Strategic acquisition adds specialized expertise in real estate, high-net-worth individuals, and family offices.
PARAMUS, NEW JERSEY – HBK, a leading accounting and advisory firm, announced today the acquisition of Konner, Harbus and Schwartz, PC (KHS), a boutique accounting firm based in Paramus, New Jersey. The transaction, closing at the end of October, will establish the firm’s newest office location in Northern New Jersey. Ira Rosenbloom of Optimum Strategies advised both firms on the transaction.
KHS brings a distinctive client portfolio that includes significant concentrations in real estate, amusement and recreation, high-net-worth individuals, and fiduciary services. Despite its size, the firm has built a reputation for delivering sophisticated services typically associated with larger firms, but with a personalized approach that has attracted clients throughout the tri-state area and beyond.
“KHS has carved out a unique position in the market by providing Big 4-level expertise with the personal attention and responsiveness that high-net-worth clients and their families value,” said HBK CEO and Managing Principal Thomas M. Angelo, CPA, CTIP. Their track record of attracting clients who previously worked with larger firms speaks to the quality of their service model. This is exactly the type of specialized capability we want to bring into HBK.”
The firm’s proximity to New York City has enabled KHS to develop deep relationships with clients in private equity, real estate, and other sophisticated industries. Many of these clients have transitioned from national firms seeking more personalized service without sacrificing technical expertise.
As part of the acquisition, Dina Schwartz and Marc Harbus will join HBK as Principals. Dina will lead operations at the Paramus location, while Marc will divide his time between HBK’s Boca Raton, Florida and Paramus offices.
“We’ve built our practice on the principle that high-net-worth individuals and complex clients deserve both technical excellence and personal attention,” said Marc Harbus, Principal in the new Paramus office. “Joining HBK allows us to enhance our service offerings while maintaining the boutique approach our clients expect. We’re excited about the additional resources and expertise we can now bring to our relationships.”
The addition of KHS supports HBK’s strategic initiatives, focusing on proactive growth through strategic acquisitions, geographic expansion, and enhanced service delivery capabilities. The Paramus location will offer HBK’s full range of accounting, tax, and advisory services with particular strength in real estate, fiduciary services, and high-net-worth individual planning.
About HBK:HBK provides businesses, their owners and operators a wide range of financial solutions, including accounting, tax, and audit services; wealth management; business valuation; transaction advisory services; forensic accounting; litigation support services; and business consulting, including broad expertise in a number of major industries. The CPA firm dates back to 1949 and added its wealth management practice in 2001. HBK CPAs & Consultants and HBKS Wealth Advisors serve clients out of offices in Columbus and Youngstown, Ohio; Pittsburgh, Philadelphia, Erie, Hermitage, Meadville, and King of Prussia, Pennsylvania; Holmdel, Cherry Hill, and Paramus New Jersey; Long Island and Fredonia, New York; Fort Myers, Naples, Stuart, Sarasota, and Boca Raton, Florida; and Delhi, India. HBK also ranks in the Top 50 on Accounting Today’s list of the largest U.S. CPA firms; HBKS Wealth Advisors is a Top 100 registered investment advisory.
Media Contact: Loriann Facenda, Director of Communications, lfacenda@hbkcpa.com
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