EisnerAmper, a Prime 20 Agency primarily based in New York, is including Popper & Co., an accounting and advisory agency additionally headquartered in Manhattan.
Popper dates again to 1946 and has one managing associate and 23 workers who will probably be becoming a member of EisnerAmper, which has 200 companions and a couple of,500 workers members. The agency serves purchasers within the New York metropolitan space, in addition to Florida, California, Texas and different states. Popper gives refined tax planning, tax compliance and property and present planning providers for high-net-worth people and households. The agency additionally offers monetary administration experience to small and medium-sized corporations in sectors equivalent to skilled providers, actual property, hedge fund administration, well being care, expertise, import/export, manufacturing and different industries.
Monetary phrases of the deal weren’t disclosed. EisnerAmper ranked No. 18 on Accounting Immediately’s 2022 listing of the Prime 100 Corporations, with $488.eight million in annual income. Final August, the agency restructured after a considerable funding from the personal fairness agency TowerBrook Capital Companions, setting off a wave of offers involving personal fairness investments in accounting corporations (see story).
EisnerAmper workplace constructing in Metropark/Iselin, N.J.
Courtesy of EisnerAmper
“Our agency has developed a formidable roster of refined high-net-worth purchasers who’re in want of ever-expanding providers that require specialised experience,” stated Popper managing associate Jeff Popper in a press release Thursday. “EisnerAmper’s nice experience in working with refined purchasers matches completely with our shopper base. The depth of their expertise and sources will serve our purchasers very nicely.”
The Popper workers will largely be becoming a member of the Private Wealth Advisors Tax follow at EisnerAmper.
“The addition of Jeff and the Popper crew — with their decades-long fame for excellent work on behalf of their purchasers — provides nice depth to our Private Wealth Advisors Tax follow, bringing further experience to our high-net-worth purchasers,” stated EisnerAmper managing associate of tax Michael Laveman in a press release. “We’re excited to have Jeff and his gifted crew be part of us.”
Final December, EisnerAmper merged in Caler, Donten, Levine, Cohen, Porter & Veil, a agency primarily based in West Palm Seashore, Florida. Final June, previous to the funding from TowerBrook, merged in ZenTek Knowledge Programs, a expertise consulting agency headquartered in Fort Lauderdale, Florida. In February of final yr, EisnerAmper did a pair of M&A offers with St. Clair CPAs in New Jersey and Pennsylvania and Goldin Peiser & Peiser in Dallas.