Pennsylvania CPA firms Zinman & Co. and Titcher, Kritzstein & Co. have combined forces.
Zinman added five people with the deal, including four CPAs, giving the combined firm, which will retain the Zinman & Co. name, a total of 14 personnel.
I am very excited about the merger and the future of the firm, said firm president Mark Zinman. We are also very excited about the addition of auditing and forensic accounting to our service offerings. Elliot Titcher, CPA, CFE, CVA, and Stanley Kritzstein, CPA, bring a lot to the table, which includes their specialized and well-rounded experience.
Both Titcher and Kritzstein will become partners in the combined firm, in addition to Zinman, who will remain managing partner, and senior partner Karen McNamee.
The two firms had been in talks for about two months prior to the merger, according to spokesman L. Jamie Coates. The deal was set up by a business broker contact of Zinmans.
We wanted to add forensic accounting and auditing to our service capabilities and that was Titcher Kritzsteins expertise, said Coates. They offered a lot of the same services we did, but they werent as technology-oriented, and they didnt have as wide a range of services as Zinman and Co. had.
Titcher Kritzstein moved from its offices in Ambler, Pa., to Zinmans offices in nearby Huntingdon Valley on Oct. 31, and the merger took effect on Nov. 1.
Coates declined to provide revenue figures for either firm, but said the deal involved some equity sharing. Titcher also plans to retire in a few years, and part of the package provides him with compensation for the clients he brought to the combined firm.
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