Looking to grow its construction practice in the Mid-Atlantic region, New York-based IPA 100 firm Marcum LLP (FY21 net revenue of $799.1 million) is combining with Blue Bell, Pa.-based McCarthy & Company PC.
“McCarthy’s commitment to helping clients navigate complex business challenges aligns seamlessly with our vision at Marcum,” says Marcum chairman and CEO Jeffrey Weiner. “They have cultivated an outstanding reputation within the construction industry and have unique insight into how to solve the most pressing difficulties clients encounter.”
Founded in 1967, McCarthy & Company provides tax and accounting services to clients in the construction, real estate, health care, transportation and logistics sectors. The deal adds approximately 70 partners and associates to the Marcum team, as McCarthy’s existing offices in Blue Bell and Tinton Falls, N.J., continue operations as Marcum’s newest regional locations.
“The merger not only diversifies the capabilities of both firms but also amplifies the professional expertise that clients can tap into,” adds Allan Koltin, CEO of Koltin Consulting Group, who advised both firms on the combination. “McCarthy’s exceptional reputation and specialization in key sectors complement Marcum’s vast network and capabilities.”