Top 40 accounting firm The Bonadio Group said Thursday it will be combining with Albany, NY-based accounting and advisory firm Dalle Accounting and Cash Management Inc. in a deal expected to close on Sept. 8.
Financial terms of the deal weren’t disclosed. All Dalle employees join The Bonadio Group and Dalle will begin to operate under The Bonadio Group name once the merger is finalized.
The Bonadio Group said Aug. 7 that the partnership will enhance its presence in the metropolitan region surrounding Albany, which is the state capital of New York, adding roughly 20 new team members, including one partner, and more than 500 client relationships.
“Dalle’s clients will continue to work with the same trusted professionals, while gaining access to Bonadio’s expanded service offerings, resources and industry expertise,” the Pittsford, NY-based accounting firm said in a media release.
The deal is an exciting step for The Bonadio Group, enabling the firm to offer more services to more clients in the Capital Region of New York, said Bruce Zicari, CEO and managing partner of The Bonadio Group.
“Dalle’s strong track record of success, specialized expertise, and deep roots in the Albany market align perfectly with Bonadio’s values and commitment ‘to be growing.’ We’re thrilled to welcome their talented team to our firm,” he added.
Founded in 2006 in Watervliet, NY, Dalle was established to provide small businesses and nonprofit organizations with financial leadership. Over the past two decades, the firm has grown into a trusted business partner for more than 500 clients, delivering everything from day-to-day accounting support to complex financial transactions and regulatory compliance through a unique team-based model.
“Our decision to join Bonadio reflects our shared commitment to people-first values, forward-looking client service, and continuous improvement” said Dan Lortie, managing director at Dalle. “Together, we can offer our clients more resources and our team greater opportunities, all while preserving the personalized service that has defined our approach.”
This will be the first M&A deal for The Bonadio Group since last December when it merged with CPA advisory firm Cover & Rossiter.
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