Parsippany-based, Top 100 accounting firm SAX LLP announced its acquisition of Scheidel, Sullivan & Lanni CPA LLC (SSL) out of Ramsey along with Sierra Financial Advisors, LLC, effective Jan. 4.
As part of the transaction, Sierra Financial Advisors, the firm’s wealth management arm, has been acquired by SAX Wealth Advisors, a wholly owned subsidiary of SAX.
This transaction further strengthens SAX’s integrated tax, accounting, advisory and wealth management platform and reflects the firm’s continued investment in long-term, client-focused growth.
SSL brings decades of experience and a reputation for trusted, partner-led service, while Sierra Financial Advisors adds a strong wealth management platform built on fiduciary guidance and long-standing client relationships.
Together, the firms unite nearly 120 years of combined expertise and reinforce a shared mission to serve as clients’ most trusted advisors.
“This acquisition reflects our commitment to strategic growth while upholding our values of respect, integrity, commitment, excellence and stewardship,” said Joseph Damiano, CEO of SAX.
“Both SSL and Sierra have built strong legacies rooted in trusted relationships and professional excellence. Their cultures align beautifully with ours, and we are excited to welcome their teams to the SAX family.”
“This transaction ensures alignment with a firm that shares our culture, values and dedication to clients,” said SSL’s Timothy J. Sullivan, David F. Scheidel and Michael J. Lanni Jr. in a joint statement.
“By joining SAX, we are providing our clients and team members with access to greater resources, expanded expertise and increased opportunities — while maintaining continuity and the personalized service our clients rely on.”
This transaction brings SAX to 73 partners and nearly 400 team members, along with a national and international presence. It includes offices all along the East Coast and India, supported by a remote workforce spanning 27 U.S. states.
It is the third transaction since SAX’s recent minority investment from Cobepa, an independent investment company accelerating SAX’s strategic expansion, capabilities and innovation.
