Private Equity Is Now Dipping Its Toes In Public Accounting Firms
In early August, EisnerAmper announced a “strategic investment” in the firm courtesy of investment management firm TowerBrook Capital Partners, the first of its kind for a firm of that size. The door is now wide open for private equity to get a piece of the accounting pie. Per the press release: TowerBrook’s significant capital infusion […]
Layoff Watch ’20: EisnerAmper Gave 44 People Some Bad News Today
[Updated with additional information.] We just got word that during a presentation this morning, EisnerAmper CEO Charles Weinstein announced that there have been layoffs at the top 20 accounting firm, according to two sources. According to one source, 44 employees were laid off today and those people did receive a severance package (unknown terms) and […]
EisnerAmper Poaches Someone From KPMG and Issues a Press Release, Part I
News of new hires in public accounting has pretty much dried up since the COVID-19 outbreak in the U.S. led to many firms turning off the lights and going into work-from-home mode for the foreseeable future. Earlier this week we posted about KPMG recently hiring 10 senior tax professionals, including three from EY and two […]
Deloitte Is Finally Finished with That Whole Aequitas Investors Lawsuit Thing
That’s because the $234.6 million settlement Deloitte, EisnerAmper, and five other companies reached with investors of the now-defunct Oregon investment company Aequitas last July was approved in Oregon federal court on Dec. 16. According to Law360, the judge also approved nearly $58 million in attorneys fees and costs. Deloitte, EisnerAmper, law firm Sidley Austin, securities […]
EisnerAmper Poaches Someone From PwC and Issues a Press Release, Part I
Brent Lipschultz has boomeranged back to EisnerAmper after a four-year layover at PwC where he was a partner in the firm’s Personal Financial Services practice. Lipschultz, who has been a guest on CNBC a time or two to talk about taxes, investor confidence, and a bunch of other wealth advisory stuff, has re-emerged at EA […]
Deloitte, EisnerAmper, 5 Others to Pay $235 Million to Settle Aequitas Investors’ Lawsuit
Why go through a lengthy, expensive trial, not knowing whether you’ll win or lose, when you can pay a shit-ton of money to make it all go away? That’s what the seven defendants, including Deloitte and EisnerAmper, did to settle a class-action lawsuit filed three years ago by investors of Aequitas accusing the accounting firms, […]
Going Concern March Madness 2012: Is There Anything Cool About These Final Four Firms?
After two rounds of intense competition to determine the coolest accounting firm, we have come down to the final four. The Usual Suspects are long gone and the remaining favorite, Grant Thornton, was tattooed in the second round. So who are we left with? What firms are desperately hanging on to be accepted as, not […]
Going Concern March Madness 2012 Enters Round 2: No More Big 4
Today marks the day that you're pulling out brackets again that just serves as a reminder of how horrible you are at picking winners. Accordingly, we'll dive right into round two of Going Concern March Madness 2012: The Coolest Accounting Firm. Again this year we saw a bunch of upsets in round one with all […]
Eisner and Amper Politziner & Mattia End Suspense, Officially Announce Merger
This, after the two firms downplayed the rumors of the transaction last week. Charly Weinstein, EisnerAmper CEO and Howard Cohen, EisnerAmper Chairman got down to brass tacks in this video:
BPR announcing the exceptional service to the NY/NJ/PA corridior:
New York, N.Y. and Edison, N.J. — August 16 /PRNewswire/ — Eisner LLP and Amper, Politziner & Mattia, LLP announced today that they have combined their practices to form EisnerAmper LLP. The newly formed entity will be the 14th largest accounting firm in the United States and the leading regional firm in the Northeast, with more than $250 million in annual revenue.
Combined, EisnerAmper is the premier regional accounting firm in the New York-New Jersey-Philadelphia corridor, with more than 1,200 staff, including 170 partners. Its principal practice groups provide a variety of accounting, tax and other professional services to closely-held and publicly traded companies, financial institutions, and high net worth individuals and families. EisnerAmper’s core expertise extends to the financial services industry, technology, life and health sciences, software, clean tech, real estate, healthcare, manufacturing and distribution, as well as sports, media, entertainment and others. The firm is also the nation’s 10th largest auditor of SEC registrants.
“This combination is the most important and exciting development since the founding of our respective firms and it is hard to imagine two firms that represent a better strategic and cultural fit,” said EisnerAmper’s Charly Weinstein. “Given our complementary strengths in practice areas and regional reach, together with the combined knowledge of our talented professionals, EisnerAmper is exceptionally well positioned to continue to provide our clients with the highest level of expertise and service.” EisnerAmper’s Howard Cohen added, “Our firms share this common vision and strategy, and we look forward to deploying our combined resources and expertise to meet the increasingly complex accounting and business advisory needs of our clients throughout the Northeast and beyond.”
Expanded Services for an Evolving Business Environment
The firm’s expanded resources and expertise will benefit clients that face the challenges of a rapidly changing regulatory landscape, new taxation initiatives, and a volatile and competitive global business environment. EisnerAmper provides a broad array of professional services that address this changing competitive environment, while maintaining the personalized, quality service and relationships that its clients expect and value.EisnerAmper presents a unique combination of financial expertise in one organization. The firm offers comprehensive audit, tax and business advisory services for the insurance, banking and alternative finance markets (including hedge funds, private equity, venture capital funds and broker-dealers).
Beyond accounting, audit and tax, EisnerAmper’s advisory services include enterprise risk management, mergers and acquisitions, business and asset valuation, debt financing, internal audit, forensic accounting and litigation consulting, reorganization and insolvency and international expansion. Clients of the firm have access to a deep pool of talented professionals with expertise in many industries and practice areas, who can help clients address complex accounting, tax and compliance issues.
EisnerAmper will serve clients from its 11 offices which are located in New York City and its suburbs, across New Jersey, in Philadelphia, and in the Cayman Islands. EisnerAmper is an independent member of PKF International, the 11th largest global accountancy network of over 240 legally independent member and correspondent firms located in 125 countries. EisnerAmper’s affiliation with PKF International enables the firm to provide technical and advisory services across North America and around the world to clients with international requirements.
A Magnet for Talented Professionals
The expanded career opportunities resulting from the combination make EisnerAmper a firm of choice, enabling it to continue to attract and retain the best and brightest professionals in a wide spectrum of practice areas. Both firms are dedicated to providing fulfilling careers for our staff and have a long history of making the working environment and culture a priority as illustrated by each firm placing high in several Best Places to Work rankings.“The relationship between Eisner and Amper extends back many years and has always been one of mutual respect and admiration,” said Howard Cohen, who becomes the firm’s Chairman. “We have undertaken this combination with full confidence in our new partners and colleagues. Together, we are infinitely stronger in terms of regional reach, professional expertise and client service. We are well positioned for both immediate and long-term growth.”
“This combination is based on a strong foundation of trust that extends to the partners at both firms,” said Charly Weinstein, the firm’s new Chief Executive Officer. “Our teams have already begun working in concert to ensure not only a seamless transition for clients, but also to deliver to them the maximum benefits of our greater combined resources. This is truly a situation where the whole is greater than the sum of its parts.”
About EisnerAmper LLP
EisnerAmper is one of the premier accounting, tax and business advisory firms in the United States and the leading regional firm in the Northeast. EisnerAmper provides a wide array of services to a diverse client base including publicly traded and privately held companies and high net worth individuals and family groups. For more information, please visit EisnerAmper at www.eisneramper.com.