New York-based IPA 100 firm CohnReznick (FY24 net revenue of $1.15 billion) announced the acquisition of Houston-based IPA 200 firm Ham, Langston & Brezina (HL&B; FY24 net revenue of $23.9 million), effective July 1.
With three offices, HL&B’s local expertise expands CohnReznick’s presence in Texas. HL&B’s team of 12 partners and 87 employees brings experience in energy, financial services, construction, nonprofit and benefit plans. CohnReznick will leverage its advisory, assurance and tax capabilities in real estate, private equity, financial services, technology, and consumer and manufacturing to serve the greater Houston market. CohnReznick’s existing presence in Texas includes offices in Dallas, Austin, and a team in Houston focused on state government projects.
“Joining CohnReznick represents an exciting new chapter for our firm, our people and our clients,” says Rob Brezina, MP of HL&B. “We’ve built a strong reputation serving the Houston market, and by combining our deep local relationships with CohnReznick’s national platform and expanded resources, we are even better positioned to help our clients navigate complexity and seize new opportunities, while creating new growth and development opportunities for our talented team.”
The acquisition is the latest in a series of combinations CohnReznick has completed over the past year, in partnership with Apax Funds. The firm has expanded its presence to Minneapolis, San Francisco, Tampa, Fla., Denver, Tallahassee, Fla. and Richmond, Va.
“HL&B’s strong talent, great client relationships and industry depth complement our existing capabilities and will accelerate our ability to meet the needs of clients across Texas,” says David Kessler, CEO of CohnReznick. “This combination advances our strategic growth in Houston, a key market for our firm, and expands our capabilities in energy, financial services and real estate. Together, we are building a stronger, more connected platform to serve clients and drive long-term value.”
“CohnReznick has demonstrated a clear commitment to expanding in high growth markets such as Houston, and the addition of HL&B enhances both its geographic footprint and industry expertise. It’s a compelling move that positions the combined organization for continued success,” says Allan D. Koltin, CEO of Koltin Consulting Group, who advised on the transaction.
