EisnerAmper, a High 20 Agency based mostly in New York, is including Raich Ende Malter & Co. a High 80 Agency, additionally based mostly within the metropolis, with the deal anticipated to shut this summer season.
REM dates again to 1972 and has 200 professionals and 45 companions and principals, with workplaces in New York Metropolis, Lengthy Island, New Jersey, Florida and the Cayman Islands.
Monetary phrases of the deal weren’t disclosed. EisnerAmper ranked No. 18 on Accounting At this time’s 2022 listing of the High 100 Companies, with $488.eight million in annual income, over 200 companions and greater than 2,100 staff. Raich Ende Malter ranked No. 80, with $62 million in annual income.
EisnerAmper workplace constructing in Metropark/Iselin, N.J.
Courtesy of EisnerAmper
REM gives audit, attest, tax, household workplace and enterprise advisory companies, specializing in shoppers in the actual property, monetary companies, manufacturing, skilled companies, know-how, hospitality, franchising, media and different enterprise sectors.
“In EisnerAmper, we’ve discovered a companion that amplifies our efforts to create the best stage of worth for our shoppers whereas offering our household of accounting professionals an revolutionary tradition through which they’ll thrive and prosper,” mentioned REM managing companion Ellis Ende in an announcement Thursday. “We sit up for persevering with these efforts with our new colleagues at EisnerAmper.”
The deal will broaden EisnerAmper’s presence in New York and different components of the nation, in addition to its consumer base. “This thrilling mixture significantly enhances EisnerAmper’s key companies areas in addition to provides some new attention-grabbing trade teams,” mentioned Christopher Loiacono, EisnerAmper vice chair of companies, in an announcement. “Including 245 skilled professionals provides an incredible quantity of brainpower to the agency that can add actual and fast worth to our shoppers. We warmly welcome REM to the EisnerAmper household.”
EisnerAmper has been doing a number of M&A offers since receiving personal fairness funding final August from TowerBrook Capital Companions, setting off a wave of funding from PE corporations within the accounting career (see story). In March, EisnerAmper added Popper & Co., one other agency based mostly in New York Metropolis. Final December, EisnerAmper merged in Caler, Donten, Levine, Cohen, Porter & Veil, a agency based mostly in West Palm Seaside, Florida. Final June, previous to the funding from TowerBrook, the agency merged in ZenTek Knowledge Methods, a know-how consulting agency headquartered in Fort Lauderdale, Florida. In February of final 12 months, it accomplished a pair of M&A offers with St. Clair CPAs in New Jersey and Pennsylvania and Goldin Peiser & Peiser in Dallas.