UHY Combines with Paresky Flitt in Massachusetts

Top 30 accounting firm UHY has entered Massachusetts by merging with Wayland-based CPA firm Paresky Flitt & Co.

Financial terms of the deal weren’t disclosed. The combination expands Farmington Hills, MI-based UHY’s presence in the Northeast, as the firm has 10 offices throughout New York, Connecticut, and New Hampshire. Nationally, UHY employs more than 1,600 professionals in 36 U.S. offices.

Founded in 1987, Paresky Flitt is a full-service accounting firm that offers auditing and accounting, budgeting and forecasting, business acquisitions, business consulting, succession planning, business valuation, and tax planning and preparation services to clients.

Partners David Lorenzi and Mike Okenquist will continue as managing partners of the Wayland, MA office, and all 25 Paresky Flitt employees will join UHY.

“We place a high value on building strong relationships with our clients and team members, just like UHY,” Lorenzi said in a statement. “We are there when our clients need us—even when they don’t think they do. In other words, we anticipate potential issues and help develop solutions before they become headaches for our clients and their businesses. I am excited to be able to now deliver an even greater suite of services to our clients as a part of UHY.”

Michael Mahoney, Northeast Region managing director at UHY, said about the merger, “As we looked to re-enter Massachusetts, it was important to team up with a local firm that has values similar to UHY’s. I knew when I met with David and Mike, as well as the leadership team at Paresky Flitt, that there was a clear connection between our firms and our service philosophies. We are thrilled to now have a presence in Massachusetts with a reputable firm that takes client service as seriously as we do and is ranked as one of the largest accounting firms in Massachusetts. I can’t wait to start working with this talented group of professionals.”