Brescia McCluskey Expands with Cochrane & Co. Acquisition
Deal News | Jan 10, 2025 | EIN
Brescia McCluskey, LLC, a leading CPA firm based in North Palm Beach, has successfully acquired Cochrane & Co., P.A., further enhancing its position as a premier accounting and financial services provider. This acquisition is a strategic move for Brescia McCluskey, LLC, aligning with its mission to offer comprehensive financial solutions and expand its client base within the business and investment community. The merger will not only add to their accounting and tax expertise but also brings Cochrane & Co.'s reputation for personalized service into their fold. The integration aims to provide seamless services while enhancing the firm's capabilities. Brescia McCluskey's investment affiliates manage over $500 million, which supports their commitment to providing robust financial growth opportunities for clients. As both partners express optimism about the merger, this acquisition represents a significant milestone in Brescia McCluskey, LLC's growth strategy.
Sectors
- Accounting and Financial Services
- Investment Management
Geography
- United States – The acquisition involves firms based in Palm Beach, within the state of Florida in the United States.
- Florida – Both Brescia McCluskey and Cochrane & Co. are located in Palm Beach, Florida, making it a key geographic focus.
Industry
- Accounting and Financial Services – The acquisition involves CPA firms specializing in accounting and tax services, indicative of the broader accounting and financial services sector.
- Investment Management – Brescia McCluskey, through its affiliates, manages over $500 million in investments, representing the investment management sector.
Financials
- 500 million – Brescia McCluskey's affiliates manage over $500 million in client investments, demonstrating their investment management capabilities.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Brescia McCluskey, LLC | Acquirer | Company | A North Palm Beach based leading CPA firm providing comprehensive accounting, tax, and consulting services. |
| Cochrane & Co., P.A. | Target | Company | A CPA firm recognized for personalized accounting services, now acquired by Brescia McCluskey, LLC. |
| Alexia Varga-McCluskey | Partner | Person | Partner at Brescia McCluskey, LLC, commenting on the strategic implications of the acquisition. |
| Brian Brescia | Partner | Person | Partner at Brescia McCluskey, LLC, highlighting the growth and service benefits of the acquisition. |
| Reynolds Cochrane | President | Person | President of Cochrane & Co., P.A., who expressed enthusiasm for the merger. |