Accounting Firm Grassi & Co. Acquires Bernstein and Seidman

NEW YORK — Accounting firm Grassi & Co. has acquired Westchester-based accounting firm Bernstein & Seidman.

Over the past 30 years Bernstein & Seidman has served over 250 clients in various industries including retail sales, import/export, food, pharmaceuticals, real estate, and, most notably, the automotive industry.

“As the automotive industry faces never-ending challenges on standards of leasing and revenue recognition, we look forward to partnering with a firm like Bernstein and Seidman whose commitment to those in the automotive industry is unparalleled,” said Louis C. Grassi, CPA, CFE, Grassi & Co. Managing Partner and CEO. “Merging Bernstein into our company allows us to grow our accounting services practice and expand our geographical footprint.”

Grassi & Co. was founded in 1980 by CEO and Managing Partner, Louis C. Grassi.

“We pride ourselves on our hands-on approach with clients and ensure that when we are engaged on a transaction, our client’s business needs are structured to take advantage of the various tax incentives available,” said Robert Bernstein, a new Partner at Grassi & Co. “Partnering with a firm like Grassi & Co. will aid us in being able to offer our clients the products and services needed to help them grow their business and compete in today’s changing landscape.”

Bernstein and his staff currently have offices in Westchester County and are slated to move in May to White Plains, NY.

Grassi & Co., the 70th largest firm in the U.S., is a premier professional service organization specializing in accounting, auditing, tax, technology, and business consulting services. Grassi & Co. has offices in Manhattan, Long Island and Park Ridge, NJ as well as internationally through its association with Moore Stephens International. Grassi & Co. specializes in professional services for the Not-for-Profit, Construction, Architecture & Engineering, Financial Services, Life Sciences, Manufacturing & Distribution, Retail, Technology, Media & Telecommunication, Transportation, Energy & Natural Resources, and Healthcare industries, among others.

This is the second acquisition announced in the past week for Grassi & Co. Earlier in the week, Grassi said it would merge with James Bohl CPA of Long Island, adding 25 accountants to its staff.