Miami-based MBAF (FY14 net revenue of $89 million) has merged in Rampell & Rampell of Palm Beach, Fla., expanding MBAF’s presence in South Florida and adding more expertise in various specialties.
With this merger, effective Feb. 1, MBAF has more than 500 employees internationally. MBAF has offices in Maryland, Florida, Nevada, New York and India.
The Palm Beach firm was established by current Rampell & Rampell CEO Richard Rampell’s father, Edward Rampell, in 1959. Their existing office will be MBAF’s office in Palm Beach. Sixteen professionals will join MBAF, enhancing expertise in income and estate taxation, governmental agencies, nonprofit organizations, construction, real estate, retail, forensic accounting, litigation support, venture capital, private equity, and high-net-worth individuals and families.
“We are committed to strategically growing MBAF’s team of talented professionals, enhancing our practice areas and expanding our market presence, all with the end goal of better serving our clients,” says MBAF chairman and CEO Tony Argiz. “Joining with an established and respected firm like Rampell & Rampell allows us to do all three.”
As a result of the deal, Rampell’s employees will be able to participate in MBAF’s continuing education courses, technology training, leadership courses, public speaking seminars, along with fitness and cultural activities for employees and their families.
“Aligning with MBAF allows us to enhance and strengthen our capabilities to the benefit of our clients, while increasing our reach throughout the United States,” says Richard Rampell in a statement. “We share a similar view on the importance of having a strong corporate culture, delivering the highest level of client service, and being involved members of the community.”
Rampell & Rampell’s clients will also now have access to MBAF’s affiliate network, which includes WhiteOwl, a provider of business and financial management solutions, and Fiscal Management Associates, a consulting firm dedicated to strengthening nonprofit’s financial and operational health.