Accounting firm Watson Rice said it has entered into a partnership agreement with Thompson, Cobb, Bazilio & Associates, effectively merging the two firms.

On January 1, Watson Rice began operating as a local office under the name TCBA Watson Rice LLP in the states of New York, New Jersey and Florida. TCBA has more than 200 professionals and is headquartered in Washington, D.C. The firm also has offices in Torrance, Calif., Bowie, Md., Atlanta, Hartford, Conn., and Philadelphia.

Bennie Hadnott, a CPA and MBA, serves as managing partner of TCBA Watson Rice. Ralph Bazilio, president of TCBA, is joining the executive committee of TCBA Watson Rice. Hadnott said the partnership would enable the firm to operate and compete more effectively in a global marketplace.