April 23, 2013
Marcum LLP's Merger with Cornerstone Accounting Group Featured in GlobeSt.com Article "Marcum Snaps Up Cornerstone"
By Rayna Katz
Marcum LLP, a national accounting and advisory firm on Monday announced a merger with Cornerstone Accounting Group, an accounting and assurance firm, focused on the real estate industry, with headquarters in NYC and offices in New Jersey. The merger is effective immediately. The entire Cornerstone team, consisting of five partners and 75 staff will join Marcum. Cornerstone's managing partner Daniel Vitulli is now national leader of Marcum's real estate industry group and will join the company's executive committee.
"As a national accounting firm with a footprint in over 20 regional markets, Marcum provides Cornerstone Accounting Group the opportunity to significantly expand our reach and grow services for both our local and national clients," says Vitulli in the release.
He tells GlobeSt.com that the expanded Marcum is now positioned to be the dominant force for the industry's accounting needs. "We had the [real estate] specialty and now this will make us a market leader," Vitulli says. "We'll be able to grow Marcum, with the goal of being known as the real estate accounting firm."