New York-based IPA 100 firm Marcum LLP (FY21 net revenue of $799.1 million) is merging in Nashua, N.H.-based IPA 300 firm Melanson PC (FY21 net revenue of $17.9 million).
“The Melanson team is highly regarded for their leadership, commitment to superior client service and dedication to the highest industry standards,” says Marcum chairman and CEO Jeffrey Weiner.
Founded in 1976, Melanson provides a range of accounting and advisory services to both individuals and businesses, with specializations in the government and non-profit sectors. The deal adds 13 partners and 100 associates to the Marcum team.
“Melanson grew over more than 40 years by providing clients with exceptional financial advice and services while fostering a challenging and rewarding environment for our employees,” says Malanson managing principal Scott Toothaker, who will now serve as Marcum’s OMP in New Hampshire. “We’ve always believed that you can’t have one without the other, and this is what makes our future with Marcum so bright. We share an absolute commitment to individual and collective success that will benefit our clients and our people right out of the starting gate.”
“Melanson was one of the preeminent firms in New England, and their combination with Marcum should produce great growth and long-term value for both,” adds Allan Koltin, CEO of Koltin Consulting Group, who advised both firms on the combination.