David Winzelberg //September 22, 2023
Courtesy of CliftonLarsonAllen
National accounting company acquires Long Island firm
Courtesy of CliftonLarsonAllen
David Winzelberg //September 22, 2023
Garden City-based Richards, Witt & Charles LLP has been acquired by CliftonLarsonAllen LLP, the eight largest accounting firm in the U.S.
Terms of the deal were not disclosed.
Founded in 1979 by Alan Richards and Robert Witt, Richards, Witt & Charles (RWC) has specialized in serving small and medium-sized automobile dealerships and restaurants, according to a company statement.
“RWC is well known across the country for our experience and deep connection to the automobile dealership industry, and for our focus on serving restaurants of all sizes. We are deeply connected to our clients and understand their needs inside and out, just the way CLA is connected to its clients,” Paul L. Charles, CPA, managing partner of RWC, said in the statement. “The synergies between our firms helps to make this transition easy for our clients and for our people. Together, we bring a together a broad array of talent and scope of service that will impact our clients’ businesses.”
RWC’s staff of 18 will remain at its current offices at 100 Ring Road West and the firm will be rebranded as CliftonLarsonAllen (CLA), becoming the national firm’s first Long Island location. RWC earned revenue of $6.4 million in 2022.
CLA, which offers wealth advisory, digital, audit, tax, consulting and outsourcing services, employs more than 9,000 people in more than 130 offices throughout the U.S., according to its website. The firm had $2 billion in revenue last year.
“RWC is an excellent fit with CLA’s focus and experience across numerous industries,” Scott Engelbrecht, chief geographic officer at CLA, said in the statement. “As we expand our services in the areas of transportation, food, agribusiness and more, aligning the talent and expertise the RWC team brings to CLA only makes our overall offering to clients even more robust. Sharing a common vision and similar client promise, we are eager to build on our collective vision, together.”
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