Lancaster, Pa.-based IPA 200 firm Trout CPA (FY25 net revenue of $30.8 million) acquired Towson, Md.-based Schiff & Associates, which specializes in accounting, tax and advisory services for dental practices.
As part of the transaction, Schiff & Associates’ advisory practice will operate as Schiff Dental CPAs by Trout CPA. The deal expands Trout’s presence across the Mid-Atlantic while adding depth to its work with dental practices. Trout also plans to bring its broader accounting, tax and advisory services to clients across multiple industries in Maryland.
Founded in 2006, Schiff & Associates serves clients across Maryland, Virginia and beyond. Following the acquisition, Trout will have 180 team members, including 21 partners.
“This acquisition is an important step in our strategic growth, providing Schiff clients with enhanced operational support and access to a broader suite of services and technology while preserving the personalized attention they value,” said Todd L. Harrington, MP of Trout CPA.
“Joining Trout CPA ensures our clients continue to receive the highest quality of service, while also benefiting from the scale, resources and innovative solutions of a larger firm,” said Allen M. Schiff, founder of Schiff & Associates.
Ira Rosenbloom, CEO of Optimum Strategies, served as strategic advisor to Trout on the transaction.
