J.H. Cohn LLP and Reznick Group, P.C. announced October 10, 2012, the completion of their combination, forming CohnReznick LLP. CohnReznick is now the eleventh largest firm in the country, with twenty-five offices, 2,000 employees, and combined revenues of more than $450 million.
The combination establishes broad geographic reach for the new firm, with headquarters in New York and offices from Boston to Atlanta on the East Coast; Sacramento, Los Angeles, and San Diego on the West Coast; and a growing presence in Austin and Chicago. The firm also has offices in Chennai, India and Cayman Islands, and is a member of Nexia International, the 10th largest global accounting, tax and advisory network.
J.H. Cohn's CEO, Thomas J. Marino, and Reznick Group's CEO, Kenneth E. Baggett, will serve as co-CEOs of CohnReznick.
"This combination represents incredible opportunity for our clients, partners, and our employees", said Marino. "The firm has exceptional accounting and tax expertise and advisory skills in such areas as governance, risk, and compliance; government advisory; bankruptcy and restructuring; valuation; transactions; and management consulting. We also offer deep industry insight in a number of industries, including renewable energy, hospitality, manufacturing and wholesale distribution, private equity, construction, life sciences and technology, not-for-profit, and education, and very large concentrations in commercial real estate and affordable housing."
"The market is already recognizing the unique differentiators of this firm", said Baggett. "During our integration efforts over the last few months, we've secured a number of exciting new opportunities together, and we're already providing additional value-added resources to existing clients. In the current economic environment, clients require a strong combination of geographic reach, diverse resources, and deep industry expertise. CohnReznick provides all of this, along with an entrepreneurial, forward-thinking culture that sets us apart from other firms."
Baggett and Marino noted that CohnReznick will maintain and build on their shared legacy of commitment to investing in their employees and giving back to their communities through learning and development programs, women's initiatives, and a variety of community involvement and charitable giving campaigns.
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Source: October 10, 2012, CohnReznick Press Release