It’s Official…The Name is: ParenteBeard

Originally announced in late July 2009, the merger of two IPA Top 100 firms, Reading, Pa.-based Beard Miller Company (bmc) (FY08 net revenue of $75.2 million) and Philadelphia-based Parente Randolph (FY08 net revenue of $74.3 million) has been finalized.

The name of the firm created by the merger of Parente Randolph and Beard Miller Co. will be ParenteBeard.

“Our new firm will have even deeper resources and broader areas of expertise to serve our clients, including more industry-specific expertise, specialized tax consulting and other business advisory resources,” bmc Chairman and CEO Lamar Stoltzfus says.

Collectively, the combined firm will have 170-plus partners and more than 1,200 team members throughout Pennsylvania, New York, New Jersey, Maryland, Delaware and Texas. Reading, Pa.-based Beard Miller Chairman and CEO Lamar Stoltzfus will serve as chairman of the combined firm and Parente Randolph Chairman and CEO Robert J. Ciaruffoli will serve as CEO. The new firm will be based in Parente’s headquarters city, Philadelphia, and management of the firm will be decentralized into eight regions.