Marks Paneth Announces Opening of Florida Office

New York-based Marks Paneth (FY15 net revenue of $110.9 million) is opening an office in Boca Raton, Fla.

The office will initially provide tax and estate planning services for high-net-worth individuals and family offices in the South Florida region. The firm intends to build on this platform to attract new clients across additional practice areas.

“The Florida market is a natural extension of the services and expertise offered by Marks Paneth throughout the Northeast,” says MP Harry Moehringer. “This move will enable us to provide a greater level of service continuity to our clients who spend part or all of the year in Palm Beach and Broward Counties, as well as open doors to new client relationships.”

In addition to the firm’s expansion into Florida, Marks Paneth has recently enhanced its East Coast presence with expanded offices in Purchase, N.Y., and Parsippany, N.J., and the acquisition of several firms in New York City and Pennsylvania.

Weiner Named Chair and CEO of Marcum, Bukzin Named Vice Chair

Jeffrey Weiner

Jeffrey Weiner

The executive committee of New York-based Marcum (FY15 net revenue of $412.4 million) has named Jeffrey Weiner chair and CEO and David Bukzin vice chair.

Weiner previously served as MP, a position he had held since 1990. Bukzin held several titles, including PIC of Marcum’s SEC services practice group. He will continue to lead the national SEC practice as well as the firm’s New York office.

Other leadership titles at the office and service line management levels have also been changed.

David Bukzin

David Bukzin

“All of these changes will help support Marcum’s continued growth and better align the firm with others in the accounting industry,” Weiner says. “As Marcum has expanded into new geographies and service offerings and absorbed other firms with their own cultures, it has become more complex over time to maintain a clearly defined leadership system. These changes will simplify things and make it easier for clients and future partners to understand our structure.”

Under Weiner’s leadership, Marcum has expanded from a one-office regional firm of 20 employees to a firm ranked among the largest in the United States.

CohnReznick Adds Three New Members to Its Executive Board

David Kessler

David Kessler

New York-based CohnReznick (FY16 net revenue of $589 million) has elected the following partners to serve as the newest members of the firm’s executive board: David Kessler, Mike Micholas and Alan Wolfson.

The board, including CEO, is responsible for the firm’s business and growth strategy and oversees the day-to-day operations of the management committee.

Each member’s term is three years with provisions for reelection. This year, Risa Lavine, principal and chief of staff, was re-elected to the board.

“As our newest board members, David, Alan and Mike bring diverse perspectives as representatives of distinct regions and industries in our firm,” says CEO Frank Longobardi.

Mike Micholas

Mike Micholas

Kessler is national director of the commercial real estate practice. He has more than 30 years of experience providing audit, tax and management advisory services to the real estate and financial services industries, representing clients nationally

Micholas is regional MP of CohnReznick’s Mid-Atlantic region. He has more than 30 years of auditing, accounting, tax and consulting experience. His responsibilities include developing profitable business opportunities, coordinating federal government contracting work and charting the future direction of the region.

Alan Wolfson

Alan Wolfson

Wolfson is OMP of the fim’s New York office, CohnReznick’s headquarters. He has more than 30 years of diversified public accounting, tax and consulting experience, and provides advisory services to his clients that help them position their businesses for growth and maximize available tax benefits.

The other members of CohnReznick’s Executive Board are: Longobardi, Lavine, Kevin Clancy, Keith Denham, George Klenovich, Michael Monahan, Scott Sachs, Ira Weinstein, Michelle Fleishman (ex-officio), Robert DeMeola (ex-officio).

Grant Thornton Names Poveda PIC of the Albany Market

Michael Poveda

Michael Poveda

Chicago-based Grant Thornton (FY15 net revenue of 1.5 billion) has named Michael Poveda as PIC of the Albany market. In this role, Poveda will focus on client service, growth and talent development in the Northeast.

“Mike will do a fantastic job leading our Albany market, building on our investment and momentum in upstate New York,” says Frank Kurre, Grant Thornton’s Metro New York and New England MP. “He brings remarkable leadership qualities, and significant experience in audit and advisory engagements that will foster continued success for our clients.”

