By Joshua Burd
Sax LLP has acquired a New York-based accounting firm as part of a move to expand its footprint beyond its home state of New Jersey.
The Clifton-based accounting, tax and advisory firm announced Monday that it has merged with James D. Miller & Co. LLP, effective Aug. 7. The newly combined firm will operate under the Sax banner, the company said, noting that James D. Miller & Co. serves businesses, individuals, trusts and estates and not-for-profit entities.
“The James D. Miller & Co. team brings exceptional skill, expertise and experience to businesses and families and we believe having them join Sax will benefit our entire client base and team greatly,” said Joseph A. Damiano, managing partner of Sax LLP. “Our firms share common synergies and complementary strengths that will enhance our role as our clients’ (No. 1) adviser, and we are thrilled with our new partnership.”
James D. Miller & Co., a 115-year-old firm, has worked with families spanning multiple generations. In announcing the merger, Sax said both firms have been driven by similar missions focused on the growth of their clients.
“Merging with Sax provides a great opportunity to bring additional knowledge and resources to those we serve,” said Erik A. Hanson, partner with James D. Miller & Co. “We feel confident that this alliance with Sax will thrive thanks to our similar service philosophies, expertise and commitment to our clients’ lifelong business and personal financial goals.”
As a result of the partnership, Sax is now a 34-partner firm with 185 total employees and four offices. That includes its two New Jersey offices in Clifton and Pennington and two in New York City, at 350 Fifth Ave. and 551 Madison Ave.
“Joining forces with Sax is an exciting time for our firm and we believe this alliance will benefit our clients greatly,” said Randal M. Natoli, partner-in-charge of James D. Miller’s New York City office. “Sax has demonstrated healthy growth during its 60-plus years of existence, and we look forward to further deepening our commitment and capabilities for our clients through this strategic partnership.”