BlumShapiro Gains Presence In Massachusetts

West Hartford, Conn.-based BlumShapiro (FY09 net revenue of $45 million) expanded its presence with the acquisition of Rockland, Mass.-based Needel, Welch & Stone.

“Our objective is to use that as an entree into the Massachusetts market with the intent of expanding it over the coming years,” says Thomas Devitto, BlumShapiro’s chief marketing officer. “We’ve had clients in New England for some time, and Massachusetts has become a very active market for us, so it made sense for us to expand into that area.”

BlumShapiro has 188 employees at its West Hartford headquarters and another 70 workers at its Shelton office, and will keep NWS’s 30 employees in Rockland, Devitto says.