An accounting firm in Dallas, Texas on Nov. 1 will combine its operations with the larger Bonadio Group. Rochester–based Bonadio sees the combination with Howard, LLP as one that “strengthens its commitment to the Dallas–Fort Worth metroplex,” per the Oct. 4 announcement. It didn’t divulge any financial terms of its agreement with Howard. The Bonadio Group […]
An accounting firm in Dallas, Texas on Nov. 1 will combine its operations with the larger Bonadio Group.
Rochester–based Bonadio sees the combination with Howard, LLP as one that “strengthens its commitment to the Dallas–Fort Worth metroplex,” per the Oct. 4 announcement. It didn’t divulge any financial terms of its agreement with Howard.
The Bonadio Group describes itself as the largest independent provider of professional services in upstate New York. Founded in 1978, the Bonadio Group is a CPA firm offering accounting, tax, and advisory and consulting services to clients of all sizes across a variety of industries. It operates an office at 432 N. Franklin St. in Syracuse.
When the deal goes into effect, all 85 employees of the Dallas–based CPA firm will join the Bonadio Group and Howard, LLP will begin to operate under the Bonadio Group name, the firm said. Bonadio currently has more than 800 employees total, per its website.
The two firms had been discussing a combination deal for about a year, per an article on the website of Accounting Today.
The Bonadio Group opened its Dallas office in October 2018, “based on increased client needs and the potential for growth in the robust regional business environment,” Bonadio said. Combining with Howard “represents a continuation” of the Bonadio Group’s ongoing growth strategy, which includes the “expansion of both capabilities and footprint.”
Tim Pike, CEO of Howard, LLP, will serve as regional managing partner of Bonadio’s Dallas location and a member of the firm’s board, effective Nov. 1. Pike joined Howard in 2004 and has served as CEO since 2021.
“Howard and The Bonadio Group share important compatibilities in our approaches to client service and corporate culture,” Pike said in the Bonadio announcement. “We look forward to building on the successes of our firms’ combined 90+ years of experience and are excited about the benefits our clients and employees will gain from this.”
Jeff Wexler, current Dallas regional managing partner, helped open the Dallas office in 2018 and has been integral to the success and expansion of the firm throughout the region. As Wexler transitions the role of regional managing partner to Pike, he will refocus his efforts on business development and client service to support “continued strategic growth” in Texas, Bonadio noted.
Howard, which was founded in 1973, provides experience in tax and compliance services including business, individual, estate, and franchise-tax planning. Those tax capabilities “complement” the Bonadio Group’s assurance and advisory and consulting services, providing clients with “enhanced offerings, capabilities, and expertise to help optimize business performance,” the firm contends.
“Howard features a strong roster of clients across multiple industries, a team of outstanding professionals, a culture that mirrors our core values, and an excellent reputation in the Dallas–Fort Worth metroplex,” Bruce Zicari, CEO of the Bonadio Group, said. “For those reasons and more, Howard is the ideal CPA firm for us to join with as we seek to provide superior service for our clients and increased development opportunities for our people. We’re thrilled to welcome Howard to The Bonadio Group.”