Prager Metis CPAs, The Bernknopf Group Merge

New York-based Prager Metis CPAs (FY15 net revenue of $43 million) has announced a merger with Morganville, N.J.-based The Bernknopf Group.

The combination will add a second Prager Metis office in the state, in addition to the Basking Ridge office. Steven Bernknopf, MP of the Bernknopf Group, will be joining Prager Metis as a principal.

“We’re excited that this merger enables us to better serve our clients in the New Jersey market,” says Lori Roth, regional MP of New Jersey. “For the Bernknopf clients, joining forces establishes a deeper breadth of support and services. The combination provides more stability in a very competitive New Jersey market, so it’s a good move for both firms.”

The Bernknopf Group has more than 30 years of experience providing tax, accounting and financial planning services to individuals and closely held businesses. Bernknopf will lead Prager Metis’ financial planning services in New Jersey.

“Prager Metis has a level of expertise and a growing reputation that is unique for an accounting firm of its size,” says Bernknopf. “Their firm culture and desire to expand their New Jersey presence fit so well with my background and areas of expertise that I feel Prager Metis is a perfect fit for our firm.”

Phil Whitman and Phyllis Eisenberg of Whitman Business Advisors acted as facilitators in the transaction.