West Hartford, Conn.-based blumshapiro (FY18 net revenue of $83.4 million) has announced a merger with Cowan Bolduc Doherty (CBD) of North Andover, Mass.
The combination with CBD will expand the firm’s presence in Massachusetts to five locations, adding 20 professionals, including three partners.
“CBD’s strong and well-respected team of auditing, accounting and tax experts – and their reputation for providing exceptional client service – greatly complements blumshapiro and further supports our commitment to provide our clients the personal level of service that has contributed to our firm’s success,” says blumshapiro CEO Joseph A. Kask.
Stephen J. Doherty, partner at CBD, says, “Since our founding in 1988, CBD has fostered strong relationships with our clients in northeastern Massachusetts. For more than 30 years we have embraced growth and change, and this merger with blumshapiro is a natural next step in providing our clients with more resources while maintaining the personalized commitment they have come to expect from CBD.”
“This combination helps extend blumshapiro’s reach and leadership serving entrepreneurial clients in the Boston market,” says Gary Adamson, CEO of Adamson Advisory LLC, the advisor to both firms on this merger. “Cowan Bolduc Doherty has been a leader serving the Boston market for many years and was attracted to blumshapiro because of their outstanding talent pool and extensive range of services focused on the middle market.”
The merged firm will adopt the blumshapiro name. The North Andover office will join blum locations in Boston, Newton, Quincy and Worcester, Mass. The firm also has offices in West Hartford, Shelton and Marlborough, Conn., and Cranston, R.I.