Transaction capitalizes on industry synergy and geographic strength
PRESS RELEASE
MECHANICSBURG, PA (October 24, 2017) – RKL LLP (RKL), a leading CPA and business consulting firm, today announced that Mechanicsburg-based Padden, Guerrini & Associates, P.C. (PGA) will be joining the firm as the result of a merger effective January 1, 2018. The deal capitalizes on synergies between the firms’ client bases and further bolsters RKL’s position in the Greater Capital Region.
The transaction aligns two Central Pennsylvania-based firms with a shared focus on serving the needs of middle market commercial and individual clients based in the Greater Capital Region, as well the credit union and senior living industries. Ranked among the nation’s top firms and a “Best Place to Work in Pennsylvania,” RKL’s specialized expertise and broad-based professional services capabilities will further strengthen PGA’s respected practices and talented workforce.
“This transaction was a logical fit for both firms. From RKL’s perspective, the opportunity to merge in a team of professionals with an exemplary dedication to our key industries as well as to the Greater Capital Region is a true win for our strategic growth initiatives,” said RKL CEO Edward W. Monborne.
“Personalized attention, consistent relationships and high-quality service have long been hallmarks of PGA’s client commitment,” PGA President David Padden said. “By joining the RKL team, not only are we able to maintain these principles, but we can also tap into cutting-edge capabilities that will allow us to expand and build upon the tax, accounting and consulting services we provide to commercial and individual clients.”
The transaction enhances RKL’s position in the Greater Capital Region, growing the size of its local team to approximately 50 team members. PGA’s existing location at 91 Cumberland Parkway, Mechanicsburg will serve as RKL’s second location in the Greater Capital Region and will add a West Shore presence to the firm’s geographic footprint.
The two firms share respected positions serving the accounting and consulting needs of the credit union and senior living industries, in addition to their well-recognized market position serving middle market commercial clients. Both firms are nationally recognized as top auditors of credit unions by Callahan & Associates, with RKL occupying the top 15th spot and PGA holding the 20th position. This transaction will place RKL in the top 10 firms serving credit unions nationally. PGA’s depth of experience serving senior living providers and its medical billing practice will further enhance RKL’s Senior Living Services Consulting Group, a nationally leading provider of financial, operational and compliance services for the post-acute care industry.
PGA’s five partners and 26 team members will join the RKL team, which employs nearly 400 team members in Pennsylvania and beyond. The Mechanicsburg office will represent the sixth Pennsylvania-based location for RKL’s CPA and business consulting firm, which also has operations in Lancaster, Harrisburg, Reading, York and Allentown. The firm serves clients in all 50 states and has locations across the U.S. through its Information Technology consulting entity, RKL eSolutions.
###