Poveda joins Grant Thornton with more than 20 years of public accounting experience providing assurance and business advisory services to public and private companies. In his previous role, he led cross-functional, diverse teams delivering services to clients ranging from multinational Fortune 500 companies to successful startups, and was a partner at Deloitte.

Sikich Names Murphy PIC of Manufacturing and Distribution Practice

Jerry Murphy

Jerry Murphy

Naperville, Ill.-based Sikich (FY15 net revenue of $116.6 million) has named Jerry Murphy the new PIC of its manufacturing and distribution practice. Murphy has more than 25 years of experience working with manufacturing companies on assurance, operations improvement, strategic planning, and mergers and acquisitions.

“Our firm has deep experience in the manufacturing and distribution industry,” Murphy says. “My goal is to build on that experience and give our teams the tools they need to stay on the cutting edge of industry developments. This will enable us to continue to address a range of client needs in a time of disruptive change for manufacturing and distribution.”

Sikich’s manufacturing and distribution practice provides accounting, technology, supply chain, and advisory and managed services to manufacturers, wholesale distributors, and warehousing and storage companies.

“Jerry has spent his entire career helping manufacturers and distributors develop creative solutions that improve their business operations and bottom line,” Sikich CEO Chris Geier says. “As the leader of our manufacturing and distribution vertical, he will help us continue to sharpen our expertise and enhance the many services we offer clients in this industry.”

WithumSmith+Brown Unites with PWM Advisory Group to Form Withum Wealth Management

Princeton, N.J.-based WithumSmith+Brown (FY16 net revenue of $147 million) has united with Red Bank, N.J-based PWM Advisory Group, an independent registered investment advisor, to form Withum Wealth Management (WWM).

For several years, PWM has been providing private wealth management services to Withum’s high-net-worth individual and family clients residing primarily in New Jersey, New York, Pennsylvania and Florida.

“This alignment of brands in forming Withum Wealth Management underscores our commitment to being a full-service provider to our clients, helping them to be in a position of strength,” says MP Bill Hagaman. “The relationship helps us achieve our goal to have Withum Wealth become a leading accounting-related wealth management firm in the country.”

An affiliate of Pinnacle Associates, a national firm with over $6 billion of assets under management, WWM is led by an experienced and highly credentialed team with Jim Ferrare as president.

PKF O’Connor Davies Launches Recruitment Service

New York-based PKF O’Connor Davies (FY15 net revenue of $123 million) has launched TalentConnect, a new outsourced recruiting offering that allows clients to utilize the firm’s deep team of HR experts and network of accounting and finance professionals to identify and recruit top talent for their organizations.

The service will be offered at a fraction of what it would cost to engage headhunters or employment agencies, the firm announced.

“Talent is the key to winning, and we believe this offering can help level the playing field for some of our clients that don’t have the HR depth to compete in the recruiting game,” says MP Kevin J. Keane. “We have a deep team of HR experts and an unmatched network of accounting and finance professionals that have helped us grow, and now we can do the same for clients.”

TalentConnect brings together businesses with key industry players – from CFOs to bookkeepers – including those who may not be actively searching but receptive to a move. Additional TalentConnect services include formulating job descriptions, advising on salaries and benefits, creating and posting job listings in online and print media, collecting and reviewing responses, cover letters and resumes, and collaborating on candidate assessments.

CBIZ Acquires Private Equity Consulting Firm, Insurance Agency

Cleveland-based CBIZ (FY15 net revenue of $610 million) has announced that it has acquired substantially all of the assets of Philadelphia-based CMF Associates and a South Florida insurance agency, Slaton Insurance.

Founded in 2001, CMF provides transaction and transition-focused financial, operational and human capital solutions to private equity firms and their portfolio companies across North America.

CMF MP Thomas Bonney said the firm was looking for a partner who shared their “growth-oriented vision.” He adds, “We found in CBIZ an advocate that will provide us with offices across the country, complementary tangential services and the resources to drive portfolio value creation in a more comprehensive way and on a national scale.”

