Grassi & Co. Acquires Bernstein and Seidman

New York-based Grassi & Co. (FY16 net revenue of $53 million) has acquired Bernstein & Seidman of Scarsdale, N.Y.

Robert Bernstein, who brings decades of experience, will join Grassi & Co. as a partner. Over the past 30 years, the firm has accrued over 250 clients in various industries including retail sales, import/export, food, pharmaceuticals, real estate, and notably, the automotive industry.

“As the automotive industry faces never-ending challenges on standards of leasing and revenue recognition, we look forward to partnering with a firm like Bernstein and Seidman, whose commitment to those in the automotive industry is unparalleled,” says Louis Grassi, Grassi & Co. MP and CEO. “Merging Bernstein into our company allows us to grow our accounting services practice and expand our geographical footprint.”

Bernstein says, “We pride ourselves on our hands-on approach with clients and ensure that when we are engaged on a transaction, our client’s business needs are structured to take advantage of the various tax incentives available. Partnering with a firm like Grassi & Co. will aid us in being able to offer our clients the products and services needed to help them grow their business and compete in today’s changing landscape.