August 24th, 2011 – Grassi & Co., for the sixth year in a row, has been recognized by INSIDE Public Accounting (IPA) as one of the Top 25 Best of the Best Firms. This annual recognition honors 25 firms for their wise management and superior operational performance on more than 50 criteria. More than 400 firms participated in this year’s 21st annual IPA Annual Survey and Analysis of Firms. In any economy – up or down – clues for what to do, where to focus and how to practice can be found in the IPA Best of the Best.
“Earning a place on the IPA’s list is an achievement of which I’m very proud,” commented Louis C. Grassi, CPA, CFE, Managing Partner of Grassi & Co. “It is a testament to the staff of the firm and our management team that we have been recognized for a sixth year in a row – an accomplishment only two other firms in the country have achieved.”
The IPA 2011 Best of the Best firms stand out as well-managed and well-executed examples of how to succeed regardless of what the economic environment throws their way. Size wasn’t a factor – the largest firm to make the cut is $71.4 million and the smallest, at $7.5 million. The firms identified as Best of the Best may change from year to year, but the building blocks of what makes them tick remain the bedrock of success for all these firms – past, present and future. Despite the economy, these firms turned in solid results – revenue growth of 4.0% and income growth of 8.7% when their peers struggled to stay flat.
“Best of the Best firms represent the top 25 accounting firms in the nation. Each firm demonstrates the right combination of vision, planning and execution to deliver superior performance,” says Michael Platt, principal of the Platt Group and publisher of IPA. “Firms that earn this designation represent the best of what the accounting profession has to offer,” Platt says.
In addition to being named to the “Best of the Best” list, Grassi & Co. was also included on INSIDE Public Accounting’s 2011 Fastest Growing Firms List.