Northeast Mega-Merger Creates New Top 15 Firm

According to published reports, IPA Top 100 New York-based Eisner LLP (FY10 net revenue of $134.7 million) and IPA Top 100 Edison, N.J.-based Amper Politziner & Mattia LLP (FY10 net revenue of $114.2 million) are combining practices effective Aug. 17.

The combined firm will be known as Eisner Amper and will employ about 1,200 staff. The newly merged firm is expected to have annual revenues of approximately $250 million, and will jump into the ranks of the IPA Top 15 firms in the nation.

According to IPA’s Top 100 data, Eisner reported an increase in revenue this year of 1%, and Amper reported a negative growth rate of – 4.8%. Eisner is No. 5 and Amper is No. 7 in IPA’s ranking of Top 10 non-national firms in the Northeast.

“For Amper, growing New York City was a major strategic initiative and by combining with Eisner they achieve that goal the day after. For Eisner, they pick up some exceptional niches from Amper and will also be able to take some of their niches into the New Jersey and Philadelphia markets. At $250 million in fees [revenue] throughout New York, New Jersey and the Philadelphia (marketplace), they will be recognized as a powerhouse the day after the merger,” says Allan Koltin of PDI Global Inc., in a previously published news report.

Eisner is currently a member of PKF International, and Amper is a member of Baker Tilly International.

You can read more on this merger next week. Stay tuned.