Yet Another National Accounting Merger

Gray, Gray & Gray – CCR Merger Memo Dec. 8, 2011
(rev 12.13.11)
SUBJECT: Yet Another National Accounting Merger

MESSAGE:
This week, Grant Thornton, a large international accounting firm, finalized an agreement to acquire CCR LLP, a New England-based accounting firm that was formerly known as Carlin, Charron & Rosen. This is the latest in a series of national firms buying up regional firms in our area. Some people think you must be a client of an international firm like Grant Thornton or another one of the national accounting firms in order to get full service.

We respectfully disagree.

Gray, Gray & Gray, LLP is now, and always has been, an independent accounting firm. It is our intention to remain that way in order to provide the best service possible for our clients.

We believe that, in the end, clients do not benefit when their accounting firm is acquired by a giant national firm. Just the opposite can occur, as personal service is often compromised and important decisions are taken out of the hands of those who are in the best position to make them. Such a merger can even break up successful teams, as engagement partners are reassigned and personnel shifted on accounts.
These are not worries for clients at Gray, Gray & Gray.

We have structured and staffed Gray, Gray & Gray so that we can offer practically every audit, tax, accounting and financial advisory service a business or individual will ever need. We have proven our ability to work effectively with everyone from small start-ups to very large, very successful companies. All while remaining independent and retaining our capacity to be responsive and attentive to our clients’ needs.

I just wanted to reassure you that, at a time when many local and regional accounting firm are in the process of being bought up, Gray, Gray & Gray is not for sale. We remain on duty for and directly involved with our clients.

Joe Ciccarello, CPA, MST
Managing Partner

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