A day after it announced the acquisition of Charlotte, NC-based accounting firm Pesta Finnie & Associates, top 50 firm Frazier & Deeter said on Nov. 5 that it has acquired Rosen, Sapperstein & Friedlander (RS&F), an INSIDE Public Accounting top 300 firm by revenue that is based in Towson, MD.
Financial terms of the deal weren’t disclosed. In the coming months, RS&F will be fully integrated into Frazier & Deeter’s operational and support infrastructure, giving clients access to enhanced technology, specialty tax and audit expertise, and expanded advisory services, the Atlanta-based firm said Wednesday.
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Frazier & Deeter said the acquisition of RS&F advances its strategic growth plan by expanding its footprint in the Mid-Atlantic region and expanding its capabilities across industries such as real estate, healthcare, nonprofit, government contracting, construction, manufacturing, and technology.
Founded in 1979, RS&F is a CPA and advisory firm serving family offices, ultra-high-net-worth families, and middle-market organizations.
“RS&F has earned a stellar reputation for excellence, particularly in the family office and middle-market segments,” Seth McDaniel, managing partner and CEO of Frazier & Deeter, said in a statement. “The firm’s client-centric culture, technical expertise, and entrepreneurial leadership align nicely with FD’s values and intentional vision for growth.”
RS&F reported revenue of nearly $24 million during its most recent fiscal year, according to INSIDE Public Accounting.
“We are thrilled to welcome RS&F to the FD team,” said Jeremy Jones, chief operating officer and incoming managing partner of Frazier & Deeter. “The firm’s specialization in family office and advisory services, as well as industries like government contracting, health care, real estate, and construction, strengthens our collective platform and enhances our ability to serve clients with depth and sophistication.”
“Joining FD creates long-term growth opportunities for both our clients and team,” added Jeffrey Rosen, managing partner of RS&F. “We’re excited to bring our strengths and relationships into a firm that shares our commitment to partnership, innovation, and differentiated service.”
Frazier & Deeter announced in April that it was receiving private equity backing from a group led by global investment firm General Atlantic.
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Operating under the Frazier & Deeter brand, the firm includes Frazier & Deeter LLC (a licensed CPA firm providing assurance services) and Frazier & Deeter Advisory LLC (not a licensed CPA firm), which delivers advisory and tax services.
Photo credit: Tampa Bay Constructors via Instagram
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