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Wayne, PA-based Stephano Slack has merged in Morgenstern Waxman Ellershaw (MWE), an accounting firm based in Marlton, NJ.
Founded in 1925, MWE is led by partners Richard Morgenstern, Gary Waxman, and Robert Ellershaw. The firm specializes in serving privately owned businesses and high-net-worth individuals with accounting, auditing, and tax services; business valuation aid; accounting software selection and implementation support; financial planning; and management advisory services and business planning.
The merger was driven by the aligned cultures and similar values of dedication to quality, client service, community involvement and staff well-being, both firms said. Through this merger, MWE will gain access to an expanded bench of capabilities and resources to enhance its value proposition of top-tier service and help clientele continue to grow and navigate the challenges both individuals and businesses face today.
“Distinguishing our footprint in New Jersey was a logical next step for Stephano Slack as it complements our Wayne, PA, and Wilmington, DE, offices by giving us a strategic advantage to serve the market east of Philadelphia,” Michael Stephano, founder and managing partner of Stephano Slack, said in a statement. “We’re excited to welcome such a strong, capable team to the firm and look forward to supporting them in efficiently and effectively serving their clients.”
Founded in 2004, Stephano Slack is a top 400 accounting firm in the U.S. by revenue. It provides comprehensive outsourced accounting, audit, tax, and transaction advisory services to clients. MWE serves industries complementary to Stephano Slack, including distribution and wholesale, manufacturing and production, not-for-profit organizations, real estate, retail and food, and more.
“We are really excited by the partnership with Mike and the Stephano Slack team and the positive impact it will have on our staff and our clientele. We greatly value all these relationships. Our firm has a long history of expert and deeply attentive client service that we look forward to continuing long into the future” Morgenstern said.
Ira Rosenbloom, CEO of Optimum Strategies, served as the strategic advisor to the parties for the transaction.
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