Summary
Like many accounting firms, Marcum decided the most efficient entre into new markets was not to build from the ground up but to acquire an established brand.
Earlier this month the Melville-based accounting firm announced a merger with Stonefield Josephson, a 150-person Los Angeles accounting firm. "We need a national presence," said managing partner Jeffrey M. Weiner. "We couldn't accomplish our goal from two offices in New York." He added that the firm's new move means Marcum has a footprint in six of the 10 top business centers in the nation.See the full content of this document
Extract
Accounting Firms Embrace Mergers
But it's not just to strike out for new territories that has accounting firms looking to fuse assets and brands. The ages of executives, the down economy and Uncle Sam have also boosted industry mergers, with the graying of the industry ...
See the full content of this document
Sponsored links
