Beltway Buyer: Raffa acquires Friedkin

Combined, the firms will have 16 partners and 250 employees.

Wahington, D.C.-based Raffa — which handles over 500, mostly nonprofit, clients — is absorbing Rockville, Md.-based Friedkin Matrone & Horn. Freidkin, a 35-year-old women-owned CPA firm,  employs about 30 people.

“By expanding our ability to help businesses and individuals better manage and leverage their finances through sophisticated tax planning, we believe the firm can have a larger, more significant impact on our work in the community,” said CEO Tom Raffa, who established the namesake firm in 1984.

FREE DOWNLOAD: Raffa recently held an “economic summit” for its nonprofit clients. Download the presentation here (PDF, 136 pages)