HISTORY
OVER 80 YEARS OF DOING MORE FOR OUR CLIENTS.
A History of Doing More for Our Clients
Gray, Gray & Gray, LLP has been one of New England’s leading independent accounting and business advisory firms for over 80 years, and has grown to become one of the “Best of the Best” and to rank among the “Top 150” firms in the U.S. We were among the first firms in the country to take an integrated approach that combines business advisory services with tax, audit, private wealth management, and investment banking to provide our clients with the power to do more.
The firm was founded in 1945 by Robert Gray, whose brothers, Milton and Mervin soon joined him in their downtown Boston office. In 1947, the Grays became the first brothers ever elected to membership in the American Institute of Certified Public Accountants simultaneously.
We combine more than 80 years of experience with a forward-looking approach focused on responsiveness, accessibility, and meaningful client relationships. We have spent 80 years preparing our firm and our clients for the challenges and opportunities that will arrive tomorrow.
From the beginning, Gray, Gray & Gray was determined to be different from other accounting firms. Mervin Gray recalls, “We didn’t want to be a firm that just did auditing and taxes and had contact with clients once or twice a year. We wanted to deal more closely with clients in order to help them deal with their problems.” That philosophy remains a cornerstone of the firm.
Under the leadership of Managing Partner Neil Krug the firm experienced strong growth from 1986 through 2007. In 2008, C. Joseph Ciccarello became Managing Partner of the firm, and his steady hand helped both the firm and our clients thrive throughout a global recession. In 2018, Jim DeLeo assumed the mantle of Leading Partner, with a clear vision for growth and expansion of the firm in the decades ahead. A worldwide pandemic in 2020 provided a platform for the firm to show our depth and resources as we helped clients navigate through economic disruption and adapt successfully to a “new normal.”
Innovative thinking is not new for Gray, Gray & Gray. The firm has consistently set industry trends, from hiring a computer consultant as early as the late 1940s, to becoming the first local accounting firm to use word processing for preparing financial statements. As part of a pioneering IRS test program, Gray, Gray & Gray was also among the first CPA firms in the country to file computer-generated tax returns. More recently, the firm has maintained its leadership in technology by adopting cloud computing solutions for clients, ensuring we remain at the forefront of accounting innovation.
In 2000, the firm launched Gray Private Wealth, LLC (originally Gray Equity Management, LLC), an independent personal financial advisory firm, to help clients and others with tailored asset management and investment strategies. Gray, Gray & Gray was among the first accounting firms in Massachusetts to take this important step.
Continuing its tradition of innovation, the firm introduced Gray Strategic Partners, LLC in 2023, establishing a boutique investment banking firm designed to assist clients with a full spectrum of services from pre-transaction through post-transaction advisory.
Chief among the contributors to our success is our continued commitment to remaining an independent firm and not succumbing to the lure of merging into a larger national organization. This independence directly benefits our clients by allowing us to provide more proactive and personalized service, with more attention, more detail, and a more rapid response to opportunities and questions, strengthening our ability to make decisions in real-time.
Over the years, this commitment to doing more has been successful for clients of all sizes, in a wide range of industries, operating in regional, national, and international markets. We have earned our exceptional reputation for effective counsel and service to closely-held and family-owned businesses and the individuals who own them.
The real proof of the value of an accounting and advisory firm is found in the success of its clients.
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Growth Through Acquisition
I am most proud of our reputation for honesty and integrity… Our name is very well thought of. Through the years, we have treated our clients well and fairly.
Mervin Gray
What Our Clients Are Saying...
The real proof of the value of an advisory and accounting firm is found in the success of its clients. Read what our clients have to say about Gray, Gray & Gray.
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