Raich Ende Malter & Co. LLP plans to combine with Stein deVisser & Mintz, P.C., effective Nov. 1, 2016, expanding REM’s presence in New York City.
The combined firm will operate under REM’s name and is expected to have revenues of over $60 million, approximately 50 partners and 200 employees, making REM one of the top 20 regional accounting firms in the city.
REM ranked 82nd on Accounting Today’s 2016 list of the Top 100 Firms, with $46 million in annual revenue before the merger, and 18th on the Regional Leaders list for the Top Firms in the Mid-Atlantic Region.
“We are always looking to merge with accounting firms that are not only located in the New York metropolitan area, but also, and more importantly, complement or expand our current service offerings or the industries we serve,” said REM managing partner Ellis Ende in a statement.
REM provides audit, tax, and business advisory services to companies in various industries, including real estate, financial services, manufacturing and distribution, along with wealth management services for high-net-worth individuals in New York. The firm is a member of the PrimeGlobal international network of accounting and consulting firms.
Cornelius V. Kilbane Jr., managing partner of REM’s New York Office, orchestrated the merger. “It is an honor to have Stein deVisser & Mintz join our firm,” he said.
Stein deVisser & Mintz dates back to 1985 and provides assurance, tax, and business advisory services to privately held businesses and not-for-profit organizations, along with financial planning services for high net worth individuals and their families.
“Our merger with REM, a firm consistently ranked amongst the top regional accounting firms in the New York metropolitan area, will provide our clients with a larger menu of services and resources,” said managing partner Keith J. deVisser in a statement.
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