NEW BRITAIN – Mugford & DiBella, LLC, has expanded its tax, accounting and advisory services to business clients through a recent acquisition agreement with Fasulo & Albini CPAs in Plantsville.
“We are very pleased with this acquisition and how closely aligned our values, professionalism and commitment to customer service is,” said Brian DiBella, managing partner of Mugford & DiBella regarding the firms’ collaboration. “We’re incorporating their clients into our practice and basically growing our firm helping serve more clients.”
Fasulo & Albini CPAs will retain and continue serving its individual clients as it joins the team at Mugford & DiBella. Mugford & DiBella will expand its client base of businesses and continue to serve the accounting needs of its individual clients as well.
“With the acquisition we added three people,” DiBella said. “We have four CPA’s, two paraprofessionals and a couple of administrative people.”
Michael Fasulo, CPA, Marlene Albini, CPA, and Tracey Mindlin, administrative assistant, has joined the staff of Mugford & DiBella. Both will still have an office in Plantsville.
“Ultimately Mike and Marlene want, like any of us, to retire,” DiBella said. “We don’t want to work forever, so one way to retire is to have another firm come in and take over, buy out their book of business, buy out their clients and so that way they can retire, but they know their clients are still being serviced. Mike and Marlene are going to eventually retire and slow down, but they have a good client base, and they want to make sure they’re taken care of.”
The acquisition took a few months to finalize.
“I’ve been doing some searching looking for businesses to acquire, small CPA firms to acquire, and we located this firm. We reached out to them in the beginning of the year, started talking to them and just kind of synced and did our due diligence,” DiBella said.
The official closing of the acquisition was in late July and Mugford & DiBella is looking to acquire other CPA firms in the near future.
“This acquisition helps us serve more clients and be a stronger member of the community,” DiBella said. “We look forward to working closely with all of our business clients through what continues to be a challenging and volatile economy.”
Established in 1942, the company started as Mugford & Company and now is Mugford & DiBella, LLC. It offers a broad range of services for business owners, executives and independent professionals.
“Individually, maybe you need help with your income tax return, so you hire us and we prepare your income tax return,” DiBella said. “You start a business and you need an accountant to help you with bookkeeping sales tax compliance, payroll tax compliance, income tax compliance, and you need to file tax returns for your business, we help with all that. We do consulting too.”
Mugford & DiBella, LLC is located at 205 W Main St and can be contacted at 860-223-2701
To learn more about Mugford & DiBella, LLC visit mugforddibellallc.com.