E. Cohen and Co. CPAs, a agency based mostly in Rockville, Maryland, is merging in DeVan & Lowery PA, one other CPA agency in its house city.
The merger will increase E. Cohen’s presence within the D.C. metro space and provides DeVan & Lowery purchasers entry to expanded companies together with IT and wealth administration, worldwide taxation, property and belief planning, monetary assertion auditing and cybersecurity. Monetary phrases of the deal and income figures weren’t disclosed. Following the merger, E. Cohen will add two principals for a complete of 13. The mixed agency may have almost 100 full-time workers.
“We’re very excited in regards to the mixture of corporations,” stated E. Cohen managing principal Eric Cohen in a press release Wednesday. “DeVan & Lowery is a superb group with gifted skilled workers and we’re sure that they are going to show to be a useful asset to our purchasers and the group as a complete.”
The deal will assist each corporations take care of the challenges posed by the so-called Nice Resignation and the rising complexities of regulatory compliance.
“Once we got down to discover a bigger agency to merge with, there was a really brief listing of extremely succesful midsized corporations,” stated Jay DeVan, a companion at DeVan & Lowery, in a press release. “On the prime of that listing was E. Cohen,” he remarked. “We knew this was the right alternative to higher serve our purchasers whereas extra simply assembly new business calls for and offering the perfect skilled development alternatives for our workers.”
E. Cohen caters to purchasers in varied sectors and industries, together with biotechnology, development, high-net-worth people, authorities contractors, nonprofit associations, actual property, expertise and rising companies. DeVan & Lowery shall be absorbed into E. Cohen’s present organizational construction and function below the E. Cohen title, with workers and principals becoming a member of their colleagues on the E. Cohen headquarters in Rockville.