SYRACUSE — Peters & Associates, CPAs, P.C., a Syracuse–based accounting firm, has recently expanded its footprint in the Utica market through a merger with Moore & Hart, CPAs.
The Syracuse firm didn’t release any financial terms of the merger agreement, which became official on Oct. 16.
Peters & Associates has operated a satellite office in Utica for more than 30 years, but will now locate at the Moore & Hart offices in downtown Utica and Old Forge.
Besides Syracuse, Utica, and Old Forge, Peters & Associates also has an office in New York City.
Peters & Associates will retain all nine employees from the Moore & Hart staff as part of the combined firm, the firm said in response to a CNYBJ follow-up email.
“They’re very complementary with us,” Mark Peters, president of Peters & Associates, said in a news release. “We specialize in local businesses that want hands-on service from a firm that concentrates on them. Clients want the same individual handling their accounting and taxes each year. However, since we employ 20 people, we have the expertise to handle any complex issues that may arise.”
Before the merger, Peters & Associates employed 10 people. The firm has since hired an additional accountant for the Utica office, according to its email response.
Moore & Hart’s partners — Dennis Hart, David Upcraft, and James Hoyer — will remain with the company but aren’t serving as partners, according to the email.