Sansiveri Expands Presence with Acquisition of Nelson & Co., CPA, LTD in New Bedford, MA

By October 25, 2024 Uncategorized

NEW BEDFORD, MA — November 1, 2024 — Sansiveri, Kimball & Co., LLP (Sansiveri), a leading accounting and advisory firm headquartered in Providence, RI, is thrilled to announce the opening of a second location in New Bedford through its acquisition of Nelson & Co., CPA, LTD, a respected New Bedford-based firm led by sole practitioner Richard “Rick” Nelson. Effective October 1, 2024, this acquisition represents an exciting expansion for Sansiveri into the South Coast region of Massachusetts, broadening its geographic footprint while maintaining its long-standing presence in Providence and enhancing the services available to local businesses.

“We are thrilled to welcome Rick Nelson and his clients to the Sansiveri family,” said Jason DaPonte, Managing Partner of Sansiveri. “This acquisition aligns with our firm’s long-term growth strategy of remaining independent while expanding into new markets. We look forward to bringing our personalized client service approach to the New Bedford community and supporting the needs of family-owned businesses in the region.”

Rick Nelson, who has been providing trusted accounting services to businesses and individuals in the New Bedford area for over 40 years, will continue to work with his clients as part of the Sansiveri team. Through this acquisition, Nelson’s clients will benefit from expanded service offerings and a larger team with diverse expertise, while Rick transitions into retirement at his own pace.

Expanding into New Markets with Local Control

This acquisition strengthens Sansiveri’s presence in the South Coast market while maintaining its commitment to being locally owned and controlled. As a firm that primarily works with private and family-owned businesses, Sansiveri will bring its dedication to personalized, high-quality service to a new market that has traditionally been underserved by firms of this size and capability.

“This acquisition provides new opportunities for both our clients and team members,” added DaPonte. “Rick’s clients will now have access to a broader array of services, including audit, tax, CAS, and advisory solutions, while maintaining the same level of service they have come to expect from Nelson & Co.”

Opportunities for Growth and Professional Development

Sansiveri’s acquisition of Nelson & Co. not only enhances its services but also opens doors for growth within the firm. “This acquisition will help us attract top talent in the South Coast region while providing our current employees with new opportunities for professional development,” said DaPonte. “We’re excited about the long-term growth this move brings to our firm and our people.”

Looking to the Future

Sansiveri is dedicated to maintaining the high level of client service that has been the hallmark of Nelson & Co. The firm is committed to ensuring a seamless transition for Rick’s clients while continuing to deliver exceptional service. Sansiveri’s expanded presence in the South Coast market underscores its position as a leading accounting and advisory firm, and its focus on supporting the success of businesses in the region.

For more information about Sansiveri and its services, please visit sansiveri.com.

Sansiveri is a leading accounting and advisory firm based in Providence, Rhode Island. With a commitment to excellence and a client-centric approach, the firm provides a wide range of services including audit, tax, and advisory solutions to clients across various industries. Established in 1975, Sansiveri has built a reputation for its expertise, integrity, and dedication to client success.

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