Accounting Firms Sax Macy Fromm and Bollam, Sheedy, Torani Announce Merger Forming SaxBST

Focus of the Merger is to Provide Clients with Greater Resources, Deeper Expertise and Expanded Services. End Quote

Bergen-Passaic, NJ (1888PressRelease) September 28, 2013 - Sax Macy Fromm & Co., PC (SMF) of Clifton, N.J., and Bollam, Sheedy, Torani, & Co. LLP (BST) headquartered in Albany, N.Y., announced today a merger of the two accounting and business consulting firms, effective January 1, 2014. The new company, to be named SaxBST, will rank among the "Top 100" firms nationally, with more than $45 million in combined annual billings.

SaxBST will maintain offices in Clifton, N.J.; Albany, N.Y.; New York City and Mineola, N.Y.

"Coming together made a great deal of sense for our two practices. Both firms' approach to servicing clients and helping them realize their dreams are perfectly aligned," said Robert Paz, managing partner of SMF. "Creating one firm allows us to provide an even deeper level of expertise and a better focus on each client's unique challenges. Each firm features some service offerings that the other does not, further contributing to the synergy of this merger."

"People and relationships are the DNA of our new union. We are driven to see our clients succeed by providing solutions that exceed expectations and assure their success," added Stephen L. Ferraro, BST managing partner. "Sax Macy Fromm shares many of the same values that drive our business, including a commitment to highly personalized client service, deep industry expertise, and a dedication to employees and the communities we serve. Combining these two well-respected firms creates a positive-thinking and future-oriented organization with a superior industry reputation."

The professionals at SMF and BST also will contribute to SaxBST's forward-thinking philosophy. Many hold key leadership positions in numerous professional and business organizations and are often sought to share their expertise at industry events. SMF has been named as a "best place to work" by trade and business publications, and both firms have long been recognized for their outstanding community involvement and charitable endeavors.

Once the merger is complete, SaxBST's multi-disciplinary accounting, tax and financial consulting services will continue to meet the needs of privately held companies, family-owned businesses, not-for-profit entities and high-net-worth individuals throughout the New York tri-state area. The firm's industry segments and niches include commercial real estate, construction, manufacturing and distribution, employee benefits, retail, financial services, medical and professional services, not-for-profit, government and labor unions.

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