Weaver, a High 40 Agency primarily based in Houston, is increasing its presence in New York Metropolis by including Levine & Seltzer, efficient April 1.
Levine & Seltzer dates again to 1992 when it was co-founded by a pair of CPAs, Elliot Levine and Philip Seltzer. The agency focuses on purchasers in the true property market and high-net-worth people and their firms. It presents accounting, audit and advisory providers, together with structuring recommendation on acquisitions and divestitures in numerous industries.
“Now we have been on the lookout for a longtime agency to affix our workforce and broaden Weaver’s presence in New York, a strategic progress marketplace for Weaver,” mentioned Weaver CEO and managing companion John Mackel mentioned in an announcement Monday. “We worth Levine & Seltzer’s experience, popularity and deep-rooted shopper relationships within the New York market. We’re enthusiastic about how our mixed operation permits us to construct on our present actual property and different funding practices, whereas turning into a broader full-service agency in New York.”
Monetary phrases of the deal weren’t disclosed. Weaver ranked No. 39 on Accounting As we speak’s 2022 record of the High 100 Corporations, with $164.9 million in annual income. The agency has roughly 113 companions and 755 staff.
The deal expands Weaver’s New York apply by 24 workforce members, together with two companions, two managing administrators and several other different professionals within the tax and assurance practices. By the tip of 2022, all of Weaver’s New York Metropolis operations will probably be positioned at 500 Fifth Avenue.
Levine will probably be accountable for main Weaver’s New York workplace. “We constructed the agency by offering the best degree of experience and repair,” he mentioned in an announcement. “Our purchasers depend on us for recommendation in all facets of their monetary lives. The extra I realized about Weaver, the extra I spotted how effectively aligned we’re in our tradition, enterprise philosophy and strategic course. As a mixed agency, we’ll construct one thing particular in New York. My workforce and I are proud to be a part of it.”
Final December, Weaver expanded to Los Angeles by including accounting and advisory agency PJ LLP.