M&A roundup: EY, Withum, EB&K and Harris expand

Accounting

Details: WithumSmith+Brown, a Top 25 Firm based in Princeton, New Jersey, joined practices with Glick & Associates, a firm headquartered in San Francisco, effective Nov. 15, 2022.

As part of the deal, Glick & Associates managing partner Jeffrey Glick will join Withum, along with six other team members. They will relocate to Withum’s existing offices in San Francisco.

Financial terms of the deal were not disclosed. Withum ranked No. 24 on Accounting Today’s 2021 list of the Top 100 Firms. Withum has annual revenue of $330 million, 15 offices, more than 135 partners and over 1,400 employees.

“We are very enthusiastic about joining forces with Withum and believe this union will take us to the next level in client service and career opportunities for Glick & Associates team members,” Glick said in a statement last week. “Both firms share the same commitment to the highest level of integrity, as well as a nimble, flexible and innovative culture that emphasizes problem-solving. These factors were instrumental in our decision to unite.”

His firm specializes in offering tax services to high net worth clients, as well as the professional services and technology sectors, and executive compensation tax consulting.

“Not only does this strategic partnership enhance our presence in the San Francisco Bay Area, which is home to a robust high-tech community, but just as important, this union is a terrific culture fit as both firms have similar core values that put our people first, which in turn produces natural synergies that will benefit our clients through our industry expertise and innovative solutions,” said Chris DeMayo, practice leader for technology and emerging growth services at Withum, in a statement.

This month, Withum also combined with another firm, Restivo Monacelli in Providence, Rhode Island. Last month, Withum added Maffei, Masiello & Co., a firm based in Mendham, New Jersey. In July, it added OUM & Co., a firm headquartered in San Francisco. In January, Withum merged in the Doyle Carden Group, a New York-based private investigative firm. Last year, the firm expanded to California by merging in KSJG, a firm in Irvine.

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