The partners of auditing firm Goldstein Golub Kessler have joined McGladrey & Pullen's tri-state operating unit, building McGladrey's presence in the hedge fund industry and other sectors.

"Working together, we will strengthen existing practice areas, such as hedge funds, and grow targeted sectors, such as banking, real estate and technology, with investments and new hires," said Donald Lipari, managing partner of M&P's New York office, in a statement.

The firms did not provide the financial terms of the deal, but the merger became effective Oct. 3, according to spokesperson Steve Cohen. The firms will continue to operate out of their two existing locations in New York City. Lipari and Steven J. Mayer, a managing partner at GGK, will co-lead the integrated business, which will have a total of 850 employees.

GGK has specialized in servicing hedge funds, including offshore funds, funds of funds and emerging market funds. The firm also services broker-dealers, investment partnerships, health care providers and nonprofits.

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