SKMB dates back to 1959. The combination expands Marcum’s financial reporting, audits, tax consulting and preparation, bookkeeping, and business valuation and litigation services.
Financial terms of the deal were not disclosed. Marcum ranked No. 13 on Accounting Today‘s 2024 list of the Top 100 Firms with $1.325 billion in annual revenue. The firm has roughly 550 partners and over 4,100 associates. SKMB will be adding two senior advisors and around 10 other employees to the firm.
“We have always focused on professional excellence and client service, principles that resonate deeply with Marcum’s own,” said SKMB co-managing partner Edward Bortnick in a statement. “While I look forward to the enhanced capabilities we will bring to our clients, I am also excited about the opportunity it creates for our employees.”
“By joining a firm that places immense value on professional growth and development, our team will benefit from Marcum’s extensive training programs, career advancement paths, and a culture that fosters innovation and leadership,” said SKMB co-managing partner Henry Meadows.
Marcum has had a presence in Maryland for about 75 years. “This deal is a natural extension of our strategy to grow with firms that share our values and dedication to client service,” said Marcum chairman and CEO Jeffrey Weiner in a statement Thursday. “This partnership enhances our capabilities, further solidifies our position as a powerhouse in the Mid-Atlantic region, and creates extraordinary value for our clients and employees.”
“SKMB’s local knowledge and experience are unparalleled, and we are thrilled to integrate their strong capabilities into our Rockville Maryland practice,” said Jeffrey Zudeck, Marcum’s Mid-Atlantic regional managing partner, in a statement. “We see a future of shared growth and continuing success as we introduce Marcum’s comprehensive solutions to our expanded client base in Maryland.”
In February, Marcum merged in
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