Join 250,000+
professionals today
Add Insights to your inbox - get the latest
professional news for free.
SAX Acquires Maddaloni Nydick & Keenan PC, Marking First Post-Cobepa Transaction
Join our 250K+ subscribers
Join our 250K+ subscribers
Subscribe15 AUG 2025 / M&A UPDATES
Parsippany, New Jersey-based accounting and advisory firm SAX has acquired Maddaloni Nydick & Keenan PC (MNK), strengthening its mission to offer comprehensive guidance to business owners and high-net-worth individuals. This marks SAX's first acquisition following a recent investment from Cobepa, part of a strategic growth plan across the East Coast, and increases the firm's size to 70 partners and 363 employees across five offices.
SAX, a Parsippany, N.J.-based accounting and advisory firm, has acquired Maddaloni Nydick & Keenan PC (MNK), effective November 15. The acquisition expands SAX’s service offerings and reinforces its mission to provide comprehensive guidance to business owners, entrepreneurs, and high-net-worth individuals.
Founded in 1989, MNK has built a reputation for client-focused service and consistent growth, fueled by referrals and a strong commitment to staff development. The integration adds decades of expertise to SAX’s platform while ensuring MNK’s legacy of quality and client care continues.
The transaction is SAX’s first following its recent minority investment from Cobepa, an independent investment company with offices in Brussels and New York. This partnership is accelerating SAX’s strategic growth across the East Coast, enhancing innovation, and broadening client service capabilities.
With the addition of MNK, SAX now includes 70 partners and 363 employees across five offices in New Jersey, New York, and Mumbai, India, as well as a remote workforce in 25 U.S. states. CEO Joseph Damiano highlighted the cultural alignment between the firms, noting their shared values of integrity, excellence, and client dedication. MNK managing partners Steve Nydick and Michael Maddaloni emphasized the expanded opportunities for clients and employees, while affirming the continuation of the personalized relationships that have defined their firm for more than 35 years.
Until next time…
Don’t forget to share this story on LinkedIn, X and Facebook
Subscribe now for $199 and get unlimited access to MYCPE ONE, from CPE credits to insights Magazine
📢MYCPE ONE Insights has a newsletter on LinkedIn as well! If you want the sharpest analysis of all accounting and finance news without the jargon, Insights is the place to be! Click Here to Join
You’ve reached the 3 free-content piece limit. Unlock unlimited access to all News & CPE resources.
Subscribe Today.
Already have an account?
Sign In
-(2)-1776076832.webp)
-1775654678.webp)
