Los Angeles-based MGO (FY18 net revenue of $60.4 million) has acquired Bellmore, N.Y.-based Schwartz & Company.
The transaction expands MGO’s presence in New York and throughout the East Coast. All five Schwartz & Company partners are joining the team at MGO, formerly Macias Gini & O’Connell.
“We welcome the entire Schwartz & Company team to MGO. While formidable as separate companies, combining these two elite teams will enable us to deliver an unmatched experience to our clients,” says Kevin O’Connell, CEO and MP of MGO. “Schwartz brings deep experience representing private equity and venture capital firms, investment partnerships, family offices and public and closely held corporations. We also look to capitalize on these capabilities, as well as the firm’s expansive East Coast footprint.”
The combination expands the resources and offerings of both firms, strengthening the capabilities of several practice areas including SEC/public company, private equity, family office, audits, tax planning strategies, international business and wealth management.
“MGO is one of the most impressive and innovative firms in the country. Not only will this move strengthen our practice, it will expand our geographical footprint, provide a deeper bench of resources and expertise to service public companies,” says founder and MP Michael Schwartz. “The two firms have very similar cultures and common commitment to client service.”
Over the past year, MGO has expanded its business in multiple ways, including the creation of new partnerships and lines of business to address the needs of cannabis companies and those who want to invest in the sector. In 2018, the MGO | ELLO Alliance was launched to provide professional services to the cannabis market. Through this alliance, the firm last year also launched ELLO Capital, one of the first U.S.-based investment banks and M&A advisory firms focused on cannabis.