The Bonadio Group Heads to Downtown Manhattan

Pittsford, N.Y.-based The Bonadio Group (FY11 net revenue of $ 41.9 million) has opened a satellite office in downtown Manhattan, according to reports.

The firm plans to lease about 1,000 square feet for the handful of Bonadio employees who travel weekly to New York to meet with clients, a spokesperson said. Officials have identified certain growth markets in Manhattan, including business appraisal, cost segregation, health care, nonprofit and constructions services.

The firm believes its construction division is “poised to flourish downstate” due to the large concentration of construction firms, where it is already looking for opportunities to complete an acquisition. No time line has been set for any potential acquisition, the spokesperson said.