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Rehmann combines with Martinet Recchia

May 1, 2025
in Accounting
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Rehmann combines with Martinet Recchia
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Rehmann, a Top 50 Firm based in Troy, Michigan, has added Martinet Recchia, a family-owned CPA firm in the Cleveland suburb of Willoughby, expanding Rehmann’s presence in Ohio, complementing its existing office in Toledo.

Martinet Recchia dates back to 1955 when it was founded by Thomas and Richard Martinet. Richard’s son Keith Martinet remains a shareholder today, while managing shareholder Joseph Recchia joined the firm in 1998. All of Martinet Recchia’s shareholders intend to stay with the firm, along with the entire staff, and the firm will continue to operate in its current location under the Rehmann name.

Financial terms of the deal were not disclosed. Rehmann ranked No. 38 on Accounting Today‘s 2025 list of the Top 100 Firms with $219.45 million in 2024 revenue. Rehmann has 60 partners and 1,099 staff, while Martinet Recchia has four partners and 26 staff.

“We’re thrilled about this mutually beneficial business combination and what it means for our clients and their organizations,” said Rehmann CEO Stacie Kwaiser in a statement Thursday. “Both firms share similar cultural values and philosophies related to client service, striving to be good community partners, and supporting the areas in which our associates live and work. The added expertise and capacity on both sides will allow us to continue maximizing client potential in Ohio and beyond.”

Martinet Recchia offers various tax and business consulting services to the construction, manufacturing and distribution, restaurant & hospitality, and professional services industries.

“Like Rehmann, we put people first,” Martinet stated. “As a small local firm, we pride ourselves on meeting regularly with our clients in person, which has inspired their loyalty over the firm’s 70 years. Similarly, we’ve always taken care to prioritize work/life balance for our staff, and it’s their commitment—in addition to our great clients—that has made us successful. We’re excited about this new chapter, and I think if my father saw where the firm was now, he would be very proud.”

“Combining with Rehmann offers more professional development opportunities for our associates who want to advance in their careers,” Recchia added. “We’re always looking for ways to better serve our clients, and this combination gives us increased capacity and broader services in a competitive market. It will still be our associates on the end of the phone offering the same quality service, but now we’re one team serving clients in the Cleveland area.”

Last year, Rehmann  expanded in its home state of Michigan by adding Walker, Fluke & Sheldon in the Western part of the state. In 2022, Rehmann merged in Vestal & Wiler in Orlando, Florida, and had several M&A deals in 2018 in other parts of Michigan and Florida.

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