Parsippany-based Sax LLP on Monday announced the expansion of its accounting, tax and advisory presence in New York with the acquisition of New York-based tax and accounting firm David Weiss CPA PLLC, effective July 31. .
As a result of this partnership, Sax is now a 47 partner company with 237 employees in total. The company has three offices between New York and New Jersey and has a remote team that covers 14 states.
David Weiss CPA PLLC has been providing quality, personalized financial advice to individuals and businesses for over 35 years, with expertise ranging from traditional tax management and accounting to more in-depth services such as audits, financial statements and financial planning.
David Weiss CPA PLLC is renowned for its high standards of excellence and professionalism and is one of the leading firms in the tri-state area.
The newly merged company under the Sax banner has further strengthened its service in the New York market with high quality tax and accounting and offers a strong portfolio of advisory services that deliver significant value to businesses and high net worth individuals.
Robert Fligel of RF Resources LLC served as advisor for the acquisition.
“This is an exciting time for David Weiss CPA as we move forward with Sax to enhance our capabilities and services for our clients,” said David Weiss, partner at David Weiss CPA PLLC. “This partnership with Sax is a great match, as we both share common goals and operate with the utmost professionalism, skill and drive. Together, with our combined expertise and resources, we will continue our collective growth and deliver results. and meaningful solutions to those we serve.
“During my tenure as Managing Partner of Sax, we have seen our business grow by 137%, and much of that growth is attributed to successful mergers and acquisitions. When identifying potential partners, it is essential for Sax management to find the right fit,” said Joseph Damiano, CEO and Managing Partner of Sax LLP. “Our intention is to expand our size and reach, but also to strengthen our team culture and our service that have brought us to where we are today. We have found a great match with David Weiss CPA. Not only are they aligned with Sax where it matters most, but their highly skilled professionals and high caliber expertise help us take us to the next level in the New York market, and as a company as a whole.
Another growth initiative planned for 2022, Sax intends to open its first international office in Mumbai, India, by the end of the year.