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Area accounting firms announce merger

October 27, 2011
By LARRY SHIELDS - Staff Writer (lshields@salemnews.net) , Salem News

SALEM - The A.S. Fricano & Co., CPAs, and Daniel D. Wolfe, CPA, announced the merger of their firms.

The action was effective Oct. 1, and the existing firm will operate as Byler, Wolfe, Lutsch, and Kampfer CPAs, Inc.

The Salem office will remain at 360 East State St. while combining with Wolfe's East Liverpool office at 49020 Ashland Place.

The merger enables each company to continue providing client service, while allowing room for growth and expansion, the company said.

There are 13 employees between the two offices with six CPAs and seven support staff.

Eugene Byler, president of the firm, said, "With the impending retirement of Alfred Fricano, we were looking for a new partner to add to our East Liverpool location.

"With Daniel's (Wolfe) knowledge and experience, as well as his previous relationship with our firm, we knew he was the right choice."

He said merger has been worked on for about two years.

"There were other things in place that prevented the name change and we thought it was time," Byler, who joined the A.S. Fricano & Co. company in 1984, said.

He added that many people were not aware that he and Richard Lutsch, who joined the company in 1988, have been the major shareholders since 1991.

Byler said Wolfe also worked for Fricano, left to work in private industry before returning to public accounting.

Overseeing the East Liverpool office are Denny Kampfer, CPA, Wolfe, CPA, and Fricano, CPA/CVA.

Kampfer joined the firm in 1989 after earning a bachelor's degree in business administration from Youngstown State University.

He also holds a Certificate of Educational Achievement in tax planning and advising for closely-held businesses from the American Institute of Certified Public Accountants.

Wolfe is a former shareholder with A.S. Fricano & Co., CPAs, and founded his company in 2004.

A graduate of Robert Morris University, Wolfe has 22 years in public accounting and 16 years in private manufacturing accounting, specializing in tax, manufacturing, business management/planning, and personal financial planning.

He also has experience with crisis management cases and bankruptcy court reporting.

In addition to his professional accomplishments, Wolfe is active in the community, serving on the boards of several local civic organizations.

Fricano obtained his bachelor's degree in business administration from Youngstown State University and formed A.S. Fricano & Co., CPAs, in 1977, when he acquired the Hartt and Hartt Audit firm.

Fricano is a certified valuation analyst with membership in the National Association of Certified Valuation Analysts.

Overseeing the Salem office are Byler, CPA, and Lutsch, CPA.

Byler earned his bachelor's degree in business administration from Youngstown State University, and also holds a Certificate of Educational Achievement in tax planning and advising for closely-held businesses from the American Institute of Certified Public Accountants.

He oversees the tax division of the company.

Lutsch obtained his bachelor's degree in business administration from Kent State University. He oversees the preparation of compiled and reviewed financial statements, as well as the firm's accounting and financial reporting practice.

Each partner has direct and shared responsibilities for various types of clients, including individuals, businesses, and not-for-profit entities, and provides tax, accounting, and consulting services.

In addition, Laurie Chaffee, CPA, is a manager and will continue at the Salem office.

Chaffee provides tax, accounting, and consulting services, and is a Certified QuickBooks ProAdvisor.

For more information, visit: www.bwlkcpa or contact the Salem office at 330-332-4646 and the East Liverpool office at 330-385-2160.

 
 

 

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