New York-based Marcum (FY14 net revenue of $385 million) has announced that it will merge with DGLF CPAs & Business Advisors, which specializes in construction and real estate, with offices in Nashville, Tenn., and Orlando, Fla. The merger is effective Dec. 1.
DGLF offers extensive audit, tax, information technology and consulting services to a full range of construction and real estate companies. Founded in 1987, the firm’s deep expertise in the construction industry has established it as a national authority in tax, audit and business planning services for developers and contractors. All eight DGLF partners have joined Marcum as members of the firm’s national construction industry practice group.
“The firm is nationally recognized as one of the most accomplished construction accounting practices in the country, which makes this particular group of professionals a perfect strategic fit for Marcum’s national construction industry group,” says Jeffrey M. Weiner, Marcum’s MP.
“We are extremely proud of the track record and reputation we have developed over the course of 28 years as a construction and real estate accounting specialist,” says Robert Davidson, DGLF’s MP. “Combining with Marcum will give us access to their tremendous national resources and create significant new opportunities to service our clients.”
DGLF represents the third merger announced by Marcum in the past month. On Nov. 1, the firm merged with Deerfield, Ill.-based Frost, Ruttenberg & Rothblatt, giving Marcum its first entry into the Midwest market. On Nov. 20, Marcum announced that it would merge Dec. 1 with Philadelphia-based Smart, Devine & Company. Once the two pending mergers become effective, Marcum will have nearly 1,500 professionals and more than 200 partners in 29 offices.
The integration of DGLF will add approximately 30 partners and staff to Marcum. The Nashville and Orlando offices will become part of Marcum’s now-expanded Southeast region, headed by PIC Michael Balter. The region also includes Florida offices in Miami, Fort Lauderdale and West Palm Beach.