Marcum merges in OGH
Marcum LLP, a Top 100 Firm based in New York, has expanded its presence in South Florida by adding OGH Certified Public Accountants & Advisors, a firm based in Miami, effective Aug. 1.
The deal brings two partners and 17 associates to Marcum, along with a second office in Miami.
Financial terms of the transaction were not disclosed. Marcum ranked 15th on Accounting Today’s 2019 list of the Top 100 Firms. Its annual revenues for the year ending Dec. 31, 2018 were $549.75 million. OGH does not disclose its revenue. Marcum has more than 240 partners and over 2,000 professionals on staff.
“OGH’s strong position in a gateway city to the global economy, industry specialization, and culture based on integrity, excellence, strong client relationships, and measurable results make OGH a perfect fit for Marcum," said Marcum chairman and CEO Jeffrey M. Weiner in a statement. “We welcome the team to our firm and look forward to our continued mutual success.”
OGH has been providing assurance, tax, accounting, consulting and property management services to clients in 10 industry sectors. It mainly focuses on servicing real estate developers, construction companies, and real estate investors; export and wholesale distributors; and domestic and international tax services.
Hiram Ocariz is office managing partner at OGH. “My partner, our staff and I are delighted to be joining Marcum, where we will be able to access national resources for the benefit of our clients, while having the opportunity to deepen the bench of talent In Marcum’s South Florida region,” he stated.
Along with the two Miami offices, Marcum also has Florida offices in Fort Lauderdale and West Palm Beach. OGH will become part of Marcum’s Southeast region, headed by Southeast regional managing partner Michael Balter. “OGH’s focused expertise is an additional asset in several of Marcum’s core industry groups, while also bringing experience in several new industries to our South Florida region,” he stated.
Marcum has done several other mergers this year. Last month, it added Abrix Group, based in the Chicago suburb of Northbrook, Illinois. In March, Marcum merged in Guyder Hurley, a firm headquartered in Braintree, Massachusetts, that specializes in servicing clients in the affordable housing industry. In January, Marcum added Dawson, Smith, Purvis & Bassett, a firm based in Portland, Maine.