The West Trenton-based firm of Manuel S. Newman & Co. CPAs has merged with WithumSmith+Brown. Financial terms of the deal were not disclosed.
"Our decision to join WS+B came after careful consideration and the determination that it would be beneficial for all parties involved -- especially our clients," said Newman & Co. managing partner William E. Newman, in a statement. "Now our clients will gain access to the considerable resources of a growing, well-respected regional firm with eight offices and an international affiliation."
Newman & Co. will relocate a staff of nearly a dozen to WS+B's Princeton office.
Regional accounting firm WS+B has a staff of approximately 300 and ranked No. 59 on Accounting Today's 2005 Top Firms survey with annual revenues of roughly $31 million. The company acquired Morristown N.J.-based Gershon, Pierce, Lissak & Co. in March, as well as Red Bank, N.J.- based Mendlowitz Weitsen in January. Late this summer, WS+B launched a global assurance unit to boost its Sarbanes-Oxley compliance and risk assurance services.
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