New York-based IPA 100 firm Marcum LLP (FY20 net revenue of $689.1 million) is merging in BWTP PC of St. Louis.
“BWTP is an excellent match with Marcum, as they have a long history of delivering superior service based on deep industry knowledge, valuable insight, technical skills, personal attention, responsiveness and significant partner involvement,” says Marcum chairman and CEO Jeffrey Weiner. “Their longstanding client relationships are a testament to their value as a trusted business partner, which is highly consistent with Marcum’s commitment to superior client service.”
Founded in 1982, BWTP provides tax, accounting, consulting and advisory services to individuals and closely held businesses across numerous industries, including construction, dental, manufacturing and distribution, medical, non-profit and real estate. As part of the deal, BWTP Transition Solutions LLC, which provides M&A services to dental practices, will become a new service offering under Marcum’s transaction advisory group. In addition, in January 2022, Mason Road Wealth Advisors LLC, an affiliate of BWTP, will become part of investment advisory firm Marcum Wealth.
“More and more firms are combining with Marcum because of their advanced technology and innovation, as well as their ability to grow talent, says Allan Koltin, CEO of Koltin Consulting Group, who advised both firms on the merger. “BWTP was sought after by many acquirers but chose Marcum because of their culture and commitment to exceptional client experience.”