Withum merges in Freed Maxick

WithumSmith+Brown P.C., a Top 25 Firm based in Princeton, New Jersey, has added Freed Maxick P.C., a Top 100 Firm based in Buffalo, New York, the latest big M&A deal for Withum on the heels of its acquisition in June of PKF Texas.

The deal will expand Withum into upstate and western New York. Withum earned $606 million in annual revenue last year, while Freed Maxick earned over $70 million. Withum, which ranked No. 22 on Accounting Today‘s 2025 list of the Top 100 Firms, has over 340 partners and principals and approximately 2,700 team members. Freed Maxick, which ranked No. 93, will be adding 36 partners and around 325 team members. They will remain at their current three offices in Buffalo, Rochester and Batavia, New York.

“This is a home run for both of our firms. Not only does it feel like we’ve been working together for years — a true culture fit —i t positions us for stronger growth.” said Withum managing partner and CEO Pat Walsh in a statement. “Freed Maxick elevates Withum’s presence as a national player in the health care space and is the bookend to our international practice with offices now along the Canadian border. Combining our skills in industrial and consumer products services will give our combined team an advantage when looking toward the future of U.S. manufacturing.”

Freed Maxick will offer Withum an expanded health care audit and consulting practice, along with added expertise in financial services, manufacturing, professional services, higher education, not-for-profit, real estate and technology.

“Joining Withum is an exciting step toward immense opportunity for our people and our clients,” said Freed Maxick managing director Richard Wright Jr. in a statement. “This journey is built on trust earned — a value we’ll continue to uphold under the Withum brand. Withum’s business philosophy and culture align with this sentiment as a people-first, integrity-driven firm. Our clients now have access to the resources of a nationally recognized team of business advisors and accountants — a luxury we’re excited to expand upon. Withum’s perspective complements our existing expertise, offering more expansive solutions in technology, automation, cyber and information security services, as well as enhanced tax and international service capabilities.”

In June, Withum acquired PKF Texas, based in Houston, and in April, it added CTM CPAs in Lincolnshire, Illinois. It added BBD LLP in Philadelphia in April 2024; O’Connor & Drew in Braintree, Massachusetts, in 2023; and Martinez & Associates in Winter Springs, Florida, and Martini Partners in Encino, California, in 2022.