Top 50 accounting firm The Bonadio Group has added T. Gschwender & Associates, a Syracuse, NY-based provider of credit risk management services to financial institutions.
Financial terms of the deal, which is expected to close on Aug. 16, weren’t disclosed. At that time, TGA will join Bonadio as part of the internal audit business unit within the firm’s advisory and consulting service line.
This is Pittsford, NY-based Bonadio’s first M&A deal in 2026. Its last addition was Albany, NY-based accounting and advisory firm Dalle Accounting in September 2025.
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Bonadio says adding TGA enhances its ability to serve banks, credit unions, and other financial institutions by expanding its credit risk management, loan review, and regulatory advisory capabilities.
“As the professional services landscape continues to evolve through consolidation, we’re focused on strategic partnerships that deepen our expertise and create greater value for our clients,” Bruce Zicari, CEO and managing partner of The Bonadio Group, said in a statement on Aug. 5. “TGA’s specialized expertise helping financial institutions navigate credit risk, regulatory expectations, and portfolio management challenges is a natural complement to our existing consulting capabilities, and we’re excited to welcome their talented team to Bonadio.”
Founded by industry veteran Thomas Gschwender in 1984, TGA has provided independent credit risk management services to financial institutions for more than 40 years. The firm’s expertise includes loan and appraisal reviews, pre-funding due diligence, problem loan management, and related advisory services.
“At TGA, we’ve always been committed to helping financial institutions strengthen their credit risk management practices by providing independent assessments and actionable guidance,” Bo Singh, president and CEO of TGA, said in a statement. ”As financial institutions navigate an increasingly complex risk and regulatory environment, joining The Bonadio Group enables us to continue that mission while providing our clients access to broader resources, expanded expertise, and additional advisory services. Just as importantly, we found a partner that shares our commitment to client service, professional excellence, and long-term relationships.”
With offices across New York state, Vermont, Texas, Delaware, Florida, and Virginia, Bonadio provides a complete range of financial and consulting services—from auditing and tax to multidimensional accounting, business advisory, and more.
Photo credit: The Bonadio Group
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