CMF has served more than 135 private equity funds across more than 500 companies with transaction advisory, office of the CFO, strategic financial planning and analysis, and executive search offerings. It has three U.S. offices and one in Vancouver, British Columbia. CMF has more than 75 associates with about $19.2 million in revenue in 2016.

Jerry Grisko, president and CEO of CBIZ, said, “Our intent is to provide a level of service and breadth of expertise – that doesn’t currently exist – to one of the fastest-growing industries in the U.S.”

In addition, it has acquired an insurance agency that specializes in golf and country clubs. West Palm Beach, Fla.-based Slaton Insurance provides property, casualty and personal insurance for clients in and around Florida’s North Palm Beach County.

The company has 14 employees and recorded $2.6 million in revenue in 2016, according to a statement by CBIZ.

“The addition of Slaton will enhance our South Florida operations and complement our Delray Beach office by expanding our expertise in North Palm Beach County,” Grisko says.

John “Cal” Boynton, president, and Casey Cunniff, MP of Slaton say, “Joining CBIZ gives us the opportunity to continue to provide our clients with the service they have come to know and trust. Our clients will further benefit by having access to the full suite of CBIZ’s offerings including risk management, payroll and financial services. Additionally, CBIZ’s culture closely aligns with that of Slaton, making this a seamless transition for our employees and clients alike.”

In 2014, CBIZ purchased Weekes & Callaway, an insurance agency in Delray Beach, Fla. W&C had about $9 million in annual revenue and many of its largest clients were golf, yacht and country clubs.

Freed Maxick Names New Firm Leader

Henry Koziol Jr.

Henry Koziol Jr.

Buffalo, N.Y.-based Freed Maxick (FY16 net revenue of $45.2 million) has announced that Henry Koziol Jr. has been named managing director, effective July 1. Koziol has been with Freed Maxick for more than 30 years and has served in a leadership role at the organization for more than 15 years.

“There is a long legacy of strong leaders at Freed Maxick who have guided us to serve our clients and our community by building personal relationships and I look forward to carrying on that legacy,” states Koziol. “What differentiates us is our people and depth of knowledge and I am committed to continued development of both to better serve our clients every day.”

The current firm leader, Timothy McPoland, has decided to return to a director role focused on business development as the firm expands its geographic footprint. He will also support the directors leading the assurance, SEC, litigation support and business valuation practice areas.

McPoland states, “I’m looking forward to getting back to what I really enjoy doing – business development and working directly with clients. This is where my passion is and I look forward to using my strengths in these areas to help our clients and continue the firm’s growth.”

Freed Maxick is an IPA 100 firm, with 36 directors and more than 300 employees in five New York offices – Buffalo, Batavia, Rochester, Syracuse and Albany.

Marcum Merges In Warren Hennagin’s Construction Practice

New York-based Marcum (FY15 net revenue of $412.4 million) has merged in the construction accounting practice of Warren Hennagin, who will serve as a leader in the construction services practice for the California region.

Hennagin joins Marcum as an assurance services partner in the Irvine, Calif., office. Marcum also has California offices in Los Angeles, San Francisco and San Jose.

Hennagin has more than 30 years of experience in audit, accounting, tax planning and business consulting, with a specialization in the construction industry. He has served as president of the Construction Industry CPAs/Consultants Association (CICPAC) and is a member of other construction associations.

“The integration of Warren’s construction practice is part of our ongoing investment in Marcum’s national construction industry group. Warren will play a strategic role on the leadership team as we continue to grow construction services in the California region,” says MP Jeffrey M. Weiner.

The two firms have known each other for close to a decade but only in recent years did the discussions really begin to heat up, says Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the merger. “Warren’s decision to join Marcum was driven by the compatibility of their culture, leadership opportunities and the strategic fit of their practice.”

Joseph Natarelli, national PIC of construction services, says of Hennagin, “His broad industry leadership experience and highly nuanced expertise will be an important new asset in our construction services group.”

Hennagin notes that most sectors of the construction industry are growing stronger, “although project margins have improved only marginally. The theme for the industry for the foreseeable future will continue to be a severe shortage of labor.”