HBK CPAs & Consultants (HBK) announced it is expanding its Mid-Atlantic Region through a merger with Zapken & Loeb, LLP. The New York Metropolitan area 70-person CPA firm provides accounting and business consulting services to business owners, executives, and independent professionals. The merger was effective as of November 1, 2023.
“Howard Zapken, Stanley Loeb and their team of talented professionals have been delivering high-quality accounting and business consulting for more than three decades,” noted HBK Managing Principal & CEO Christopher M. Allegretti. “This merger is the largest in our firm’s long history and not only extends our presence in our Mid-Atlantic region, but adds to our deep expertise in a wide range of accounting disciplines and industries.”
“We are pleased to join HBK to ensure the next stage in the growth of our business,” noted Zapken & Loeb Founder and Managing Partner Howard N. Zapken, CPA. “HBK will offer our clients additional services that a firm with such a national reach can obtain.”
As part of the transition Tanvi Shah, CPA; Alex Charitos, CPA; Nachu Vellayappan, CPA; Kieron Ludde, CPA; and Scott Anderson, CPA have joined HBK as Principals of the firm. Howard Zapken, CPA; Jeff Isaacson, CPA; and Steve Bandini, CPA will join the firm as Senior Directors.
“HBK has a track record of being a dominant player in secondary markets,” commented Whitman Transition Advisors CEO Phil Whitman, who advised both firms on the transaction. “The merger of Zapken & Loeb brings HBK five young Principals who are poised to bring the firm significant growth and expansion opportunities on Long Island.”
Like HBK, Zapken & Loeb professionals offer deep expertise in a variety of industries, including construction, manufacturing, and health care.
“Zapken & Loeb mirrors our focus on providing business owners skilled professionals with deep experience in their industry to help them proactively manage their biggest financial challenges as they compete and grow,” said Thomas M. Angelo, CPA, CITP, Principal-in-Charge of HBK’s Mid-Atlantic Region.
HBK provides small to mid-market businesses and 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 locally out of offices in Columbus and Youngstown, Ohio; Pittsburgh, Philadelphia, Erie, Hermitage, Meadville, and King of Prussia, Pennsylvania; Holmdel and Cherry Hill, New Jersey; Fredonia, New York; and Fort Myers, Naples, Stuart, Sarasota, and Boca Raton, Florida. HBK 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.
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