Marcum LLP Merges with Frost, Ruttenberg & Rothblatt P.C., Expands Into Midwest
New York City, NY – Marcum LLP, a top national accounting and advisory services firm, today announced that it has merged with Frost, Ruttenberg & Rothblatt, P.C. (FROST), a full-service accounting firm with offices in Chicago and Deerfield, Illinois. The merger became effective November 1.
The transaction marks the first entry into the Midwest market for Marcum, which has 17 other U.S. offices on the East and West Coasts, plus six abroad. Twenty-one FROST shareholders and principals and 90 professional staff have joined Marcum.
FROST was ranked 18th among accounting firms in the Chicago area for 2015 by Crain’s Chicago Business. The Firm provided accounting, consulting, financial and tax services to privately owned companies, professional practices, not-for-profit organizations and individuals. Service sectors included Healthcare, Nonprofits, Real Estate, Homeowner Associations, Broker Dealers, High Net Worth Individuals, Construction, Manufacturing & Distribution, Professional Services, and Technology.
“Frost, Ruttenberg & Rothblatt was a traditional full-service accounting firm with a comprehensive array of capabilities and client specialties that naturally complement Marcum’s,” said Jeffrey M. Weiner, Marcum’s managing partner. “Both of our firms have been serving clients for more than 60 years. In FROST we have found a team that brings additional depth to our service offering while giving Marcum a strategic presence in the center of the country. We are extremely pleased to welcome the firm to Marcum.”
“We are so honored to have served as the trusted advisor for our clients for the last 60 years. In looking to the next 60 years and the ever-changing landscape of our industry and clients’ needs, our strategic focus on the future recognized the logical progression to join forces with a national firm that shared our values and commitment to excellence. We found the perfect match in Marcum. Their national scope and recognized leadership in the accounting industry offer significant benefits and services to our clients and the Chicago market, while also creating opportunities and providing additional resources for our team members. The merger of the firms expands our recognized healthcare practice capabilities nationally and brings a wealth of expertise to our corporate clients’ M&A needs and the local private equity marketplace,” said Richard S. Sgarlata, formerly President of FROST. Mr. Sgarlata now serves as Marcum partner-in-charge of the Chicago and Deerfield offices.
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.