J.H. Cohn LLP has acquired the practice of Berenson LLP, a New York accounting firm specializing in solid apparel and import specialization practices.
Financial terms of the deal, which became effective May 2, were not disclosed. Berenson’s more than 40 employees will join J.H. Cohn.
The acquisition is part of J.H. Cohn's strategy to continue broadening its Northeast presence, while expanding service offerings to better serve midsized businesses in the area. J.H. Cohn chief executive Thomas J. Marino said that his firm will continue to pursue such opportunities, focusing in the near-term on the New York area.
Berenson has operated for more than 80 years, offering a range of services to clients in the furniture, jewelry, building supply, home furnishings, consumer electronics, not-for-profit, insurance and media industries. Managing member Stan Joseph will serve as practice leader of J.H. Cohn's newly formed apparel and fashion group, which will serve companies in those industries by providing services that include formatting financing, business plans, audits, succession plans and business sales.
J.H. Cohn was ranked No. 16 on Accounting Today’s 2007 Top 100 Firms list, with revenues of $175 million.
