Herbein + Company, Inc. (Herbein), a leading Mid Atlantic regional certified public accounting firm, announces the acquisition, effective October 1, of Tubiello-Harr & Associates, LLC, a Greater Lehigh Valley certified public accounting firm.
This merger is part of Herbein’s dynamic growth plan and is based on strengthening a growing geographic market. In fact, Herbein was recently named one of the Lehigh Valley’s 2021 Fastest Growing Companies awards winners. This announcement follows the July 1, 2021 merger of Mosteller & Associates which bolstered Herbein’s service offerings.
Founded in 2011, the Coopersburg, PA-based Tubiello-Harr & Associates, LLC provides advisory and consulting services to a wide-ranging client base in the region. All Tubiello-Harr & Associates, LLC professionals will join Herbein, and continue practicing from their current location, complemented by the firm’s additional resources.
While Herbein and Financial Outsourcing Solutions (FOS), a Herbein division, are also located in the area, Herbein Managing Partner David W. Stonesifer said that the firm has wanted to expand its presence in the region for some time.
“We respect the success of Tubiello-Harr & Associates, LLC – and for our team, this is a particularly exciting transaction. Our firms share a commitment to building long-term client relationships, and we are equally focused on ensuring our clients succeed with confidence. As Greater Lehigh Valley small and mid-sized businesses navigate the post-pandemic period, we are very pleased that our firm will have such a strong new team in the area.”
Herbein Chief Financial Officer Joseph J. Witkowski said “This merger reflects our focus on the Greater Lehigh Valley – and our belief that Tubiello-Harr & Associates, LLC is very well positioned to help us increase our visibility in the region.”
Terms of the agreement have not been made public. However, the strategy behind the merger is two-fold for Loretta Tubiello-Harr, founder, and principal: “As our business clients grow, they require comprehensive support that we can leverage from our combination with Herbein. Our individual clients will benefit from Herbein’s additional depth in areas such as estates, retirement, education, income tax, trusts, investments and other areas of personal finance. Another important aspect of this merger is to provide a succession plan for our clients. Kim Vandergrift and I plan to maintain our client relationships, and this transaction assures continued exceptional client service for all our clients into the foreseeable future.” Loretta Tubiello-Harr will become a Senior Consultant, and Kim Vandergrift will join Herbein as a partner.
As one of the most well-respected advisory CPA firms in the Greater Lehigh Valley, Herbein looks for like-minded firms and professionals who can help it build on its strategic plan.
“For close to 50 years, Herbein has been very strategic about who we invite to join our team,” said Stonesifer. “The Tubiello-Harr team is exactly what we look for to join the Herbein family.”
“Ensuring there is alignment in cultures is vitally important when you’re making a move as significant as this. The fit had to be right – and that’s why we couldn’t be more excited about joining forces with Herbein,” Tubiello-Harr said.
While Tubiello-Harr & Associates, LLC will remain in its current Coopersburg location for now, Herbein intends to eventually centralize its Lehigh Valley operations in its existing location at 7010 Snowdrift Road, Suite 400, Allentown, PA 18106.