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Jessica Perry//January 31, 2025//
PHOTO: DEPOSIT PHOTOS
PHOTO: DEPOSIT PHOTOS
Jessica Perry//January 31, 2025//
One of the region’s largest CPA firms is getting bigger, following Goldstein Lieberman & Co. LLC‘s latest acquisition.
Rockland County, N.Y., firm Teich, Beim & Moro PC will merge with the Park Ridge-based business, effective Feb. 1, NJBIZ has learned.
The addition of the 50-year-old firm puts Goldstein Lieberman in the top 1% of the nation’s 43,000 CPA firms by revenue according to Inside Public Accounting, the buyer said. Moving forward, the New York team will continue to serve its business and tax clients.
“We are proud of our improvements in every area, not for ourselves but for what we are now able to do for the clients who entrust us to make the best possible decisions and assist them in their Business and Finances … and their future,” commented Goldstein Lieberman CEO Phillip Goldstein.
“We are certain that this move will be seamless and provide even greater capabilities to our new and long-standing client list,” said Teich Beim & Moro President Michael Beim.
For Goldstein Lieberman – one of the largest first-gen CPA firms in Bergen County – the move into the top tier throughout the U.S. will afford it greater reach. Already, the 85-year-old firm serves clients locally, regionally, nationally and internationally.
GLC’s other recent acquisitions include the addition of Mount Kisco-based Segan and Garbuio CPAs PC and ABD Associates.
Overall, M&A in the public accounting space has ticked up in recent years, and is expected to persist moving forward. In August, Capstone Partners highlighted “participants’ ability to showcase stable cash flows, significant client retention and robust financial projections” as supporting healthy deal activity. Additionally, sector fragmentation and succession planning have also driven transactions, Capstone said.
Goldstein Lieberman provides traditional tax and audit and assurance services. It also offers value-added services, such as business development, merger and acquisition studies, compensation planning, succession planning, business valuations and IT consulting. Its client roster includes closely held manufacturers, wholesale distributors, real estate and construction companies, and others.
GLC also started 2025 with a new headquarters, at 225 Brae Blvd. in Park Ridge. According to its announcement, the firm occupies the second floor of the more than 224,000-square-foot building.
The new, larger space offers room to accommodate GLC’s steady growth and increasing number of team members. It also features technological advancements and upgraded conference facilities. According to Goldstein, that in-office experience is important – and in demand.
“I call it back to the future,” Goldstein said at the time. “Our insistence on maintaining a well-equipped, state of the art office which helps attract and maintain a ‘new-fashioned’ staff that clearly prefers to work outside of their home — a place where comradery with colleagues and clients is a traditional part of the corporate culture.
“Here, our team can meet in person with Clients, Bankers, Attorneys and Businesses and reveal all that stands behind the winning numbers that Goldstein Lieberman provides through technology-supported financial expertise and experience-backed by expert business advice,” he added.
According to Goldstein, this culture has contributed to the firm’s rapid growth. He maintains that in the new, “larger” location GLC will continue the face-to-face tradition that has led to long-lasting relationships with clients.