Aprio acquires accounting practice Waldron H. Rand & Company

Aprio has acquired Massachusetts, US-based public accounting practice Waldron H. Rand & Company for an undisclosed amount.

Founded in 1912 by Waldron H. Rand, the company has more than 70 professionals and 12 partners.

The combination also includes Rand & Sweet, a client accounting services practice co-founded by Mike Sweet. This unit provides technology-enabled accounting and advisory services to owner-managed businesses.

As part of the transaction, Aprio also gains legal capabilities through a separate alternative practice structure led by Beth Grossman.

Waldron Rand managing shareholder Rick Dlugasch said: “Joining Aprio is an incredible opportunity for our clients and team.

“Our talented team has built an incredibly special firm, and now they have access to resources, career paths and opportunities that come with being part of a firm at Aprio’s scale.

“And for our clients, it means we can deliver expanded capabilities to help them grow. I am excited about where we will go together.”

The transaction strengthens Aprio’s expanding footprint in the Greater Boston market, where the combined company plans to grow its accounting, advisory, tax, wealth and legal offerings.

With staff based in Needham and Dedham, Aprio aims to extend its services to clients across Massachusetts and the wider New England region.

Aprio CEO Richard Kopelman said: “Waldron Rand was founded by the leaders who helped shape the accounting profession in the US, and they have spent over a century honoring that. We are proud that they chose Aprio to carry that legacy forward.

“Together, we are bringing a new kind of firm to Greater Boston, one where clients experience accounting, advisory, audit, tax, wealth and legal fully integrated into one team.

“Aprio is building this kind of firm across the north-east, and Greater Boston is a cornerstone.”

Aprio also recently acquired Pennsylvania-based accounting and advisory practice Isdaner & Company.