Westborough-based Carlin, Charron & Rosen LLP, the state’s largest accounting firm, just got larger.
The firm announced that it had acquired VanceCronin, a Boston-based CPA and consulting firm that specializes in commercial audits and audits of nonprofit organizations. The firm also counts “many high-net worth individuals” among its clients, according to CCR.
Financial terms of the acquisition were not disclosed. Vance Cronin will be known as CCR and will move from 50 Congress St. in Boston to CCR’s 60 State St. offices. VanceCronin also has an office in New Hampshire. CCR has more than 280 employees in offices in Glastonbury, Conn. and Providence, R.I. in addition to its Westborough and Boston locations.
CCR said the acquisition allows it to expand its client list into specialty practice areas while allowing VanceCronin to continue its practice under a new name.
The deal also means CCR’s growth strategy remains aggressive. Last year, a CCR merger with accounting and business advisory firm UHY would have created one of the largest such firms in New England but the deal fell apart at the last minute.
Last week, CCR announced a new alliance with BDO Seidman. Click here for the WBJ story.
