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Mon., Oct. 22, 2012, 2:20 p.m.

Fruci and Associates acquires fellow accounting firm MartinelliMick

Spokane's Fruci and Associates accounting firm has purchased MartinelliMick PLLC, one of its Spokane financial services competitors.

MartinelliMick will become a subsidiary of Fruci and Associates, a release noted.

Fruci has been in the Spokane area for more than 70 years, working from offices in downtown.

It specializes in tax and accounting services.

MartinelliMick principals Melanie Sexton Mick and John Webster will join the company as partners, the release noted.  The company was formed in 2011.

The acquisition gives Fruci and Associates additional resources to serve the public and private sector in financial services.  MartinelliMick has specialized in offering auditing services to publically traded companies and companies considering an initial public offering.

The release noted that only a few Spokane area firms are able to offer auditing services to the publicly traded companies.

Terms of the acquisition were not disclosed.

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The Spokesman-Review business team follows economic development in Spokane and the Inland Northwest.