New York-based Raich Ende Malter & Co. (REM) (FY15 net revenue of $43.7 million) and Stein deVisser & Mintz, also of New York, have announced today the merger of the two firms, effective Nov. 1.
The name of the combined firm will be Raich Ende Malter & Co. “We are always looking to merge with accounting firms that are not only located in the New York metropolitan area, but also, and more importantly, complement or expand our current service offerings or the industries we serve,” says Ellis Ende, MP of REM.
Cornelius Kilbane Jr., MP of REM’s New York office and the one who orchestrated the merger, says, “With its exemplary tax and consulting practice focused primarily on the needs of those high-net-worth individuals who fuel and drive our local New York economy, Stein deVisser & Mintz are our idea of a perfect fit.”
Keith deVisser, MP of Stein deVisser & Mintz, concurs. “Our merger with REM, a firm consistently ranked amongst the top regional accounting firms in the New York metropolitan area, will offer our clients with a larger menu of services and resources. The merger provides our clients with access to more specialized professionals who have a strong national and international reach. At the same time, it offers more opportunities to our employees.”
On a combined basis, revenues will exceed $60 million, and the firm will have approximately 50 partners and 200 employees.