BlumShapiro Merges With Needel, Welch & Stone

Merger expands New England's largest regional accounting, tax and business consulting firm based in CT. End Quote

Boston, MA-NH (1888PressRelease) January 19, 2011 - BlumShapiro, New England's largest regional accounting, tax and business consulting firm based in Connecticut, has expanded and strengthened its capabilities through the announced merger with the Rockland, MA-based accounting, tax and business consulting firm Needel, Welch & Stone, P.C. (NWS). The merger became official on January 1, 2011.

BlumShapiro has offices in West Hartford, Shelton and Westport, Connecticut and serves clients throughout New England. BlumShapiro was recently ranked 65th of the top accounting firms in America and ranked the number one accounting firm to work for in the U.S. by Accounting Today. BlumShapiro serves as business advisors for today's leading middle market companies, non-profit organizations and government entities, with groups dedicated to serving the government, manufacturing, distribution, retail, construction, non-profit, education, automotive, employee benefits and healthcare industries.

Since 1964, NWS has been a trusted business partner of privately owned businesses, non-profit organizations and individuals, offering a full range of audit, accounting, tax and business advisory services to a diverse client base located in and around the Boston area, the South Shore and Cape Cod. NWS's longtime success is rooted in its accounting expertise, its diverse array of services and in placing a priority on responsiveness and communication.

"We are pleased to have NWS, a highly respected and renowned accounting firm, join our team. This new alliance benefits and brings value to the client base of both companies through our expertise and combined knowledge in accounting, tax and business consulting," Carl Johnson, managing partner of BlumShapiro, said. "Both firms share the culture of personalized service that our clients have come to expect from us, as well as a commitment to the communities in which we live and work. That culture and commitment will be maintained and strengthened with this merger."

"NWS has been a vital part of the community in Eastern Massachusetts for 47 years, and we are proud of our success and our fine record of client service," said Kevin White, Office Managing Partner of the NWS Rockland, MA office. "Together, the combined firms are able to offer the resources and specialties of a large firm coupled with the responsiveness of a local firm."

"We are committed to making this a seamless transition, and NWS clients will continue to work with the same people and receive the same client-service approach," Kevin White added. "This merger strengthens our ability to assist our clients with achieving success."

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