Jan 11th 2011
Miami-based Morrison, Brown, Argiz & Farra, LLC (MBAF) and New York-based ERE, LLP, this week announced that they have joined forces. As a result, ERE will become MBAF-ERE CPAs, LLC, a division of MBAF.
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"We were looking to strategically expand and found a mutually beneficial opportunity with ERE, a strong and valued firm in its markets. With this combination, we are further strengthening our high-level of commitment to client service across multiple markets and industries," said Tony Argiz, CEO and managing partner at MBAF.
"We found ERE's talented and skilled team of professionals ideally complemented our core practices and corporate culture. By forming one of the most knowledgeable and trusted team of professionals in our industry, we are poised for a bright future as a larger, stronger firm," Argiz said.
The merger, according to the firms, creates one of the top 40 largest accounting and consulting firms in the United States with more than $85 million in annual revenue
"This unification represents a major milestone for both firms, broadening our practice areas and allowing us to increase our client base in the Southeast markets. To start, it will enhance and strengthen our capabilities so that our current and potential clients will benefit from expanded services and expertise," said Ira Rubenstein, managing partner of ERE.
"It will also increase our reach and visibility, driving growth in both new business sectors and in existing ones. In addition, the combined firm will offer increased career and personal development opportunities for our professionals, cultivating the future accounting and business leaders," Rubenstein said.
The combination of the firms also offers expansion opportunities for affiliate consulting firms, Fiscal Management Associates, LLC (FMA) and Solutions@MBAF, LLC, according to the company.
FMA, an ERE affiliate with offices in Chicago and New York, focuses on business consulting services to the non-profit sector. It will provide synergy to MBAF's extensive non-profit accounting and auditing practice. In addition, Solutions@MBAF offers technology consulting services to organizations on a local and international level in networking and communications, software development and integration, business process automation, computer assurance, and customer service solutions.
The combined firm will focus on tax and accounting, audit, technology consulting, litigation support, business valuation, fiscal and infrastructure consulting, trusts and estates, and private wealth services. It will have more than 400 employees and offices in Miami, Orlando, Fort Lauderdale, Boca Raton, Florida; New York City and Valhalla, New York; Boulder, Colorado; Baltimore; Chicago; and India.