Marcum and Friedman — two New York City-based accounting and advisory firms with offices in New Jersey and around the country —announced last week their intention to merge this year, creating a Top 12 firm with approximately $1 billion in annual revenue and more than 3,400 associates.
The combined firm will operate under the Marcum brand and continue to be headquartered in New York City, with offices throughout the continental U.S., China, Ireland and Grand Cayman.
It will be led by Jeffrey Weiner, the current chairman and CEO of Marcum.
The merger, which is anticipated to close in the summer, will combine two well-regarded national firms. More specifically, it will:
- Deepen the firms’ capabilities in key service areas, including public company audit and assurance, digital assets, cybersecurity, real estate and construction;
- Create one of the largest firms serving Chinese companies listed on the U.S. stock markets;
- Enable the firm to enhance and scale investment in technology, talent and innovation.
“Marcum and Friedman share common roots in the New York area, extensive histories of exceptional client service, similar employee-oriented cultures and a commitment to leading in emerging growth areas in our profession,” Weiner said. “We view this transaction as a very natural fit and are excited about our shared future together.”