January 31, 2013

Marcum LLP Merges Parent, McLaughlin & Nangle into New England Practice

Marcum LLP Merges Parent, McLaughlin & Nangle into New England Practice

New York City, NY – Marcum LLP today announced that the offices of Parent, McLaughlin & Nangle CPAs, Inc. have merged into the Firm’s New England practice, effective immediately. The merger combines a leading Massachusetts CPA firm into a top-ranked national accounting and advisory firm with offices in the U.S. and abroad.

PMN brings six partners and 30 professional staff to Marcum’s Massachusetts practice and adds a fourth office to the Firm’s New England region. Founded in 1976, PMN specializes in serving financial institutions and other service organizations; not-for-profit organizations; and closely held businesses. The Firm is ranked as a Top 3 audit and accounting provider in Banker & Tradesman’s Best of 2012.

“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. 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,” said Jeffrey M. Weiner, Marcum’s Managing Partner.

“Marcum’s extensive national resources will enable us to expand well beyond what we would have been able to accomplish on our own. The expertise and experience of both firms are a great natural fit,” said David A. St. Yves, PMN Partner & President.

“PMN brings both talent and additional critical mass to our Boston team. We anticipate great synergies within the merged organization,” said Douglas J. Farrington, Partner-In-Charge of Marcum’s Boston office.

“This merger will bring together one of the best known audit firms in Boston with a major national CPA firm that has one of the fastest growing New England practices. Marcum will provide PMN clients with a wide range of additional services, while PMN will expand Marcum’s audit services in the greater Boston community. There is also a wonderful cultural fit between the two firms which will provide great opportunities for both clients and staff,” said Stephen Weinstein, a New England-based practice management consultant to the CPA profession who introduced the merger partners.

About Marcum LLP
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., as well as select international locations. Headquartered in New York City, Marcum provides a full spectrum of traditional tax, accounting, and assurance services; advisory, valuation, and litigation support; managed accounting services; and an extensive portfolio of specialty and niche industry practices. The Firm serves both privately held and publicly traded companies, as well as nonprofit and social sector entities, high net worth individuals, private equity funds, and hedge funds, with a focus on middle-market companies and closely held family businesses. Marcum is a member of the Marcum Group, an organization providing a comprehensive array of professional services.