Prager Metis Expands New York Presence

New York-based Prager Metis CPAs (FY13 net revenue of $35.9 million) announced the merger with New York-based Polakoff & Michaelson CPA (P&M). The combined firms will offer a wider breadth of services to family office entities and high-net-worth individuals as well as accounting services. The merger is effective Jan. 9.

Craig Michaelson is the chairman and CEO of P&M, a firm founded more than 75 years ago. He says, “We are thrilled to be joining such a dynamic firm with Los Angeles, London and New York offices, and their additional services and technological capabilities. They provide the depth and scale that we were looking to provide for our clients.”

“We are very excited with their addition of Polakoff & Michaelson,” says Glenn Friedman, Co-MP and PIC of M&A for Prager Metis. “We wanted to expand our service capabilities by increasing our family office services. Polakoff & Michaelson’s bring a tremendous breadth of experience as well as a shared value of hands-on client service. It is the perfect fit.”