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Sax Adds SCL Consulting in Maryland
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Subscribe21 NOV 2025 / M&A UPDATES
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Top 100 accounting firm Sax has acquired SCL Consulting, a Maryland-based financial consulting firm specialising in client accounting services. This move expands Sax's footprint in the Mid-Atlantic region, strengthens one of the fastest-growing service lines and follows a minority investment from private equity firm Cobepa.
Top 100 accounting firm Sax has acquired SCL Consulting, a Columbia, MD-based financial consulting firm specializing in client accounting services (CAS), effective Nov. 14. Financial terms were not disclosed.
The transaction marks Sax’s second acquisition since receiving a minority investment from global private equity firm Cobepa last summer and follows the firm’s recently announced deal to acquire Maddaloni, Nydick & Keenan in New Jersey. The addition of SCL strengthens one of Sax’s fastest-growing service lines and expands its presence in the Mid-Atlantic region.
Founded in 2014 by Shane Lease, SCL Consulting is widely recognized for delivering tailored CAS and advisory solutions to a broad client base. “We’re thrilled to welcome Shane and the SCL Consulting team,” said Joseph Damiano, CEO of Sax. “Combining their CAS expertise with our established practice enhances our ability to deliver exceptional results and drive growth.”
Lease said joining Sax represents a natural evolution for SCL. “Sax’s strength in CAS, collaborative culture, and focus on innovation will allow us to serve clients with even greater depth and efficiency.”
Following the integration, Sax now includes 70 partners and 389 employees across offices in New Jersey, New York, Mumbai and a remote workforce spanning 30 U.S. states. The firm operates under an alternative practice structure, with Sax LLP providing attest services and Sax Advisory Group delivering tax and business consulting.
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