New York-based IPA 100 firm Marcum (FY22 net revenue of $1.2 billion) has announced that it is strengthening its government practice in New England by merging with Powers & Sullivan of Wakefield Mass., as of Feb. 1.
A leader in auditing governmental entities across Massachusetts, Powers & Sullivan has built an impressive portfolio of services spanning accounting, auditing and management consulting. Four partners and 26 associates from Powers & Sullivan are now integrating into Marcum’s team. The terms of the deal were not disclosed.
“Like Marcum, Powers & Sullivan is a firm committed to client success and has extensive experience leveraging its deep knowledge to help clients solve big problems – and we’re pleased that, as Marcum, we can now do even more for governments and municipalities throughout New England,” said Jeffrey Weiner, chair and CEO Jeffrey Weiner. “This merger underscores the dedication to clients that both firms share and further enhances our ability to deliver industry-leading solutions.”
As a result of this merger, Powers & Sullivan’s clients will now benefit from the broad spectrum of services provided by Marcum. In addition to expanded assurance, accounting, financial reporting and management consulting services, Powers & Sullivan clients can now enjoy specialized offerings in cyber and information security and executive search, among others.
James Powers, PIC of Powers & Sullivan leading up to the merger, commented: “The similarities between our firms extend beyond shared services and industry practices; they are rooted in our collective dedication to making a workplace that supports teamwork, innovation and professional development at every level. This merger with Marcum presents our team with unprecedented opportunities for growth within a larger, equally forward-thinking organization.”
