Strategic Consolidation in the Accounting Sector
UHY has significantly bolstered its presence in the United States accounting market through the acquisition of RBT CPAs, a firm based in New York’s Hudson Valley. This move marks the latest in a series of strategic expansions for UHY, which has completed more than 15 similar combinations in recent years to broaden its geographic and service-based reach.
The acquisition integrates RBT CPAs—a firm with over 55 years of history—into the UHY organizational structure. All operations will now move forward under the UHY brand. The deal adds 23 partners and more than 175 professionals to UHY’s national workforce.
Expanding Wealth Management Capabilities
A significant component of the integration involves the expansion of UHY’s wealth management division. Following the inclusion of the RBT wealth management team, UHY’s registered investment advisor (RIA) arm, launched less than a year ago, will now oversee approximately $1.5 billion in assets under management.
RBT CPAs brings a diverse service portfolio to the parent firm, including:
- Audit and assurance services
- Tax planning and preparation
- Consulting and transaction advisory services
- Wealth management for corporate, individual, and non-profit clients
Rationale for the Integration
Michael A. Turturro, managing partner and CEO of RBT CPAs, noted that the alignment was driven by shared values regarding client-centric service and middle-market focus. “This combination will give our team access to expanded resources and capabilities while allowing us to continue doing what we do best,” Turturro stated.
UHY CEO Steven McCarty emphasized the importance of cultural and operational alignment in the firm’s growth strategy. “As UHY continues our growth trajectory, we are actively aligning with firms that share our values, especially when it comes to delivering next-level client service,” McCarty said. He highlighted that the firm intends to integrate its proprietary international network and advanced technologies into the newly acquired operations to enhance service delivery.
A Pattern of Growth
This transaction follows a broader trend of expansion for UHY, which has previously entered or strengthened its position in markets such as South Carolina, Tennessee, and Ohio. Earlier this year, in February, the firm acquired Missouri-based Larson Tax Partners to increase its footprint in the Midwest. According to reports from the International Accounting Bulletin, these systematic acquisitions reflect the firm’s ongoing effort to scale its national resources while maintaining a localized approach to relationship-driven advisory services.
