HBK acquired boutique firm KHS, expanding its geographic footprint into northern New Jersey.
The Top 50 Firm, based in Canfield, Ohio, reported revenue of $156 million, with 22 offices, 114 partners and 729 employees.
"KHS has carved out a unique position in the market by providing Big Four-level expertise with the personal attention and responsiveness that high-net-worth clients and their families value," HBK CEO and managing principal Thomas Angelo said in a statement. "Their track record of attracting clients who previously worked with larger firms speaks to the quality of their service model. This is exactly the type of specialized capability we want to bring into HBK."
KHS, based in Paramus, New Jersey, provides accounting, tax and advisory services to clients in real estate, summer camps, high-net-worth individual and fiduciary services. As part of the transaction, Dina Schwartz and Marc Harbus will join HBK as principals, with Schwartz leading operations at the Paramus location and Harbus splitting his time between the Paramus and Boca Raton, Florida, offices.
"We've built our practice on the principle that high-net-worth individuals and complex clients deserve both technical excellence and personal attention," Harbus said in a statement. "Joining HBK allows us to enhance our service offerings while maintaining the boutique approach our clients expect. We're excited about the additional resources and expertise we can now bring to our relationships."
