Aprio’s latest acquisition is an accounting firm called DeFalco & Co that counts over 1,500 businesses and individuals as clients. 

The terms of the deal were not disclosed. 

Atlanta-based Aprio is a professional services firm with more than 2,100 employees. Many of those staffers work at its accounting practice, which helps organizations with tasks such as ensuring that their financial reporting procedures are reliable. Aprio also has a sizable business advisory unit. The unit competes in several parts of the consulting market including the IT services segment.

DeFalco & Co, the company that Aprio has acquired, is a New Jersey-based CPA firm founded in 1971. Its team of 15 professionals works across two offices in Hoboken and Scotch Plains. Aprio is no stranger to the region: It gained an office in Fairfield, which is located about an hour’s drive from Hoboken, through the 2022 acquisition of a local CPA firm. 

“Aprio’s acquisition of DeFalco & Co, CPA, strengthens our footprint in the Tri-State area and expands our ability to serve clients across the greater New York Metro region,” Aprio chief executive officer Richard Kopelman told Boardroom Insight. “With existing teams in New York and New Jersey, this addition brings Aprio’s regional presence to three offices and more than 150 professionals.”

DeFalco & Co performs tax planning and preparation for clients, as well as audits that check the accuracy of their financial statements. Some of the firm’s accounting services have vertical-specific elements. In healthcare sector engagements, for example, DeFalco & Co uses specialized processes that it has developed to ease tasks such as tracking financial performance.

“The combination deepens our capabilities in serving middle-market businesses, entrepreneurs, and high-net-worth individuals, while providing clients with greater access to specialized services and local teams who understand the nuances of the region’s business landscape,” Kopelman detailed.

DeFalco & Co is the latest in a series of regional accounting firms that Aprio has bought since the start of the year. The company’s previous acquisitions bolstered its headcount in the Boston metropolitan area, Austin and other key markets. Aprio also acquired a business unit of RSM US that works with professional services firms. Kopelman described the DeFalco & Co deal as “another bold step in Aprio’s strategy to scale in key business hubs and deliver tailored guidance that supports clients’ long-term success.”

Photo courtesy of Aprio