US accounting firm Aprio has acquired Massachusetts-based public accounting practice Waldron H. Rand & Company for an undisclosed sum, in a move that extends its integrated service offering across the Greater Boston market, according to the International Accounting Bulletin. The deal is the latest in a series of acquisitions by Aprio as consolidation among mid-tier accounting firms continues to accelerate across North America.

The International Accounting Bulletin reported that Waldron H. Rand & Company was founded in 1912 and has more than 70 professionals and 12 partners. The acquisition also brings in Rand & Sweet, a technology-enabled client accounting and advisory services practice co-founded by Mike Sweet that serves owner-managed businesses.

As part of the transaction, Aprio gains legal capabilities through a separate alternative practice structure led by Beth Grossman, broadening the combined firm's offering beyond traditional accounting and advisory services.

Rick Dlugasch, managing shareholder at Waldron H. Rand, said: "Joining Aprio is an incredible opportunity for our clients and team. Our talented team has built an incredibly special firm, and now they have access to resources, career paths and opportunities that come with being part of a firm at Aprio's scale. And for our clients, it means we can deliver expanded capabilities to help them grow."

Aprio CEO Richard Kopelman said the firm was proud to carry forward a legacy that helped shape the accounting profession in the United States, and added: "Together, we are bringing a new kind of firm to Greater Boston, one where clients experience accounting, advisory, audit, tax, wealth and legal fully integrated into one team. Aprio is building this kind of firm across the north-east, and Greater Boston is a cornerstone."

With staff based in Needham and Dedham, Aprio plans to extend its specialty tax, wealth management and global advisory services across Massachusetts and the wider New England region.

The acquisition follows Aprio's recent purchase of Pennsylvania-based accounting and advisory practice Isdaner & Company, reinforcing the firm's strategy of building scale through targeted regional acquisitions. The pattern mirrors consolidation trends increasingly visible across the profession globally, as firms seek to broaden service lines and compete for talent and clients at greater scale.

Access the full report on Aprio's acquisition of Waldron H. Rand & Company.