February 19, 2016
California Partner-in-Charge Philip Wilson discussed Marcum's national expansion with the San Francisco Business Times.
By Adam Steinhauer
Like visiting the dentist or getting an oil change, accounting firm clients tend to view having their books periodically audited as a necessary evil. And it's one they'd prefer to pay as little for as feasible.
The national accounting firm Marcum LLP added a specialized construction industry practice last year with its acquisition of DGLF CPA & Business Advisors, with offices in Nashville, Tenn., and Orlando, Fla. Marcum also acquired regional firms in Chicago and Philadelphia.
Philip Wilson, Marcum's partner-in-charge of California, said the firm remains on the hunt for other specialized and regional practices. He notes that Marcum has offices in San Francisco and Southern California but does not have a presence in Silicon Valley.
Meanwhile, the addition of specialized services fulfills a purpose beyond diversifying revenue, Wilson said. It can also help feed the core auditing business with new clients.
"When a firm comes in and merges into Marcum, if they're not doing public-company and SEC work, we can provide service with our other partners," he said. "It's really an opportunity to grow even faster organically."