Expanding its footprint on the West Coast, Princeton, N.J.-based IPA 100 firm Withum (FY21 net revenue of $313.7 million) is merging in Encino, Calif.-based IPA 400 firm Martini Partners LLP (FY20 net revenue of $10.2 million).
“Finding the right strategic partner located in the Los Angeles business community is an important part of our vision for growth in Southern California,” says Withum CEO and MP Bill Hagaman. “We found the perfect match with Martini Partners in terms of expertise, geographic location and culture.”
Martini Partners has been providing financial services and strategies to individuals and businesses for 30 years, with particular focus in the consumer products, entertainment, hospitality, health care, real estate and technology industries. As part of the deal, founding partner Steve Martini, MP Christopher Passmore, assurance practice leader Kevin Holmes and 50 additional team members will join Withum and remain at their current location.
“The last two years have demonstrated that our employees and clients truly rely on us,” says Passmore. “We are so excited to join forces with Withum to expand our depth of services and to provide unparalleled career opportunities for Martini Partners team members.”
“For Withum, entering the Los Angeles market was the next logical step after successful combinations in Orange County and San Francisco,” adds Allan Koltin, CEO of Koltin Consulting Group, who advised both firms on the deal. “Interestingly they waited until they found the perfect match, both culturally and strategically. Martini has the size, talent base and the ‘entrepreneurial engine’ which aligned perfectly with Withum.”