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MahoneySabol Expands Regional Presence Through Merger of Giamalis and Company

byMahoneySabol inBlog / Articles, Press and Media posted onJanuary 19, 2024
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GLASTONBURY, CONN., (January 19, 2024) – MahoneySabol, a regional certified public accounting firm based in Glastonbury, Connecticut, is pleased to announce the successful merger of Giamalis and Company, a prominent Glastonbury accounting firm known for its expertise and client-focused approach. This strategic move is part of MahoneySabol’s ongoing commitment to enhancing its service offerings and expanding its regional presence.

Pictured above, from left to right: Michael Sabol, Stephen Giamalis, James Mahoney

With this merger, MahoneySabol is broadening its client base and welcoming nine experienced professionals to its talented team. Founded in 1990, the firm’s 60-plus accounting professionals and administrative support staff serve clients throughout the region. By incorporating the strengths of Giamalis and Company’s talented professionals, MahoneySabol aims to further elevate its capabilities, offering comprehensive financial and accounting services tailored to the unique needs of each client. The combined firm will continue to operate as MahoneySabol & Company, LLP.

“This merger is a significant milestone for MahoneySabol as it aligns with our growth strategy and reinforces our commitment to providing high-quality services to our clients,” said James Mahoney, CPA and Managing Partner at MahoneySabol. “Giamalis and Company has a stellar reputation, and we are excited to welcome their team into our organization.”

Clients of both firms can expect a seamless transition as MahoneySabol works diligently to integrate the operations, ensuring continuity of service and the highest standards of professionalism. The combined resources and expertise will enable MahoneySabol to continue to offer a broad range of services, including tax planning, audit and assurance, business advisory, and more.

“While it’s been our privilege to serve our clients for the past 29 years, given our continued growth, we feel that a larger organization will allow us to provide a wider array of services and greater depth to our clients. Additionally, the Firm’s membership in the BDO Alliance USA provides national and international expertise through the international BDO network,” said Stephen Giamalis, former Principal at Giamalis and Company. Upon the merger, Giamalis is now a Partner at MahoneySabol.

Giamalis and Company’s clients, primarily in the restaurant, real estate, automotive dealership and construction industries, will benefit from MahoneySabol’s extensive industry knowledge, advanced technology infrastructure, and a team of seasoned professionals dedicated to delivering tailored solutions to meet their accounting and financial goals. The merger is effective January 15, 2024, and MahoneySabol looks forward to the continued success of the combined firm.

“We are thrilled to welcome the talented professionals from Giamalis and Company into the MahoneySabol family. This strategic merger aligns with our vision of expanding our capabilities and delivering exceptional value to our clients,” said Michael Sabol, CPA and Partner at MahoneySabol.

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