FORVIS (FY23 net revenue of $1.7 billion), the eighth largest public accounting firm in the United States, and New York-based IPA 100 firm Mazars (FY22 net revenue of $258 million), will create a new global network effective June 1, 2024.
The new, top 10 network will position both firms for continued global growth by expanding their capabilities to serve clients, especially those with international needs, the firms announced jointly today.
The network will operate under a single brand worldwide, Forvis Mazars. Uniquely formed of just two members, the network is designed to be agile, deliver consistency and have the global scale to meet clients’ needs. Both network members will remain owned by their current respective partnerships. Effective June 1, 2024, Mazars USA will join Forvis Mazars in the U.S.
This is not a merger. Both member firms will retain their independence.
“A two-firm network, operating under a single global brand, quickly advances our firms’ shared strategies. It’s an opportunity to better serve our clients, especially those with international needs, and support our people on a path of continued growth. Our organizations know each other well, with a strong history of collaboration and very similar cultures of putting our people and clients first,” says Tom Watson, CEO of FORVIS.
“I am really delighted that Mazars and FORVIS have taken this transformational step and am excited about the opportunities it presents for both firms in serving our clients and supporting our people” says Hervé Hélias, CEO and chairman of Mazars Group. “We’re proud to bring a pioneering new network model to our industry and are excited to continue this journey together. We are proud to offer our clients the strength of our international integrated partnership in 100 countries and the benefits of FORVIS’ large national partnership in the U.S.”
FORVIS was built on a 100-year legacy of providing an Unmatched Client Experience®, becoming a top 10 firm in the United States while looking toward an expanded global platform. Mazars, with offices in more than 100 countries and territories, works with some of the most recognizable brands in the world.