UHY has expanded its presence in New York, US, by combining with RBT CPAs, a certified public accounting (CPA) practice based in Hudson Valley.
RBT delivers audit, tax, consulting, wealth management and transaction advisory services.
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The company has been active for more than 55 years, serving corporate clients, individuals and non-profit entities.
RBT will be absorbed into the UHY structure and operate under the UHY name. The tie-up brings more than 175 professionals into UHY, including 23 partners.
The deal will provide RBT’s professionals with access to UHY’s wider national resources, service lines and sector-focused expertise.
Clients of RBT are expected to see continuity in existing relationships while being able to draw on an extended range of services.
RBT managing partner and CEO Michael A. Turturro said: “We have built a firm that our clients and communities trust, and we did that by establishing a client-centric culture where our people could thrive. It was clear that UHY shares those values.
“Their culture of entrepreneurship, focus on the middle market and commitment to personalised client service mirrors who we are at RBT.
“This combination will give our team access to expanded resources and capabilities while allowing us to continue doing what we do best – delivering outstanding, relationship-driven accounting and advisory services to the businesses and individuals who count on us every day.”
UHY launched its national wealth management arm, UHY Wealth Management RIA, less than a year ago.
Following the integration of RBT’s wealth management team, UHY’s wealth practice will oversee around $1.5bn in assets under management.
UHY CEO Steven McCarty said: “As UHY continues our growth trajectory we are actively aligning with firms that share our values, especially when it comes to delivering next-level client service.
“RBT fits that bill. We will build on their commitment to client engagement by integrating our advanced technologies, proprietary international network and national wealth management practice so we can focus on operational excellence and deliver more for all our clients for years to come.”
UHY stated that it has completed “more than 15 strategic combinations” in recent years. These have widened its footprint in markets including South Carolina, Tennessee and Ohio.
In February this year, UHY acquired Missouri-based Larson Tax Partners to deepen its presence in the US Midwest.
