Ernst & Young merges in Kling & Pathak
Ernst & Young LLP has added Kling & Pathak LLP, a firm based in Irvine, California, expanding EY’s presence in Southern California.
Financial terms of the deal were not disclosed. EY, based in New York, ranked third on Accounting Today’s 2019 list of the Top 100 Firms, with $14 billion in annual revenue. The firm has 3,500 partners and 33,600 professionals in 82 offices in the U.S.
K&P offers a variety of tax and professional services, including tax planning and compliance.
“EY is committed to investing organically and through strategic acquisitions in key areas for tax,” said EY Americas vice chair of tax services Marna Ricker in a statement. “The addition of Kling & Pathak will help us deliver exceptional service to our corporate and high-net-worth clients.”
One of the partners at K&P, Nitai Pathak, used to work at EY. He and fellow partners Greg Kling and Art De Jong will be joining EY, along with around 16 staff members. The K&P partners decided to join EY and give clients expanded services around the world.
“Having previously worked at EY, I know that the organization’s professionals are trusted business advisors to their clients, which is completely in line with our culture at Kling & Pathak,” said Pathak. “Both firms focus on exceptional client service and the development and support of their people.”
“We are looking forward to the incredible opportunities the EY organization provides, as well as access to EY’s leading-edge technology,” added Kling.
“We’re excited to join an organization that can provide a full range of tax services to our growing client base,” stated De Jong. “Changing tax laws and globalization mean that our clients are experiencing increased complexity and have greater tax needs. As part of the EY team, we can offer clients broader insights and long-term support.”
EY sees opportunity in the surrounding area of Irvine.
“Orange County is a vibrant, entrepreneurial community with numerous fast-growing, family-owned and innovative enterprises,” said Kim Letch, EY office managing partner for Orange County, in a statement. “The K&P partners and professionals have enjoyed great success serving this important market, and we are very excited to have them join our team in Irvine. This is an important and strategic investment in Orange County and our future growth.”