Daily News: January 11, 2013

Preston Romano and Shea Merges Into Fesnak and Associates

Preston Romano and Shea, a regional certified public accounting firm, has merged into Fesnak and Associates, an accounting and business advisory firm, Fesnak said.

The merger enables Fesnak to attract new talent, grow their practice, and better serve a growing client base. The Preston, Romano and Shea practice will continue to be served by the combined firm, and Gene Preston and Mike Romano will join Fesnak as Partners.

“This acquisition strengthens our dedicated life sciences group and will enable us to continue to lead the sector,” said Robert W. Fesnak, CPA/ABV, CMA, CVA, MBA, and Fesnak managing partner. “Preston, Romano and Shea has a reputation as a quality firm. Like us, they are passionate about providing high-quality services, and they share our core values of integrity, teamwork, and hands-on involvement.”

Fesnak continues to organize the firm along industry lines – such as Life Sciences – and service areas – such as Tax, Assurance and Accounting, Valuation & Litigation Support, Transaction Advisory, Bankruptcy & Restructuring or Financial Management Solutions. In light of Mike Romano’s in-depth life sciences industry experience, he will serve as partner-in-charge of Fesnak’s Life Sciences Group.

Before joining Preston, Romano and Shea, he was VP and general manager of a global business offering health information products and services to the pharmaceutical, biotech, and medical device markets. Romano has experience in general management, financial management, mergers and acquisitions, and global operations, with a Big Four background.

“I look forward to leading the effort to deliver all Fesnak’s services to life sciences clients and continuing to grow this practice area,” Romano said. “It’s an exciting time for both firms as companies look to midsized firms like Fesnak that have a deep pool of experienced professionals in the life sciences industry.”