Crowe Horwath LLP has reached an agreement with Saslow Lufkin & Buggy, LLP (SLB) to have its partners and professionals join Crowe on 1 July. Financial terms were not disclosed.
Based in Simsbury, Connecticut, with an additional office in Burlington, Vermont, SLB is an accounting and consulting firm serving insurance clients throughout the US.
With the addition of clients from SLB, Crowe will nearly triple its number of insurance clients and its insurance industry revenue. These will be the first Crowe locations in Connecticut and Vermont.
Established in 1999 by Richard Buggy, Glenn Saslow and Robert Lufkin, SLB is one of the US's leading providers of accounting, tax and consulting services to the property and casualty insurance industry.
The firm, which has 90 professionals, including eight partners, also serves a variety of New England healthcare entities and hospital systems and has a well-developed employee benefit plan practice.
“Our goal is always to provide an exceptional client experience and, with SLB personnel joining our team, we’re able to enhance our deep specialisation in the areas of insurance, healthcare and benefit plans,” said Crowe CEO Jim Powers.
Buggy, managing partner of SLB, added: “Joining Crowe is a great fit with our values and way of doing business.”
“Being part of a national firm that is part of an international network will provide our clients with access to broader resources while also providing significant benefit to our personnel through expanded career opportunities.”
