Regional accounting firm J.H. Cohn LLP announced that it has inked a deal to acquire Fairfield, N.J.-based Mintz Rosenfeld & Co. LLC.
Financial terms of the merger were not disclosed and final details of the transaction agreement are still being negotiated.
Mintz Rosenfeld has offices in New Jersey and New York and a staff of more than 50 professionals serving about 2,000 clients. The firm's focus has been on providing boutique, customized solutions to middle-market businesses, which is in line with J.H. Cohn's strategy to maintain partner-level service while continuing to grow its core practices in the New York metro area.
"This strategic merger enables us to capitalize on the synergies between the two firms' middle-market expertise, especially in the areas of entertainment, real estate, high-net-worth individuals and healthcare, and is well-aligned with our expansion strategy in the Northeast," said J.H. Cohn chief executive Thomas J. Marino, in a statement.
J.H. Cohn ranked No. 18 on Accounting Today's 2006 list of Top 100 Firms, with revenues of $150 million.
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