Pensacola, Fla.-based IPA 300 firm Saltmarsh Cleaveland & Gund (FY22 net revenue of $23.8 million) have merged in Ruggiero Martinez & Norton of Winter Park, Fla., effective Jan.1.
Lou Martinez, accompanied by the entire team of 13 Ruggiero Martinez & Norton (RM&N) professionals, will join Saltmarsh in Orlando, Fla., and continue to serve clients from their Winter Park office. Formed in 1989, the RM&N team brings decades of dedicated service to the central Florida community, providing tax, accounting and estate planning services to businesses and individuals.
“Lou, Kane and the team at RM&N are exactly the kind of professionals we aim to grow with at Saltmarsh,” said Saltmarsh president Lee Bell. “They are trustworthy, dependable and genuinely care about their clients. We are eager to expand our footprint in central Florida as part of this merger and are even more enthusiastic to welcome them to their new home at our firm.”
Alfred Ruggiero, co-founder of RM&N, said, “I am comforted to know that the traditions of service, integrity and family values we established over the past 35 years will continue. Our team members and clients are in good hands.”
“This is an exciting time for our firm, no doubt,” said Martinez. “We considered alternatives throughout this process, but our focus remained on doing what was best for our team and our clients. Saltmarsh exemplifies the qualities we were seeking and shares our values and passion for service.”
The combined firm will have about 175 employees and offer accounting, audit/assurance, tax, wealth advisory and many specialized consulting services to clients throughout the U.S. and overseas.