New York-based IPA 100 firm EisnerAmper (FY22 net revenue of $614 million) announces that the partners and colleagues of Boston-based Edelstein & Company (FY22 net revenue of $30.2 million) are joining EisnerAmper in a combination expected to close in June.
Founded in 1968, Edelstein has 11 partners and a staff of more than 150 professionals. Edelstein offers accounting, tax and advisory services for the food and beverage industry, health care, financial services, nonprofits, real estate, professional services and other sectors.
“Clients want their financial issues solved, concerns lessened and lives made easier. This spurs us to go the extra mile, because our clients’ success is completely interconnected with our own,” said Scott B. Kaplowitch, Edelstein MP. “EisnerAmper is also a ‘go-the-extra-mile’ type of firm. We welcome the opportunity to leverage EisnerAmper’s vast resources in expertise and technology to help take our client service capabilities to the next level.”
Jay Weinstein, EisnerAmper vice chair of industries and markets, added, “For 50-plus years, the professionals at Edelstein have been trusted business advisors. That type of longevity is a powerful testament to Edelstein’s leadership, practitioners and approach.”
“Both EisnerAmper and Edelstein have stellar reputations. This combination is a great fit for EisnerAmper’s growth plan and Edelstein’s strategy to leverage additional services and expertise,” said Bill Reeb, CEO of the Succession Institute, who advised both firms on the deal. “This move makes a lot of sense for both firms and promises to greatly benefit their clients.”
