CohnReznick, a Top 25 Firm based in New York, is expanding to Richmond, Virginia, by combining with Piascik & Associates, a firm offering specialized tax services, effective July 1.
The addition of the team from Piascik promises to strengthen CohnReznick's existing private clients services and international tax practices and expands its footprint in the mid-Atlantic region, adding Richmond to its eight offices across Metro D.C., Baltimore, Charlotte, and South Florida.
As part of the deal, Piascik partners Steve Piascik will become the Richmond office managing partner at CohnReznick and Ryan Losi will join the international tax team.
"We are very excited to have the Piascik team join CohnReznick. Steve Piascik and Ryan Losi have built a highly successful firm with an exceptional reputation in the marketplace," said CohnReznick Advisory LLC CEO David Kessler in a statement. "Culture is the most important factor in long-term success and the Piascik team shares our commitment to driving a culture committed to outstanding client service, rewarding our people, and helping to make a difference in the many communities we serve."
Financial terms of the deal were not disclosed. CohnReznick ranked No. 16 on Accounting Today's
Piascik offers international tax services and strategies for high-net-worth individuals and athletes.
"As the business landscape becomes increasingly complex and our profession continues to change, we sought a new platform to help us secure our next chapter of success," said Steve Piascik. "I am thrilled that CohnReznick will help us continue our legacy. With a robust strategy to propel success, CohnReznick shares our commitment to excellence and strategic growth."
CohnReznick received a
Koltin Consulting Group CEO Allan Koltin advised both firms on the deal. "Piascik is an 'elite' high performing firm that was much sought after by many firms in the country, but in the end selected CohnReznick based on the strategic advantage the combination would provide both to their people and their clients," he said in a statement. "CohnReznick has been more active in the M&A area since its partnering with Apax earlier this year and I wouldn't be surprised to see them announce deals with other successful accounting and advisory firms before the end of the year."
CohnReznick was the result of a