Marcum & Kliegman to acquire CBIZ

Marcum & Kliegman LLP, Certified Public Accountants and Consultants, has signed a letter of intent to acquire the CBIZ/Mayer Hoffman McCann accounting and tax practice in New York City. "This will be a good tuck-in acquisition," stated Marcum & Kliegman Managing Partner Jeffrey Weiner. "They deal with a lot of high-net-worth individuals and have a solid trust and estate practice. In addition, they have a good non-public company attest practice."

If the deal wins corporate approval, M&K will add 17 professionals, including Jeffrey Saltzer and Stan Lassar as partners, and $3.5 million revenue. The combined firm would have about 400 staff, including 40 partners, $100 million revenue and additional offices in Greenwich, Conn., and Grand Cayman.

CBIZ is one of the nation's leading providers of business services. From accounting and tax to benefits and insurance, to a wide range of consulting services, they offer national caliber business solutions. CBIZ is one of the nation's top ranked benefits specialists in addition to being one of the largest accounting service providers, business insurance firms, valuation and medical practice management companies in the U.S.

Marcum & Kliegman ranks 24th in the nation, according to Public Accounting Report, 7th largest firm in the Northeast by Accounting Today and 1st on Long Island, according to Newsday and Long Island Business News.

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Upcoming CPE Webinars

Jul 24
In this presentation Excel expert David Ringstrom, CPA revisits the Excel feature you should be using, but probably aren't. The Table feature offers the ability to both boost the integrity of your spreadsheets, but reduce maintenance as well.
Jul 31
In this session Excel expert David Ringstrom helps beginners get up to speed in Microsoft Excel. However, even experienced Excel users will learn some new tricks, particularly when David discusses under-utilized aspects of Excel.
Aug 5
This webcast will focus on accounting and disclosure policies for various types of consolidations and business combinations.