Family Office of America Announces Acquisition of J F Kearney & Associates, P.A.
FOFA’s Maryland subsidiary agrees to buy assets of J F Kearney & Associates, marking its third practice acquisition in under a year.
Rhea-AI Summary
Family Office of America (FOFA) announced that subsidiary Family Office of Maryland has entered into an agreement to acquire certain assets of J F Kearney & Associates, P.A., a Maryland-based accounting and tax practice. This is FOFA's third acquisition in less than 12 months and is described as another step in building a diversified professional and financial services platform through strategic acquisitions and organic growth. After closing, the business is expected to operate as the JF Kearney Division of Family Office of Maryland, with founder James F. Kearney continuing to lead the division and remain active in client service and operations. FOFA believes the combination will preserve the practice's personalized client relationships while adding access to broader resources, technology, personnel and capabilities across bookkeeping, financial planning, estate planning, tax planning and wealth management.
Positive
- Third acquisition in less than 12 months supports FOFA’s accelerated M&A-led growth strategy
- Deal adds a Maryland-based accounting and tax practice with longstanding business and individual client relationships
- Founder James F. Kearney remains in leadership, supporting continuity of operations and client service
- Acquisition expected to broaden available services to clients, including bookkeeping and wealth management
- Management cites a robust pipeline of additional acquisition opportunities aligned with FOFA’s platform strategy
Negative
- None.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Third Acquisition in Less Than 12 Months, Continuing Accelerated Growth Strategy
CENTENNIAL, Colo, Sept. 08, 2026 (GLOBE NEWSWIRE) -- Family Office of America (OTC: [FOFA]) ("FOFA" or the "Company") today announced that its subsidiary, Family Office of Maryland, LLC, has entered into an agreement to acquire certain assets of J F Kearney & Associates, P.A., a Maryland-based accounting and tax services practice led by James F. Kearney.
The transaction represents the Company's third acquisition in less than 12 months and marks another significant step in FOFA's strategy of building a diversified professional and financial services platform through strategic acquisitions and organic growth.
J F Kearney & Associates has established a strong reputation for providing accounting and tax-related services to businesses and individuals and has developed longstanding client relationships. Following the transaction, the practice will operate as the JF Kearney Division of Family Office of Maryland, with James Kearney continuing to lead the Division and remain actively involved in serving clients and managing operations.
FOFA believes the combination creates an opportunity to preserve the personalized service and client relationships that have contributed to the practice's success while providing access to the broader resources, technology, personnel and capabilities of the Family Office platform.
The transaction also creates opportunities to expand the services available to clients, including bookkeeping, financial planning, estate planning, tax planning and wealth management, through appropriately qualified professionals and providers.
Rico Conte, Co-Founder and Director of M&A of Family Office of America, said:
"We are extremely excited to welcome James Kearney and his clients to Family Office of America. James has built a highly respected practice with strong, longstanding client relationships, and we believe our platform can provide the additional resources and capabilities necessary to take the business to its next level. Just as importantly, James will continue to be directly involved in the business and serving his clients."
Conte continued, "This acquisition is particularly meaningful because it is our third transaction in less than 12 months. We believe this demonstrates that our M&A strategy is gaining significant momentum. We continue to have a robust pipeline of acquisition opportunities and are actively pursuing businesses that fit our strategic objectives, have strong client relationships and can benefit from becoming part of a larger platform."
Patrick Adams, Co-Founder and CEO of Family Office of America, said:
"The Kearney acquisition is another important milestone in executing our vision for Family Office of America. We are bringing together established businesses, experienced professionals and complementary services to create a broader platform capable of delivering greater value to clients while creating opportunities for long-term growth. The fact that we have completed three acquisitions in less than 12 months is a strong reflection of the team's ability to execute that vision."
FOFA intends to continue evaluating additional acquisition opportunities as it expands its professional services platform and seeks to build a larger, diversified organization through disciplined M&A and organic growth.
About Family Office of America
Family Office of America is building a diversified professional-services and financial-services platform through organic growth and strategic acquisitions. The Company's strategy is focused on acquiring established businesses with strong client relationships and experienced management teams, while providing additional resources and capabilities to support long-term growth.
| Family Office of America Centennial, Colorado https://www.familyofficeofamerica.com/ Patrick Adams CEO padams@fofausa.com Family Office of America, Inc. 6898 S. University Blvd., Suite 100 Centennial, CO 80122 |
Forward-Looking Statements
This press release contains forward-looking statements concerning the Company's acquisition strategy, anticipated benefits of the transaction, future growth, acquisition opportunities and other matters. These statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. The Company undertakes no obligation to update forward-looking statements except as required by applicable law.
FAQ
What exactly is Family Office of America acquiring from J F Kearney & Associates?
Family Office of Maryland, a subsidiary of Family Office of America, has entered into an agreement to acquire certain assets of J F Kearney & Associates, P.A., an accounting and tax services practice based in Maryland.
How will J F Kearney & Associates operate after the transaction closes?
Following the transaction, the practice is expected to operate as the JF Kearney Division of Family Office of Maryland, with James F. Kearney continuing to lead the division and remain actively involved in serving clients and managing operations.
What additional services does FOFA expect to offer to J F Kearney clients after the acquisition?
FOFA states that the transaction creates opportunities to expand services available to clients, including bookkeeping, financial planning, estate planning, tax planning and wealth management, through appropriately qualified professionals and providers.
How does this acquisition fit into Family Office of America’s broader strategy?
The company describes the Kearney transaction as part of its plan to build a diversified professional-services and financial-services platform through strategic acquisitions and organic growth, focusing on established businesses with strong client relationships and experienced management teams.
What does FOFA say about future acquisitions and its M&A pipeline?
FOFA highlights that this is its third transaction in less than 12 months and states that its M&A strategy is gaining momentum. The company reports having a robust pipeline of acquisition opportunities and indicates it intends to continue evaluating additional deals as it expands its professional services platform.