Marcum LLP's Merger with Parent, McLaughlin & Nagle CPAs Inc. Featured in AccountingToday Article "Marcum Merges in Parent, McLaughlin & Nangle"
By Michael Cohn
Marcum LLP has merged the offices of Parent, McLaughlin & Nangle CPAs, Inc. into its New England practice, effective immediately.
The merger combines a leading Massachusetts CPA firm with a top-ranked national accounting and advisory firm with offices in the U.S. and abroad. Marcum ranked 15th on Accounting Today’s 2012 list of the Top 100 Firms. Financial terms of the deal were not disclosed, but last year, Marcum had $275.5 million in annual revenue, while PMN had $6.5 million, according to Marcum spokesperson Julie Gross Gelfand.
PMN brings six partners and 30 professional staff to Marcum’s Massachusetts practice. With offices in both Boston and Raynham, Mass., it will add a fourth office to Marcum’s New England region.
Marcum, based in New York City, has more than 1,000 professionals at the firm, including over 125 partners, in more than 20 offices throughout New York, New Jersey, Massachusetts, Connecticut, Pennsylvania, California, Florida, Grand Cayman and China.
“PMN’s deep roots in the Boston financial services community are an asset that will further strengthen our service offering in the New England region,” said Marcum managing partner Jeffrey M. Weiner in a statement. The firm is particularly well known for its work in community banking and nonprofit services, which strategically complements Marcum’s core capabilities in these and other industry sectors. In addition, PMN’s office in Raynham expands our geographic footprint in the region.”