BWTP P.C. Merges into Marcum LLP
DECEMBER 1, 2021 (New York City, NY) – Marcum LLP today announced that BWTP P.C. of St. Louis has merged into the Firm.
BWTP adds eight partners and 51 associates to Marcum. The transaction expands Marcum’s Midwest footprint into Missouri.
Founded in 1982, BWTP P.C. was a mid-sized tax, accounting, consulting and advisory firm located in the American heartland. The firm served individuals and closely held businesses across numerous industries, including several coinciding with Marcum’s specialized industry groups. These include construction, dental, manufacturing and distribution, medical, nonprofit, and real estate.
In addition, BWTP Transition Solutions, LLC, which provides merger and acquisition services to dental practices, will become a new service offering under Marcum’s Transaction Advisory group.
In January 2022, Mason Road Wealth Advisors, LLC, an affiliate of BWTP, will become part of Marcum Wealth, an investment advisory firm.
“BWTP is an excellent match with Marcum, as they have a long history of delivering superior service based on deep industry knowledge, valuable insight, technical skills, personal attention, responsiveness and significant partner involvement. Their longstanding client relationships are a testament to their value as a trusted business partner, which is highly consistent with Marcum’s commitment to superior client service,” said Jeffrey M. Weiner, Marcum’s chairman and chief executive officer.
“BWTP has been a very highly regarded firm in the Midwest. Their team members and clients are a natural complement to our Midwest practice, particularly in healthcare and dental services, and their foothold in St. Louis will add a new regional hub in our footprint,” said Cary Buxbaum, Marcum’s Midwest regional managing partner.
“The integration of BWTP into Marcum represents a significant new opportunity for both our clients and our team, as we leverage the extensive resources and deep knowledge base of a national firm to further advance our services. As part of Marcum, we will be able to tap these resources in any part of the country to bring additional intelligence and market experience to our clients,” said Bradley R. Gilmore, BWTP’s managing partner.
Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the merger, commented, “Marcum continues to build a national powerhouse firm. More and more firms are combining with Marcum because of their advanced technology and innovation, as well as their ability to grow talent. BWTP was sought after by many acquirers but chose Marcum because of their culture and commitment to exceptional client experience.”
About Marcum LLP
Marcum LLP is a top-ranked national accounting and advisory firm dedicated to helping entrepreneurial, middle-market companies and high net worth individuals achieve their goals. Marcum’s industry-focused practices offer deep insight and specialized services to privately held and publicly registered companies, and nonprofit and social sector organizations. Through the Marcum Group, the Firm also provides a full complement of technology, wealth management, and executive search and staffing services. Headquartered in New York City, Marcum has offices in major business markets across the U.S. and select international locations. #AskMarcum.