CPA Firm SobelCo Acquired by CLA

On Feb 1, 2023

CliftonLarsonAllen LLP (CLA), the eighth largest accounting firm in the United States with more than 8,500 employees in nearly 130 locations throughout the US, has acquired Livingston-based SobelCo.

Originally founded in Newark in 1956, SobelCo’s 200+ team members will continue to serve clients locally and nationally from locations in Livingston and Woodcliff Lake. With the acquisition, CLA now has a team of more than 580 people across New Jersey, New York, and Pennsylvania.

According to Alan Sobel, managing member, SobelCo, “We chose CLA because of our shared client promise and core values. In joining CLA, we’re gaining the capacity to expand our team and strengthen our commitment to understand the challenges our clients face and deliver targeted business strategies to address those challenges on both a personal and professional level. CLA is a firm that is built to last, bringing innovative strategies to client service and a culture that focuses on the wellness of our colleagues, who are treated as family members.”

Scott Engelbrecht, chief geographic officer, CLA, comments, “SobelCo is recognized as a leader in the community offering a broad range of valuable services. The team’s deep industry knowledge and multi-disciplinary approach helps its keep clients ahead of the curve. I’m excited to welcome the SobelCo team members to the CLA family as we continue to expand our reach into New Jersey, New York, and surrounding areas.”

Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the combination commented, “This deal is another testimonial to CLA and its continued success, strong growth, and intentional values. SobelCo would easily fit in the category of New Jersey’s ‘Best of the Best’ CPA firms in the state, with its great young talent, great leadership, and very impressive client base. Because of this, the SobelCo team was much sought after by many of the regional and national firms in the Northeast. They chose CLA based on cultural and strategic fit.”

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