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Calabrese Consulting Acquires Albeck Financial Services

Calabrese Consulting Acquires Albeck Financial Services
Two Industry-Leading, Women Owned Businesses Combine to Create a Full-Service Accounting and Advisory Firm

Calabrese Consulting, an international Special Purpose Acquisition Company (SPAC) advisory firm, announced that it has acquired Albeck Financial Services, a Houston-based provider of SEC financial reporting and advisory services for small- and mid-cap public companies. Terms of the acquisition, which became effective April 12, 2022, were not disclosed.

“Christy Albeck has earned a reputation for benchmark client service, long-tenured relationships, and attracting and retaining skilled talent. I am thrilled to be working together as colleagues instead of competitors and am excited about our future.”

The acquisition brings together two leading, women-owned accounting and financial consulting firms to create an 80+ employee company serving more than 350 clients around the world.

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Calabrese Consulting, founded in 2012, devotes its practice to providing a wide range of SEC compliance and consulting services to SPACs. Calabrese Consulting has more than 40 team members and has successfully completed over 450 engagements representing more than $65 billion in market value at the time of their respective IPOs. Albeck, founded in 1987, provides financial reporting, due diligence, pre-IPO readiness, corporate governance, internal controls, and non-routine financial functions to domestic and international small- to mid-cap companies, including SPACs. Albeck’s 40 employees operate out of three offices located in Houston and Asia. Albeck has completed hundreds of engagements over the last 35 years.

The combined company, which will be known as Calabrese Consulting, will be led by Managing Member Jenn Calabrese, CPA, MS, CGMA; Chief Operating Officer Mike Rollins; and Partner Christy Albeck. Pre-audit and international services will continue to operate under the name Albeck Financial Services, a division of Calabrese Consulting, and will be led by Ms. Albeck. SPAC clients will be led by Calabrese Consulting, and former Albeck employees will now operate under the Calabrese umbrella servicing their existing clients.

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“This combination has created a preferred, full-service resource for private, public, and individual clients around the world, and allows us to work with our clients beyond the IPO,” said Ms. Calabrese. “Christy Albeck has earned a reputation for benchmark client service, long-tenured relationships, and attracting and retaining skilled talent. I am thrilled to be working together as colleagues instead of competitors and am excited about our future.”

Ms. Albeck said, “The nature of our business is rapidly evolving, and increasing access to talent and services in the accounting and advisory sector is crucial. I am confident that the scale created by the combination of our firms will provide us with access to new opportunities and provide a foundation for long-term growth and success.”

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