Continuing its strategic growth into niche practice areas in the last two years, O”™Connor Davies LLP, a New York City-based accounting and consulting firm with suburban offices in Harrison and Stamford, recently merged with Flackman, Goodman and Potter LLP, the firm announced.
Financial terms of the deal were not disclosed.
An accounting firm founded in 1920 and headquartered in Ridgewood, N.J., Flackman, Goodman & Potter specializes in transaction advisory services for private equity funds. The firm also is known for its expertise serving closely held businesses.
The merger will strengthen O”™Connor Davies”™ ability to advise investors on their merger and acquisition activities, the company said in the announcement.
“Our growth strategy over the past year sends a strong message that we will continue to invest the necessary resources to deepen our firm”™s expertise in order to meet the evolving needs of our clients,” said O”™Connor Davies managing partner Kevin J. Keane. “Joining forces with FGP is an exciting next step as we expand our reach across a wide range of business sectors.”
James Madormo, managing partner at FGP, said O”™Connor Davies”™ broad expertise and resources were “the perfect complement to our practice, enabling us to support our clients and align our firm”™s priorities and focus. We are enthusiastic about the possibilities this creates for our valued clients as we help them navigate an increasingly challenging business landscape.”
O”™Connor Davies in November announced its merger with Stanley Marks & Co. LLP, a Newburgh accounting firm that specializes in services for medical practices and physicians. The O”™Connor Davies firm in 2014 reported five completed merger deals with highly specialized accounting firms.
O”™Connor Davies employs more than 600 professionals led by 90 partners at its nine offices in New York, New Jersey, Connecticut and Maryland. Through its aggressive growth strategy, the firm in the last three years has increased the number of professionals in its ranks by about 50 percent.
