What's Happening?
Platform Accounting Group has acquired Smeriglio Associates, a firm based in Greenwich, Connecticut. This acquisition is part of Platform's strategy to expand its presence in the northeastern United States, particularly in Connecticut and New York. Smeriglio Associates, which serves clients in various industries such as architecture, retail, and automotive, will now have access to Platform's extensive network of advisors. The acquisition is seen as a strategic move to enhance service offerings and create new opportunities for growth within the accounting industry.
Why It's Important?
The acquisition of Smeriglio Associates by Platform Accounting Group highlights the ongoing consolidation trend in the accounting industry. By expanding its footprint in key markets,
Platform aims to leverage economies of scale and enhance its service capabilities. This move could lead to increased competition among accounting firms, driving innovation and improved client services. For clients, the acquisition promises access to a broader range of expertise and resources, potentially improving service quality and efficiency.
