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Why UHY Is Turning Some Acquisition Opportunities Down

Why UHY Is Turning Some Acquisition Opportunities Down

Change is coming to the accounting industry. 

It's why Howard Foote, managing partner of UHY's Albany office, said the international firm is looking to grow in New York by acquisition. But Foote said it has to be the right kind of acquisition that will bring in fresh talent.

UHY has around 60 CPAs in the Capital Region and is the largest CPA firm in the area. The international accounting firm got its U.S. start in Albany as Urbach Kahn & Werlin. Its clients today are focused in manufacturing and technology, closely held businesses and financial services.

"Many firms have come to us talking about culture and in an interest of. trying to find a way to get better people, to provide more services, to provide support for the growth of their firms, in terms of the careers of their colleagues. And we've turned them away," Foote said. "We're focused on CPAs like us, professionals like us, that have an interest in their colleagues, their clients, their communities and are committed to it. That's not an exit strategy. This is about really creating a culture."


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UHY LLP is a licensed independent CPA firm that performs attest services in an alternative practice structure with UHY Advisors, Inc., and its subsidiary entities. UHY Advisors, Inc.’s subsidiaries, including UHY Consulting, Inc., provide tax and business consulting services through wholly owned subsidiary entities that operate under the name of “UHY Advisors” and “UHY Consulting”. UHY Advisors, Inc., and its subsidiary entities are not licensed CPA firms. UHY LLP, UHY Advisors, Inc. and UHY Consulting are U.S. members of Urbach Hacker Young International Limited, a UK company, and form part of the international UHY network of legally independent accounting and consulting firms. “UHY” is the brand name for the UHY international network. Any services described herein are provided by UHY LLP, UHY Advisors and/or UHY Consulting (as the case may be) and not by UHY or any other member firm of UHY. Neither UHY nor any member of UHY has any liability for services provided by other members.

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