Accounting & Tax Acquisitions in Massachusetts

AAFCPAs, a Top 100 U.S. CPA and advisory firm, has acquired McLaren & Associates CPAs, PC to expand its forensic accounting, litigation support, business valuation, and tax advisory capabilities. The deal brings McLaren's team of approximately 17 professionals into AAFCPAs and reinforces the firms' shared Certified B Corporation commitments.

Cherry Bekaert has acquired the business of Jameson & Company CPAs, a Bedford, Massachusetts-based firm that provides outsourced accounting solutions to small federal government contractors and grantees. The acquisition strengthens Cherry Bekaert's Government Contractor Consulting Services and expands its outsourced accounting and government contracts compliance capabilities in the Northeast.

New York-based Earned, a tech-enabled financial services firm for healthcare professionals, has acquired Boston-area accounting and tax firm Schwartz & Schwartz PC to establish an East Coast footprint. The acquisition expands Earned's integrated wealth, tax, retirement and practice services offering to dental and other healthcare practices in the greater Boston market.

Aprio has acquired Needham Heights-based boutique CPA firm Sandler & Company, P.C., effective July 1, 2025. The deal brings Managing Partner Don Sandler and a team of nine professionals to Aprio, expanding its Financial Services capabilities and deepening its presence in the Greater Boston market.

Arlington, Va.-based Ascend, a growth platform for regional accounting firms backed by private equity firm Alpine Investors, will add Boston-based IPA 200 firm Walter Shuffain effective Jan. 1. The deal brings Walter Shuffain’s FY23 net revenue of $30.3 million and 114 professionals (including 13 partners) onto Ascend’s platform and expands Ascend’s footprint into the Boston market; terms were not disclosed.

Cherry Bekaert (Cherry Bekaert LLP and Cherry Bekaert Advisory LLC) has acquired Katz Nannis + Solomon, a Boston-area full-service CPA firm, to strengthen its presence in the Northeast and expand audit, tax and advisory capabilities. The transaction transfers Katz Nannis + Solomon's attest assets to Cherry Bekaert LLP and non-attest assets to Cherry Bekaert Advisory LLC, and the combined firm will operate under the Cherry Bekaert brand.

Citrin Cooperman Advisors, LLC and Citrin Cooperman & Company LLP have acquired substantially all assets and the attest assets, respectively, of S&G LLP, a Worcester, Massachusetts-based assurance, tax and advisory firm. The deal brings five partners and more than 30 professionals into Citrin Cooperman and expands the firm's presence in New England.

Everlane Equity Partners, a Boston-based private equity firm, has made a strategic growth investment in South Watch, LLC, an outsourced fund administration provider headquartered in Canton, Massachusetts that oversees 50+ funds and approximately $3 billion in assets. The founders and management team will remain in place; the capital will be used to strengthen market position, scale the platform and pursue inorganic growth through ancillary services and add-ons.

Mazars USA LLP has acquired Boston-based accounting firm Samet & Company PC, adding five partners, three managing directors and 65 professionals to its US practice. The deal expands Mazars' footprint in the Boston/New England market and augments its audit, tax and advisory capabilities serving privately owned businesses, family offices and high-net-worth clients.

Kelso & Company (via its Kelso Fund XI) has agreed to acquire WilliamsMarston LLC from Align Capital Partners. WilliamsMarston is a Boston-based accounting, tax, valuation and managed SEC services advisor that grew significantly under ACP (expanding to multiple geographies, adding service lines and completing six add-on acquisitions) and will partner with Kelso to accelerate its next phase of growth.

Ryan, a global tax services and software firm headquartered in Dallas, has acquired Greystone Property Tax Advisors, a property tax consulting practice located outside Boston, Massachusetts. Founder William Quigley Jr. and his team will join Ryan's Property Tax practice, expanding Ryan's property tax consulting capabilities and market coverage across the United States.

Funds advised by CVC Capital Partners have agreed to acquire a significant interest in CFGI, valuing the leading non-audit accounting advisory firm at approximately $1.85 billion. Existing investor Carlyle and CFGI management and partners are reinvesting alongside CVC; CFGI will remain a privately held firm under its current leadership and the deal is expected to close in Q4 2021.

WilliamsMarston LLC, a PE-backed accounting advisory and management consulting firm, acquired BA Major Associates LLC, a Boston-based corporate tax advisory firm specializing in biotechnology, pharmaceuticals, medical devices, healthcare, renewable energy and technology sectors. The deal follows Align Capital Partners’ growth capital investment in WilliamsMarston earlier this year and brings BA Major’s partners into WilliamsMarston to expand the firm’s corporate tax capabilities.

Source Advisors, supported by equity partner Gainline Capital Partners, has acquired Intrepid Advisors to expand its nationwide footprint and technical leadership in R&D tax credit and specialized tax incentive consulting. The deal strengthens Source Advisors' service offering for manufacturing, technology companies, and CPA firm partners by adding Intrepid's engineering-driven R&D tax credit expertise.

Align Capital Partners (ACP) made a growth capital investment in WilliamsMarston LLC, an accounting advisory and management consulting firm with offices in Boston and New York. The founders Landen Williams and Jon Marston will continue to lead the firm as ACP supports expansion of sales, marketing, technology and geographic reach.

AAFCPAs has acquired Scott A. Goffstein & Associates, a 14-person CPA firm based in Waltham, Massachusetts. The acquisition strengthens AAFCPAs' international tax capabilities, expands its headcount to roughly 240 professionals across four offices, and brings Scott Goffstein into the firm as a Partner.