Wayne, Pa.-based Stephano Slack (FY22 net revenue of $13.4 million) has announced the merger of Morgenstern Waxman Ellershaw (MWE) of Marlton, N.J.
MWE is led by partners Richard Morgenstern, Gary C. Waxman and Robert W. Ellershaw. The firm specializes in serving privately owned businesses and high-net-worth individuals with accounting, auditing and tax services; business valuation aid; accounting software selection and implementation support; financial planning; and management advisory services and business planning.
The partnership with Stephano Slack was driven by the aligned cultures and similar firm values of dedication to quality, client service, community involvement and staff wellbeing. Through this merger, MWE will gain access to an expanded bench of capabilities and resources to enhance its value proposition of top-tier service and help clientele continue to grow and navigate the challenges both individuals and businesses face today.
“Distinguishing our footprint in New Jersey was a logical next step for Stephano Slack as it complements our Wayne, Pa., and Wilmington, Del., offices by giving us a strategic advantage to serve the market east of Philadelphia,” said Stephano Slack founder and MP Michael Stephano.
MWE serves industries complementary to Stephano Slack, including distribution and wholesale, manufacturing and production, not-for-profit organizations, real estate, retail and food, and more.
“We are really excited by the partnership with Mike and the Stephano Slack team and the positive impact it will have on our staff and our clientele. We greatly value all these relationships. Our firm has a long history of expert and deeply attentive client service that we look forward to continuing long into the future” said Morgenstern, MP of MWE.
Ira Rosenbloom, CEO of Optimum Strategies, served as the strategic advisor to the parties for the transaction.