November 20, 2015 (New York City, NY) - Marcum LLP, a top national accounting and advisory services firm, today announced that it will merge with Smart, Devine & Company, LLC, a full-service accounting and consulting firm headquartered in Philadelphia, effective December 1, 2015.
Smart Devine is a well-established accounting and consulting firm highly regarded for its comprehensive audit, tax, risk and financial advisory, litigation support, and forensic accounting services. PCAOB-registered, Smart Devine serves publicly traded, privately held as well as not-for-profit clients across a broad range of industries. The firm was ranked among the top 25 accounting and management consulting firms in Philadelphia by Philadelphia Business Journal and was the only Philadelphia accounting firm named by Accounting Today as a top Mid-Atlantic firm for 2015.
Approximately 75 partners and staff will join Marcum, and the firm's two Pennsylvania offices, in Philadelphia's Center City and King of Prussia, will become part of the Marcum organization.
"We are privileged to welcome a firm with Smart Devine's reputation for excellence and track record of success," said Jeffrey M. Weiner, Marcum's managing partner. "In Smart Devine we have found a team that shares Marcum's commitment to superior client service and uncompromising professional skill. The synergies between our firms are already apparent, and we anticipate significant contributions from the Smart Devine team to Marcum's continuing growth in the Philadelphia region."
"Combining with a national firm of Marcum's stature and reach is a natural progression for Smart Devine," said James J. Smart, founder and CEO of Smart Devine, who joins Marcum in the newly created position of partner-in-charge of mergers and acquisitions. "The depth of Marcum's expertise and service offering will be a significant new asset for our clients, and we look forward to working with our new partners on a mutually beneficial future."
"Jim Smart and Rich Devine have been central figures in the Philadelphia accounting industry for over 25 years. They have assembled a top-notch team that brings substantial additional experience and capability to our Philadelphia Region," said Jeffrey Zudeck, Marcum's Philadelphia partner-in-charge.
Marcum LLP is one of the largest independent public accounting and advisory services firms in the nation, with offices in major business markets throughout the U.S., Grand Cayman and China. Headquartered in New York City, Marcum provides a full spectrum of traditional tax, accounting and assurance services; advisory, valuation and litigation support; and an extensive range of specialty and niche industry practices. The Firm serves both privately held and publicly traded companies, as well as high net worth individuals, private equity and hedge funds, with a focus on middle-market companies and closely held family businesses. Marcum is a member of the Marcum Group, an organization providing a comprehensive array of professional services.