December 3, 2015
Long Island Partner-in-Charge Carolyn Mazzenga Quoted in Long Island Business News Story About Recent Marcum Mergers
Long Island Business News
By Bernadette Starzee
Heading into 2016, there will continue to be an urge to merge in the accounting industry as regional firms look to expand their footprints and practice areas and aging sole proprietors and small firm partners seek an exit strategy, as well as the resources of a larger firm.
Few Long Island firms have been as active on the merger-and-acquisition front as Marcum, which announced its latest deal last week. The firm, which has 300 people in its Melville offices, will join forces with Philadelphia-based Smart, Devine & Co., effective Dec. 1. The deal will add two offices (the other is in King of Prussia, Pa.) and 75 partners and staff members to Marcum’s existing 25 offices with 1,400 people, while expanding the firm’s reach in Pennsylvania, where it already has an office in Bala Cynwyd.
