BST & Co. CPAs, LLP: Comprehensive Company Profile

Background

BST & Co. CPAs, LLP is a multi-disciplinary accounting and business advisory firm headquartered in Albany, New York. Established in 1947, the firm has been serving closely held companies, family-owned businesses, not-for-profit and governmental entities, and high-net-worth individuals for over seven decades. BST offers a broad portfolio of services, including accounting and auditing, tax consulting, outsourced accounting, talent strategy, and marketing services, as well as valuations, forensic accounting, and litigation support.

Key Strategic Focus

BST's strategic focus centers on delivering comprehensive financial and advisory solutions tailored to the unique needs of its diverse clientele. The firm specializes in areas such as real estate, construction, manufacturing and distribution, employee benefits, retail, medical and professional services, not-for-profit, and government sectors. By leveraging advanced technologies and a client-centric approach, BST aims to empower clients to make informed, confident decisions that drive their success.

Financials and Funding

As of the latest available data, BST & Co. CPAs, LLP reported annual revenues of approximately $61.1 million, supported by a team of around 530 employees. The firm has raised a total of $1 million in funding over one round.

Leadership Team

BST's leadership team comprises seasoned professionals dedicated to guiding the firm's strategic direction and ensuring the delivery of innovative solutions to clients. Key members include:

Ronald L. Guzior: Managing Partner

Adam Lawrence: Chief Talent Officer and Leader of BST Talent Strategies

Meredith Brinkmann: Leader and Director of the CFO for Hire Division

Sarah Walls: Leader and Director of Advisory & Accounting Services (CFO for Hire)

Aleisia Kisel: Accounting Manager at CFO for Hire

Ariful Islam: Controller - CFO for Hire Division

Nicole S.: Outsourced CMO, CMO for Hire at BST & Co. CPAs

Leadership Changes

In March 2025, BST announced the promotion of Sareena Sawhney to Partner within the Valuation, Forensic Accounting, and Litigation Support team. Ms. Sawhney has been with BST since December 2022, serving as Director of the VFL team.

Competitor Profile

Market Insights and Dynamics

The accounting and business advisory industry is characterized by a competitive landscape with firms offering a range of services from traditional accounting to specialized consulting. The market is experiencing growth driven by increasing demand for comprehensive financial solutions and advisory services.

Competitor Analysis

BST & Co. CPAs, LLP faces competition from several firms, including:

SAX: With 354 employees and revenues of $43.1 million, SAX offers a range of accounting and advisory services.

Thomas Judy and Tucker: Employing 225 professionals and generating $23.2 million in revenue, this firm provides comprehensive accounting solutions.

Janover: With 169 employees and $27.5 million in revenue, Janover specializes in accounting and advisory services.

Finley & Cook: This firm has 164 employees and $12.3 million in revenue, offering a variety of financial services.

HW&Co.: Employing 133 professionals and generating $19.1 million in revenue, HW&Co. provides accounting and consulting services.

Strategic Collaborations and Partnerships

In November 2022, BST & Co. CPAs, LLP merged with O’Connor & O’Connor CPAs, an Albany-based accounting firm with over 50 years of experience. This merger expanded BST's team and enhanced its service offerings, particularly in tax services. The combined firm relocated to a new 25,000-square-foot office in Latham, New York, to accommodate its expanded operations.

Operational Insights

BST differentiates itself through a client-centric approach, offering a broad portfolio of services tailored to various industries. The firm's commitment to employee well-being and professional growth has been recognized, including being named to the Albany Business Review's 2019 Best Places to Work. Additionally, BST received ClearlyRated's Best of Accounting Award, reflecting high client and employee satisfaction.

Strategic Opportunities and Future Directions

BST aims to continue its growth through strategic mergers and acquisitions, expanding its service offerings and geographic reach. The firm is focused on leveraging advanced technologies and innovative solutions to meet the evolving needs of its clients. By fostering a culture of collaboration and continuous improvement, BST positions itself to adapt to industry trends and maintain a competitive edge.