New York accounting firm Marks Paneth & Shron is merging in Arthur B. Greene & Co., giving MP&S a set of prominent entertainment and literary clients.

As part of the deal, two Greene partners, Arthur B. Greene and Richard Guttenberg, along with 10 support staff, are joining MP&S’s New York office. The merger expands the MP&S tax and family office, plus the business management services the firm offers to small businesses and high-net-worth individuals.

Arthur B. Greene & Co. has over 300 clients, including some leading literary and entertainment figures. Operating in New York for over 50 years, the firm has helped support and promote the careers of a number of writers of books, plays, motion pictures, TV shows and newspapers.

"The sophisticated and client-focused approach of Marks Paneth & Shron is a strong match for the clients of Arthur B. Greene & Co.,” said Greene in a statement. “We are thrilled to become a part of MP&S and are confident that our clients will continue to receive the valuable service that they deserve."

Financial terms of the deal were not disclosed. MP&S ranked No. 32 on Accounting Today's 2009 Top 100 Firms list with revenues of $85 million. Earlier this month, the firm merged in Montalto CPA (see Marks Paneth Merges in Local Firm).

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