May 22, 2012 from The Reznick Group
Reznick Group, P.C., and J.H. Cohn LLP, two of the top-20 ranked accounting, tax and consulting firms in the United States, today announced plans to merge and become the 11th largest firm in the country with more than 2,000 employees, 25 offices and combined revenues of more than $450M.
Principals and Partners of both firms have agreed to the combination and terms.
Pending final approvals, the merger is anticipated to take effect in September. The
combined firm will also continue operations in the Cayman Islands and India.
“The combination of these two great organizations immediately elevates us to a
preeminent position on the East Coast with offices from Boston to Atlanta, provides a
significant expansion in California, and establishes a national footprint with additional
offices in Texas and Chicago,“ said Thomas J. Marino, Partner and Chief Executive
Officer, J.H. Cohn. “This combination of peers changes the landscape of the
accounting industry by establishing a firm with an unprecedented concentration of
industry experience in real estate, affordable housing, and highly specialized experience in areas such as renewable energy, hospitality, manufacturing and distribution, capital
markets, government, construction, life sciences and technology, and valuations.”
“The synergies and opportunities this merger of equals brings to our clients and staff is
nothing short of historic,” said Kenneth E. Baggett, CPA, Reznick Group’s managing
principal and CEO. J.H. Cohn has very diverse clients across a wide array of industries.
When combined with Reznick Group’s deep knowledge of the affordable housing and
commercial real estate industries, as well as the tax credit arena, the result is a firm
that is a powerful resource for clients across all of their accounting, tax and consulting
needs.”
The merger also combines two firms with enterprising employee cultures built around
giving employees the freedom and resources to chart their own career paths focused
on creating new opportunities for themselves — and for clients. Both firms have
recently garnered recognition by industry and business publications for their excellence
and commitment to their people, women’s initiatives, and as best places to work. In
addition, both firms have recently received major awards for their community
involvement and leadership in the cities in which they live and work.
About Reznick Group
Reznick Group is a top 20 national public accounting firm providing accounting, tax and
business advisory services to clients nationwide. The firm’s industry experience
includes affordable housing, banking and financial services, commercial real estate,
government, nonprofits, professional services, renewable energy and technology.
Reznick Group provides a high level of industry experience in helping clients gauge
business trends and seize upon new opportunities while managing risk. The firm offers
the resources of a large national accounting firm but maintains an enterprising approach
that provides the flexibility to proactively meet clients’ needs in constantly changing economic climates. The firm’s commitment to industry knowledge and experience has
helped clients succeed for more than three decades.
