Marcum merges in Dawson, Smith, Purvis & Bassett

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Marcum LLP has merged in Portland, Maine-based accounting firm Dawson, Smith, Purvis & Bassett, effective Jan. 1, expanding the New York-headquartered Top 100 Firm’s New England presence.

DSPB’s team of seven partners and 20 professional and administrative associates will stay at the firm’s current office at 15 Casco Street, which will become Marcum’s second Portland office. Kirk Purvis will be office managing partner.

Dawson, Smith, Purvis & Bassett was founded in 1990 and offers a range of accounting services, including tax and financial planning for closely held businesses and high net worth individuals; litigation support and business valuation; marital dissolution; and personal financial planning. DSPB also provides financial statement attestation services and consulting services to assist with stockholder buy-ins and buy-outs; mergers, acquisitions, and sales of businesses; incentive compensation services; pension audits; and employment contract services.

“Dawson, Smith, Purvis & Bassett’s loyal client base, developed over nearly 30 years, is a testament to their commitment to excellence and technical proficiency. They will be a strong addition to Marcum’s New England region,” said Jeffrey Weiner, Marcum’s chairman and chief executive officer, in a statement.

Financial terms of the deal were not disclosed. Marcum ranked 16th on Accounting Today’s 2018 list of the Top 100 Firms, with $469.53 million in annual revenue. Last year, Marcum added to its New England presence when it acquired Providence, Rhode Island-based Yarlas, Kaplan, Santilli, Moran in August and West Hartford, Connecticut-based Filomeno & Company, P.C. in June. The firm’s New England region also includes offices in Greenwich, Hartford and New Haven, Connecticut, and Boston.

"As Marcum’s New England region continues to grow in scope and depth, the DSPB team will be a valuable new asset to our clients in Portland and across the state of Maine,” said Anthony Scillia, regional managing partner for New England, in a statement.

“Marcum’s extensive resources and industry specializations will significantly diversify our service offering to our clients while providing a rich opportunity for our professionals to collaborate as part of a national team,” stated Kirk Purvis.

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M&A Marcum LLP