J.H. Cohn and Reznick Group, two of the top-20 accounting and consulting firms in the U.S., today announced the completion of their combination, forming CohnReznick. CohnReznick is now the 11th largest firm in the country with combined revenues of more than $450 million. J.H. Cohn’s Chief Executive Officer, Thomas Marino, and Reznick Group’s Chief Executive Officer, Kenneth Baggett, will serve as Co-CEOs of CohnReznick.
The combination establishes broad geographic reach for the new firm with headquarters in New York and offices from Boston to Atlanta on the East Coast; Sacramento, Los Angeles and San Diego on the West Coast; and a growing presence in Austin and Chicago. The firm also has offices in Chennai, India and the Cayman Islands.
“This combination represents incredible opportunity for our clients, partners and our employees,” said Mr. Marino. “The firm has exceptional accounting and tax expertise and advisory skills in such areas as governance, risk and compliance; government advisory; bankruptcy and restructuring; valuation; transactions; and management consulting. We also offer deep industry insight in a number of industries, including renewable energy, hospitality, manufacturing and wholesale distribution, private equity, construction, life sciences and technology, not-for-profit and education, and very large concentrations in commercial real estate and affordable housing.”
With origins dating back to 1919, CohnReznick is currently the 11th largest accounting, tax and advisory firm in the United States. CohnReznick serves a large number of industries and offers specialized services for Fortune 1000 companies, middle-market firms, international enterprises, government agencies, not-for-profit organizations, and other key market sectors. The firm is headquartered in New York with 25 offices, more than 280 partners, and 2,000 employees (www.cohnreznick.com).
“The market is already recognizing the unique differentiators of this firm,” said Mr. Baggett. “During our integration efforts over the last few months, we’ve secured a number of exciting new opportunities together and we’re already providing additional value added resources to existing clients. In the current economic environment, clients require a strong combination of geographic reach, diverse resources, and deep industry expertise. CohnReznick provides all of this along with an entrepreneurial, forward thinking culture that sets us apart from other firms.”
© 2012 PEPD • Private Equity’s Leading News Magazine • 10-10-12