Updated March 30 at 12:30pm

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ACCOUNTING

KLR and Fay & Associates announce merger

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PROVIDENCE – The accounting firms of Kahn Litwin Renza & Co. Ltd. and Fay & Associates have merged effective Jan. 1, the firms announced Wednesday.

The expanded firm will continue to operate as KLR, and Fay & Associates has relocated to KLR’s Waltham, Mass., office.

“The merger provides us with the opportunity to continue to deliver the outstanding client service and personal attention that our clients deserve and expect from us, but with more resources and a wider array of services” Stephen Fay, partner at Fay & Associates, said in prepared remarks. “We are pleased to find that our firms share the same values and vision of quality and excellent client service.”

The merger will add talent to KLR’s 170-person team. The firm has four offices in New England in Newport, Providence, Boston and Waltham.

“We are excited about Steve and his team joining KLR and welcome all of the Fay & Associates’ clients, friends and colleagues to the KLR family,” Alan Litwin, KLR managing director, said in prepared remarks. “The merger expands our footprint and impact in the New England marketplace and adds a very talented group of professionals to KLR.”

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