RBF Joins Its Accounting Practice with Withum

Effective August 1, 2019, Rucci, Bardaro & Falzone P.C. (RBF), an accounting and advisory firm based in Woburn, MA, joined its practice with WithumSmith+Brown, PC (Withum), a regional CPA and consulting firm with 12 offices, 1,100 team members and annual revenue of $220M, ranking in the top 25 firms in the country. RBF will remain at their location in Woburn, MA. Five partners and approximately 30 other team members will be added to the Withum team roster.

“We are excited about joining forces with Withum,” says Bill Rucci, CPA, MST, CGMA, Managing Partner at RBF. “Since its inception in 1985, RBF has been committed to providing clients with insightful, custom solutions while encouraging our own people toward superior achievement on behalf of our clients, our profession, and themselves. Withum exemplifies the same ‘Withum Way’ philosophy of client-centric, personalized attention and a commitment to excellence which is tremendously important to us.”

Withum’s Managing Partner and CEO Bill Hagaman, CPA, CGMA, also noted that Withum has been seeking the right fit to enhance its presence in the Greater Boston business community. “Finding the right strategic partner located in the Greater Boston business community is an important part of our vision for growth in the Northeast,” he says. “The RBF offices will further enhance our current Boston team, located in the Seaport district, in terms of expertise, geographic location and culture,” he says. “Their expertise in servicing privately held businesses, not-for-profit organizations, and high net-worth individuals perfectly complement Withum’s current practice areas.”

According to Rucci, “We chose Withum to be our partner because of the resources they bring to our clients. The firm’s considerable resources will help us serve our clients better,” he says. “We can now offer enhanced technology and advisory services such as digital workplace solutions and cyber and information security services, as well as robust tax and international services.”

Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the combination commented: “Withum has transformed over the past decade from a greater New Jersey firm to a regional powerhouse in the Northeast. Their vision includes continuing to expand in the region as well as expanding their footprint nationally into existing markets like Florida and ultimately California. The ‘Withum Way’ has proven to be a very attractive platform for entrepreneurial firms looking for greater depth and resources. RBF is a well-respected firm in the greater Boston market who had numerous (larger) firms approach them about combining forces. Their culture of a ‘total commitment’ to growing their clients and their people made Withum a perfect cultural fit.”

Combined, Withum and RBF serve a wide range of industries. These include construction, technology, financial and investment, healthcare, law and professional, labor organization, hospitality, life sciences, employee benefits, not-for-profit, manufacturing, consumer products, and real estate.