M&A roundup: Dean Dorton and Tronconi Segarra expand

Accounting

Dean Dorton

Courtesy of Dean Dorton Allen Ford

Details: Dean Dorton Allen Ford PLLC is expanding its footprint in Raleigh, North Carolina, by merging with Penny Longobardo & Company, P.A., effective Oct. 1.

Financial terms were not disclosed. Dean Dorton, based in Lexington, Kentucky, ranked No. 11 on Accounting Today’s Regional Leaders list for the Top Firms in the Southeast. The firm earned $38.92 million in annual revenue.

Dean Dorton has 281 employees across three offices in Raleigh, Lexington, and Louisville, Kentucky. PLC has two partners, three staffers and two administrative team members joining the firm.

“The addition of Penny Longobardo and their team helps us to better serve our growing practice in Raleigh,” said Dean Dorton president and CEO David Bundy in a statement Friday. “We are enthusiastic about continuing the high level of service and expertise Penny Longobardo has provided its notable client base while bringing additional services to the market such as data analytics, cybersecurity, health care consulting services and much more.”

In July, Dean Dorton acquired Breakpoint Technology, a data analytics and technology collaboration practice based in Louisville, Kentucky.

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