Top 75 accounting firm Sax has acquired Faz Forensics, a Saratoga Springs, NY-based boutique CPA firm that specializes in forensic accounting, valuation, and litigation support, effective March 20.
Financial terms of the deal weren’t disclosed.
As part of the transaction, Faz Forensics joins Sax Advisory Group. The Parsippany, NJ-based accounting firm adds 18 Faz Forensics team members, including five partners, and two new offices in Saratoga Springs and Boston.
This is Sax’s fourth M&A deal this year. The firm acquired Scheidel, Sullivan & Lanni CPA, a Ramsey, NJ-based accounting and advisory firm, while its subsidiary, Sax Wealth Advisors, acquired Sierra Financial Advisors, SSL’s wealth management arm, in January.
Sax also acquired Owen J. Flanagan & Co., an accounting firm based in New York City, effective Jan. 22, and CoMetrics Partners, a New York City-based specialized management consulting and technology firm, in late March.
The firm, which received a minority investment from private equity group Cobepa last year, now comprises 80 partners and more than 500 professionals, with offices across New Jersey, New York, Massachusetts, and Mumbai, India, supported by a remote workforce spanning 28 U.S. states.
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Sax says the Faz Forensics acquisition enhances the resources and multidisciplinary expertise available to clients involved in complex disputes, investigations, and advisory matters nationwide.
“The accounting and advisory profession continues to evolve, and clients increasingly demand depth, specialization, and independence alongside scale,” Joseph Damiano, CEO of Sax Advisory Group, said in a statement on March 31. “Faz Forensics exemplifies the technical rigor and objectivity required in complex forensic engagements. This combination strengthens our ability to serve clients as their most trusted advisor across valuation, forensic, litigation, tax, and advisory services.”
Founded in 2016, Faz Forensics has built a reputation for delivering rigorous, independent analysis in high-stakes financial matters. By joining Sax, Faz gains access to a broader national platform and expanded technical resources while preserving the personalized service and trusted client relationships that define its practice, officials say.
“First and foremost, this was a deliberate decision to align with a firm that shares our values, culture, and uncompromising standards for independence and integrity,” Stephen Ferraro, partner of Faz Forensics, said in a statement. “We look forward to joining Sax partner Megan Sartor and her talented team as Sax Forensics continues providing expert business valuation, forensic accounting, and litigation support services. By combining with Sax Advisory Group, we will significantly expand our capabilities and resources while continuing to deliver the objective, high-quality forensic work our clients rely on.”
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