New York-based accounting firm Raich Ende Malter & Co. LLP has merged in the New Jersey-based firm Trien Rosenberg Weinberg Ciullo & Fazzari LLP, along with Trien’s New York-based affiliate Todman & Co., expanding Raich’s presence in the Mid-Atlantic region.
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The merger, which took effect on April 18, brings the number of employees at the combined firm to over 175 in offices across New York City, Long Island and New Jersey. Financial terms were not disclosed.
Trien Rosenberg dates back to 1970 and offers its clients accounting, auditing, tax and business consulting services. Todman & Co. has over 90 years of experience serving clients in the securities and investment industry. Trien Rosenberg and Todman & Co. will both operate as divisions of Raich Ende Malter & Co. LLP.
“Joining Raich Ende Malter provides Trien Rosenberg and Todman the resources to meet the growing needs of our clients and allows us to respond to opportunities to service clients previously beyond our reach,” said Trien Rosenberg senior partner Jay Trien in a statement.
Angelo Ciullo, managing director of assurance services for Todman, said the merger with Raich Ende Malter would be a good fit for his firm, as they share several practice areas in common and industries in which their clients do business.
Raich Ende Malter, founded in 1972, employs over 140 professionals and more than 25 partners in the New York metropolitan area in three offices prior to the merger. The firm has completed several other acquisitions in the past.
“Our firm has always sought opportunities to expand the practice in areas that we know and are comfortable with,” said Cornelius Kilbane, Jr., partner-in-charge of the New York City offices. “Our relationship with Trien Rosenberg and Todman developed over time, and as we learned about each other, it became apparent that merging our practices would be beneficial in achieving our respective goals and at the same time preserve the high quality of service our respective clients expect of us.”
Raich Ende Malter, including the Trien Rosenberg division, will continue as an independent member of the IGAF Polaris global association of independent accounting firms and business advisors.