Aprio, the 24th-largest business advisory and accounting firm in the United States, announced Aug. 7 its acquisition of DeFalco & Co., an accounting firm with offices in Hoboken and Scotch Plains, expanding Aprio’s presence in the greater New York Metro area. Financial terms were not disclosed.
Its latest acquisition aligns with Aprio’s strategic focus on serving the area’s middle-market businesses, entrepreneurs, and high-net-worth individuals with expanded advisory, tax, accounting, and audit solutions. With existing teams in New York and New Jersey, the addition of DeFalco & Co. brings Aprio’s presence in the region to three offices and more than 150 professionals.
Founded in 1971 by Louis DeFalco, DeFalco & Co.’s services include tax planning and preparation, business accounting and advisory, estate and trust consulting, and litigation support. Â
“This combination significantly expands our ability to serve clients across the Northeast with a broader range of tax, audit, and advisory services,” said Richard Kopelman, CEO of Aprio. “By bringing DeFalco & Co. into Aprio, we are enhancing our capabilities and deepening our presence in the region. Together, we’re building on our momentum and positioning Aprio to set the standard for service and growth in the Northeast over the next three years.”
Aprio added Managing Partner Philip A DeFalco along with Nick Visaggio and Walter Fitzsimmons, who joined as partners, as well as a team of 11 professionals.Â
“Aprio is a firm we have long admired for its impressive growth, forward-thinking mindset, and focus on delivering value to clients,” said Phil DeFalco. “Joining forces allows us to bring even greater resources and capabilities to our clients, while continuing to provide the personalized service they expect.”
With this addition, Aprio continues to enlarge its presence in key business hubs such as Boston, Washington, D.C., Chicago, Austin, Denver, and California.
Joe Tarasco of Accountants Advisory served as the adviser to Aprio on the transaction.
