HartfordBusiness.com | March 22, 2021 | Hartford Business Journal 23
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RSM's New Haven
office leader
Susan Martinelli
said in an
interview.
Area
accountants who
have competed
with blumshapiro
predict CLA's Connecticut entry will
mean the firm takes greater aim at
various larger national accounting
firms in the region.
Competitors also predict that
smaller firms may try to pick off
some of blumshapiro's clients, at
least over time, similar to how
community banks try to win new
clients after a big bank buys a
competitor.
"If companies need the huge
accounting firms, they can
find them, they are all here,"
said Michael Sabol, partner at
Glastonbury-based MahoneySabol,
whose firm has competed with
blumshapiro and respects its work.
"They are an excellent firm," Sabol
said. "They certainly have the
largest municipal practice in the
state and they have an enormous
automobile [dealership] practice."
CLA officials said they welcome
the competition and only intend to
build their business in this region —
not shed clients.
Fee structures will remain
the same, and accounts will be
serviced by the same local CPAs,
Sue Martinelli
Joseph Kask, former CEO of blumshapiro, is now managing partner of CLA.
PHOTO | CONTRIBUTED
