Drucker & Scaccetti Merges with Armanino

Armanino LLP, one of the 20 largest accounting and business consulting firms in the U.S., announced that the partners and employees of Philadelphia-based tax firm Drucker & Scaccetti will join Armanino effective July 1, 2022. Drucker & Scaccetti will carry the Armanino LLP name and will be adding its downtown Philadelphia and Scranton, Pennsylvania offices to Armanino as the firm continues to expand its presence nationally and on the East Coast. Armanino opened its New York office in 2021 and this expansion represents a commitment to continue investment across the country.

“Drucker & Scaccetti has its finger on the pulse of the market, understands the importance of being ahead of trends and has a 30-year track record of bringing strategy to all their engagements, demonstrating both the curiosity and tenacity anyone would want from an accounting partner,” said Matt Armanino, CEO of Armanino LLP. “They share our values when it comes to putting clients and people first and finding the best solutions to help organizations, making them the perfect fit to expand Armanino’s presence into the region.”

Complementing Drucker & Scaccetti’s extensive tax consulting services, Armanino brings a plethora of specialty tax practices, including state and local tax, use tax, R&D tax credits, international tax and more. Clients will also have access to Armanino’s robust audit and risk assurance services that includes everything from financial statements and Sarbanes-Oxley compliance audits to SOC 1 and SOC 2 reports, data privacy and cybersecurity.

“Since our founding, we’ve prided ourselves on our passionate advocacy on behalf of our clients, and they are who inspire us to constantly ask how we can find better ways to do things and bring forward the best solutions,” said Geoffrey Mesko, partner and board chair at Drucker & Scaccetti. “Armanino shares our drive and vision and has the capabilities to help us best serve our clients with a comprehensive suite of services backed by deep industry knowledge and a focus on client goals.”

With the addition of Armanino’s wide-ranging capabilities in consulting, Drucker & Scaccetti clients will have access to a new range of transformative capabilities and software addressing business challenges ranging from outsourced accounting to digital transformation.

“Whether we’re helping a client with accounting, human resources or CFO-specific challenges, or whether we’re helping them evolve their technology systems and software, we want to take that journey together with clients and bring them more power and depth. That’s why we’re excited about what Armanino means for us and for the businesses we serve,” said Rosalind Sutch, chief growth officer and partner at Drucker & Scaccetti.

Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the combination, commented: “Armanino is one of the country’s most admired and respected firms. Their innovation, technology, passion for client excellence, leadership, talent and culture are the ‘gold standard’ that other firms try to emulate. Drucker & Scaccetti is known as Philadelphia’s ‘go-to’ firm when it comes to sophisticated high net worth tax clients and owner operated businesses. They have become a ‘melting pot’ for young, entrepreneurial talent and are known in the marketplace for the brilliant tax and business advice they provide to their clients, making them a perfect fit to help drive Armanino’s continued national expansion.”

Armanino’s strong growth is anchored in its pursuit of expanded solutions, technology focus and specialized expertise. The firm has been listed on Inside Public Accounting’s Best of the Best Managed Firms list for 19 out of the last 20 years and is regularly featured in best places to work lists. Armanino is a Certified B Corporation®, committed to balancing people and purpose with profits and helping other organizations do the same.

This transaction is scheduled to close on July 1, 2022, subject to customary closing conditions.

Geoffrey Mesko, CPA, MT, Named Board Chair at Drucker & Scaccetti

Drucker & Scaccetti, a CPA and advisory firm based in Philadelphia, PA, and dedicated to providing specialized tax, business, and financial consulting to families and their closely held and entrepreneurially driven businesses, has appointed its next generation of leadership to take the firm beyond its founders, effective January 1, 2022. For the first time in its 31-year history, the firm’s leadership will consist of all non-founding shareholders and, uniquely, an all-women C-suite.

“From our inception in 1990, the goal of the founders has been to offer to our up-and-coming team the same opportunities that we were provided,” states CEO & Co-founder Jane Scaccetti, “which is a purpose of building a legacy and continuing Drucker & Scaccetti into the future. I’m incredibly excited and positive about this next chapter in our firm’s future.”

The newly appointed Board Chair, Geoff Mesko, will serve as the liaison between the board and the chief business officers. He will be responsible for overseeing firm vision, strategic planning, external communication, and community interface, while continuing client responsibilities. Mesko joined Drucker & Scaccetti as an intern in 2004 and he became a shareholder in January 2012. Mesko has extensive tax experience in serving private clients and their family enterprises while bringing a strategic business acumen to complement Drucker & Scaccetti’s tax focus.   Mesko serves on several educational and civic boards in Philadelphia and Scranton and hails from a multi-generational family business.  

“The new leadership team will build upon the legacies of Drucker & Scaccetti caring about the professional integrity of our services, our team members, and the clients we serve in an advisory role. We are very excited about this next chapter of Drucker & Scaccetti’s future and the impactful work we will do together,” said Mesko.