Wiss & Co. has merged with Behan, Ling and Ruta CPAs PC, a New York-based wealth management firm.Financial terms of the deal, which became effective April 1, were not disclosed.
Wiss said that the addition of BLR will bring revenues of $2.7 million, approximately 15 staff and two partners -- Thomas Ruta and Michael Romeo -- to Wiss.
According to Wiss managing partner Jeff Campo, the deal will strengthen Wiss's expertise in the high-net-worth and individual taxation sectors, part of the firm’s strategic plan. For Wiss, which is headquartered in Livingston, N.J., and has an additional office in Iselin, N.J., the merger will also expand the firm into the tri-state area.
Prior to the merger, Wiss had revenues of approximately $23.5 million, and employed approximately 150 people.
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