MGO merges in Nussbaum | Accounting At this time

Macias Gini and O’Connell LLP, a High 100 Agency primarily based in Los Angeles, is increasing its presence in New York by including Nussbaum, Berg, Klein & Wolpow, CPAs LLP, a agency  with workplaces in Manhattan and Lengthy Island. 

The deal will add 73 staff, together with 11 companions, to MGO. Previous to the merger, MGO had greater than 600 workers members, together with 48 companions and three principals. 

Nussbaum dates again to 1990 and gives accounting, auditing, tax, and enterprise advisory companies to carefully held entrepreneurial companies, middle-market public firms and high-net-worth people on the East Coast. The merger may even allow MGO to enhance its hashish accounting observe.

Monetary phrases of the deal weren’t disclosed. MGO ranked No. 59 on Accounting At this time’s 2022 record of the High 100 Corporations, with $98 million in annual income. 

“Nussbaum has a wealthy historical past in New York and is understood for its deep dedication to consumer service,” stated MGO CEO and managing associate Kevin O’Connell in a press release Wednesday. “We’re thrilled to carry their group into the MGO fold. The East Coast’s focus of wealth and rising hashish markets give us a possibility to proceed constructing worth and establishing finest practices by way of our non-public consumer companies group, hashish observe, and different trade initiatives.”

Nussbaum managing associate Steve Wolpow is becoming a member of MGO because the workplace managing associate of the Lengthy Island workplace in Melville, New York. “This can be a distinctive alternative to reinforce the companies and consumer expertise Nussbaum is understood for by leveraging MGO’s dimension and worldwide footprint,” he stated in a press release. “This can be a momentous step for each our purchasers and our professionals, and we’re excited in regards to the future as a part of MGO.”

Accountants Advisory Group CEO Joe Tarasco suggested each companies on the merger, “This deal makes MGO a serious participant in Lengthy Island, New York, with its second mixture within the space,” he stated in a press release. “MGO is likely one of the quickest rising CPA and advisory companies within the U.S.  The agency continues to increase on the East Coast to supply its deep trade experience that has made MGO so profitable.”

In 2019, MGO acquired Schwartz & Co. in New York. In Could of this 12 months, MGO expanded in California by including Eckhoff & Firm CPAs and Advisors in San Rafael.