The milestone follows the launch of the firm’s Corporate Finance unit in 2024
Rochester, N.Y., March 31, 2025 – The investment banking team at The Bonadio Group, a nationally ranked IPA Top 50 CPA firm, has officially achieved $1 billion in closed merger & acquisition (M&A) transactions. The milestone achievement follows a pivotal year for the firm’s Business Advisory and Consulting practice, having launched its Corporate Finance business unit in June 2024. The creation of the business unit unified its investment banking, transaction advisory and business valuation practices to provide enhanced services to clients and increased opportunities for its people.
M&A transactions have been on a rebound since 2023, with U.S. deals rising steadily in 2024 and projected to continue to grow in 2025. In the past couple of years, the market has experienced stabilizing, and then declining, interest rates, a continued abundance of private equity capital, and an aging baby boomer generation, all of which are contributing to the momentum of M&A activity.
“Achieving the $1B milestone is a testament to The Bonadio Group’s commitment to growth and excellence, and an unwavering dedication to helping our clients achieve their goals,” said Jeff Lewis, Corporate Finance Leader, The Bonadio Group. “The formation of our Corporate Finance team last year has allowed us to more closely align our investment banking, transaction advisory, and valuation services to facilitate more opportunities for liquidity, growth, and succession planning for the businesses that we work with. We look forward to continuing to enhance the ways we collaborate across our teams to better service existing and future clients.”
A number of notable sell-side transactions contributed to this monumental achievement by the firm’s Corporate Finance team, including the acquisition of Silicon Carbide Products by Carborundum Universal Limited (CUMI), the acquisition of Mel’s Electric by Helix Traffic Solutions, and the acquisition of busHive by Transit Technologies. Under The Bonadio Group’s advisement, the owners of these businesses achieved their exit goals while ensuring their companies remained on a path of continued growth under new ownership.
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About The Bonadio Group
The Bonadio Group is a nationally ranked IPA Top 50 CPA firm and the largest independent provider of accounting, assurance, tax, and consulting and advisory services in Upstate New York. The firm maintains several offices across the country, with team members operating globally. Its expert team of industry-leading professionals serve as trusted advisors to clients of all sizes, helping businesses and organizations reach their short- and long-term goals. The Bonadio Group is committed to delivering top-tier client service, providing continuous community support and creating an unparalleled employee experience. For more information, visit www.bonadio.com.