WeiserMazars has acquired Lion & Company CPAs, an accounting and advisory firm in Syosset, N.Y., expanding WeiserMazars’ Entrepreneurial Services and Health Care Consulting services.
Lion & Company founder Marc H. Lion and his team of five professionals will be joining WeiserMazars as a result of the deal. He will become a partner at WeiserMazars and he and his team will relocate to WeiserMazars’ Long Island office.
“We welcome Marc and his team to our growing firm,” said WeiserMazars chairman and CEO Victor Wahba. “His health care experience complements our capabilities in maintaining our position as a leader in the health care industry.”
Financial terms of the deal were not disclosed. WeiserMazars, based in New York City, ranked 24th on Accounting Today's 2015 list of the Top 100 Firms, with $157.6 million in annual revenue.
Lion has more than 25 years of experience helping clients with tax, business consulting, estate, financial and retirement planning services. Before founding his firm over 20 years ago, he worked in the financial services group of a Big Four firm. He is a member of the National CPA Health Care Advisors Association, where he presided over the executive committee.
“We are pleased to join WeiserMazars, a firm that I have always regarded highly as a top quality organization,” Lion said in a statement. “We are looking forward to serving our clients even better with the additional resources that we now have at our disposal.”
Lion & Company specializes in providing tax and consulting services to high net worth individuals and business owners in the health care, investment banking, and real estate sectors.
“We are delighted to have Marc Lion and his team join our growing Entrepreneurial Services Group,” said Andrew Cohen, office managing partner of WeiserMazars’ Long Island Practice and a member of the firm’s Executive Committee. “We also welcome his clients and look forward to assisting them in reaching their financial and business goals with our significant resources.”
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