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November 24, 2022

Here’s an Email That Reznick Group CEO Ken Baggett Sent to the Firm’s Clients About the Merger with J.H. Cohn

At least that's what we were told! It was just a copy and paste job so there's no official Reznickness on it but reading through it, you get the sense that this was definitely what the big man sent out:

Reznick Group, J.H. Cohn LLP Announce Merger
 
New Firm Will Be The 11th Largest Accounting Firm in the U.S. With More Than 2,000 Employees, 25 Offices, $445M in Revenue
 
On behalf of your client service team at Reznick Group, I am excited to share some news about the future of Reznick Group and what it means for you and your business.
 
Today, Reznick Group and J.H. Cohn LLP announced plans to merge and become the 11th largest firm in the country with more than 2,000 employees, 280 partners, 25 offices and combined revenues of more than $445M. The principals and partners of both firms have agreed to the combination and terms. Pending final approvals, the merger will take effect in September.
 
This merger of equals creates broad geographic presence and enhanced industry and technical expertise that increase our ability to create opportunity for our clients, our employees, and our firm.  J.H. Cohn has very diverse clients across a wide array of industries. The combined firm will have an unprecedented concentration of industry experience in commercial real estate and affordable housing and highly specialized, combined experience in industries such as renewable energy, hospitality, manufacturing and distribution, banking, capital markets, government, construction, life sciences and technology, and valuations.
 
We’re confident that the combined firm will enable us to better serve your accounting, tax and business advisory needs with:
  • Broader resources across industries
  • Access to additional expertise in many industries
  • A wider range of technical and industry experience
  • A  more extensive national footprint including a strong presence in the New York metro area
  • A better ability to attract top talent to meet the changing needs and business goals of clients
 
While the merger bears an abundance of advantages for our clients, the firm’s service and commitment to meeting your business objectives will remain unchanged:
  • Your client service team will not change
  • There will be no change in client fee structures beyond standard adjustments
  • We will continue to maintain the flexible, high-touch service approach clients demand
  • Our focus on serving middle-market companies continues
 
We are truly excited about the future of our firm and what the pending merger with J.H. Cohn means to the firm, our people and, most importantly, to you – our clients. We will work to ensure that the transition to the combined firm is seamless and continue to provide you with updates as we work through the details of the merger.
 
On behalf of the principals and employees of Reznick Group, I want to thank you for your business. If you have any questions, please contact the principal in charge of your professional services team.
 
Sincerely,
 
Kenneth E. Baggett
Managing Principal & CEO
So nothing Earth-shattering here, but I'm sure the assurance of unchanged fee structures and client service teams is appreciated. If you've got similar emails for J.H. Cohn or more information on the deal, email us.

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