Rochester, N.Y.-based IPA 100 firm The Bonadio Group (FY24 net revenue of $174.7 million) announced its expansion into the mid-Atlantic region by merging with Wilmington, Del.-based CPA advisory firm Cover & Rossiter (C&R). The merger is expected to close on Dec. 1, when all employees of the Delaware-based CPA firm will join The Bonadio Group and C&R will begin to operate under its brand.
“C&R’s longstanding and highly awarded reputation, location and the expertise of its talented team make this merger an exciting expansion of both our capabilities and footprint,” said Bruce Zicari, CEO and MP of The Bonadio Group. “We look forward to introducing our specialized services to the mid-Atlantic region, and we expect the addition of the C&R team to enhance not only our client service offerings, but our culture.”
The Bonadio Group will welcome over 20 new team members and six C&R leaders to the team, including two directors, three principal executives and managing director Marie Holliday.
“Merging with The Bonadio Group provides our firm with even more resources and depth of knowledge to continuously enhance the way we serve our clients and support our employees,” said Holliday. “We look forward to leveraging the technology, expertise and training opportunities that come with being a part of a large firm with a national reach, allowing us to build on the success of C&R’s 85 years of excellence.”
