Friedman-Marcum merger set to close

The merger between Friedman LLP and Marcum LLP, two national accounting and advisory firms with a New Jersey presence, moved closer to completion Tuesday, with the announcement of a closing date set for later this week.

“We are thrilled to announce that Friedman will complete our merger with leading accounting and advisory firm Marcum, effective Sept. 1, 2022,” Friedman wrote in a statement.

NJBIZ reported on the merger in May, which will result in a national top-12 firm with nearly $1 billion in revenue and more than 3,400 associates.

“The integration of Friedman into Marcum will accelerate and expand our ability to offer increasingly specialized services and deep industry insights,” the statement continued. “Together, our complementary practices, entrepreneurial mindset, and employee-centric culture form a powerful foundation for the long-term success of our clients, partners, and staff.”

Friedman assured clients and friends of the firm that they will have access to a deep bench of talent, offering the capabilities of more than two dozen specialized industry groups.

“In addition, Friedman’s core tax, assurance, and advisory practices will be enriched by the full complement of technology consulting, wealth management, and executive search and staffing services offered under the Marcum Group umbrella,” Friedman wrote in the statement.

“Marcum and Friedman share common roots in the New York area, extensive histories of exceptional client service, similar employee-oriented cultures, and a commitment to leading in emerging growth areas in our profession,” Marcum Chairman and CEO Jeffrey Weiner said in May. “We view this transaction as a very natural fit and are excited about our shared future together.”

Closing its statement, Friedman said it looks “forward to a bright and successful future.”