New York-based IPA 100 firm Marcum LLP (FY20 net revenue of $689.1 million) is merging in LTSP Inc. of Newport Beach, Calif.
“LTSP is a strong cultural fit with Marcum that brings great synergies for the clients and staff of both firms,” says Marcum chairman and CEO Jeffrey Weiner.
Founded in 1976, LTSP provides accounting and advisory services to closely held businesses and high-net-worth individuals. As part of the deal, three partners and 19 associates from LTSP will join Marcum, with LTSP MP Mark Murphy becoming the OMP of Marcum’s new Newport Beach office.
“The big attraction of this merger for us is that both firms share a focus on closely held, entrepreneurial clients,” says Murphy. “We have the same personal, hands-on approach to delivering service, and that is highly appealing to our team. And, because they are a national firm, we will have ten-fold opportunities under Marcum that will benefit our clients as well as our staff.”