Marcum Acquires Cornerstone Accounting Group

New York-based Marcum LLP (FY12 revenue of $275.5 million) announced the merger with Cornerstone Accounting Group, an accounting and assurance firm, focused on the real estate industry, with headquarters in New York City. The merger is effective immediately.

The Cornerstone team consisting of five partners and 75 staff will join Marcum. Cornerstone’s MP Daniel Vitulli will become National Leader of Marcum’s Real Estate industry group and will join Marcum’s Executive Committee.

Cornerstone provides a full range of accounting and assurance services to its industry-leading clients, including private equity funds, hedge funds, real estate investment trusts, pension advisors and private real estate companies. “Daniel Vitulli and the Cornerstone team are a best-in-class national organization and this transaction firmly establishes Marcum as a premier national real estate accounting group,” says Jeffrey Weiner, Marcum’s MP.

“As a national accounting firm with a footprint in over 20 regional markets, Marcum provides the Cornerstone Accounting Group the opportunity to significantly expand our reach and grow services for both our local and national clients,” says Vitulli.