McCarthy & Co. merges into Marcum accounting firm

Marcum LLP, the New York City-based accounting and advisory firm with offices in Tinton Falls, on Monday announced that McCarthy & Co. P.C., headquartered in Blue Bell, Pennsylvania, combined with Marcum, effective June 1.

The strategic combination adds approximately 70 partners and associates to Marcum and bolsters its premier construction practice in the mid-Atlantic region.

Established in 1967, McCarthy & Co. was a full-service tax and accounting firm serving the construction, real estate, health care, transportation and logistics sectors.

“McCarthy’s commitment to helping clients navigate complex business challenges aligns seamlessly with our vision at Marcum,” Jeffrey Weiner, chairman and CEO of Marcum, said. “They have cultivated an outstanding reputation within the construction industry and have unique insight into how to solve the most pressing difficulties clients encounter.”

McCarthy’s clients will now benefit from expanded assurance, tax and advisory services and comprehensive business and financial solutions spanning specialized areas like research & development tax credits, international tax, transaction advisory and cyber and information security services, among others.

Marty McCarthy, the former managing partner at McCarthy & Co., expressed enthusiasm for the combination: “Not only do our businesses align in terms of services and industry focus, but perhaps more importantly, there’s a deep-seated alignment in our firm cultures. Marcum and McCarthy are committed to fostering a work environment that emphasizes collaboration, innovation, and professional growth. Joining Marcum allows our team more opportunities to develop within a larger organization.”

McCarthy joins Marcum as the mid-Atlantic construction practice leader and office managing partner of the Blue Bell and Tinton Falls offices.

“We are eager to leverage McCarthy’s established presence and deep understanding of the local market,” Jeffrey Zudeck, Marcum’s mid-Atlantic regional managing partner, said. “They bring a deep bench of talent and experience to Marcum and will be a key part of our firm’s success moving forward.”

Allan Koltin, CEO of Koltin Consulting Group, who advised both firms on the combination, commented: “The merger not only diversifies the capabilities of both firms, but also amplifies the professional expertise that clients can tap into. McCarthy’s exceptional reputation and specialization in key sectors complement Marcum’s vast network and capabilities. I’m incredibly excited for what the future holds for the firm and its clients.”