Princeton, N.J.-based IPA 100 firm Withum (FY24 net revenue of $584.2 million) has announced Lincolnshire, Ill.-based firm CTM CPAs & Business Advisors, joined its practice, effective May 1. CTM’s four partners and approximately 50 team members will remain at their current Lincolnshire office.
“We are very excited and eager to become part of the Withum team. Our client promise has always been to build long-term relationships through exceptional client service to help them reach their goals,” says Steven Edelheit, MP of CTM. “It is for these reasons, among many others, that joining forces with Withum will offer our valued clients and dedicated staff more opportunities to thrive and achieve success.”
Withum’s MP and CEO, Pat Walsh is equally thrilled about this union, as it expands the firm’s footprint in the Midwest and industry specialties. He shares, “Uniting our firms allows us to expand our portfolio of franchise clients. CTM’s team will bring additional depth of service and expertise in this area. Their approach to client service, proven by a similar tenure in the profession, blends seamlessly with ours. Together, we share a people-first mentality with a vision of providing best-in-class solutions through a dynamic approach to problem-solving for our clients’ growth and success.”
Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the combination commented, “This is truly a spectacular combination for both firms. This gives Withum a strong foothold in the greater Chicago business and financial community and substantially expands their franchise and restaurant practice overnight. For CTM it receives substantial resources, services, and technology to grow and help their clients and will also accelerate the growth opportunities for their younger talent and future stars.”
