New York-based Friedman (FY14 net revenue of $78 million) is merging in Shechtman Marks Devor of Philadelphia, effective Jan. 1.
Founded in 1978, Shechtman Marks Devor offers specialty audit and assurance, tax planning and forensic, litigation and valuation services to an array of industries including: manufacturing, distribution, not-for-profit, professional services, construction, metals, health care and high-net-worth individuals.
As the two firms become one, Friedman will expand its presence in Philadelphia, while also growing key service areas that both firms specialize in.
With the combined locations, Friedman will have a staff of approximately 400, with more than 70 partners, which includes about 38 Shechtman professionals and nine partners.
“One of the most important things I can do as chief executive officer of Friedman LLP is help my team reach new markets and specialty areas through growing our business,” says Bruce Madnick, CEO of Friedman. “In the new year, I am truly excited to welcome new faces to the Friedman family as we work together to reach new heights as a team and to become further involved with the Philadelphia community.”
Chuck Shechtman, MP of Shechtman Marks Devor, says, “Their purpose, core values and culture mirror our own and this was a central focus for us as we made the decision to blend our teams. Joining Friedman LLP and combining our services and employees offer new business opportunities for our firms, our people and our clients.”