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Subscribe16 JAN 2024 / M&A UPDATES
Marcum LLP, an accounting and advisory firm, has acquired Connecticut-based firm Federman, Lally & Remis LLC (FLR) effective from January 1, 2024. The merger is designed to strengthen Marcum's presence in key sectors like automotive and food and beverage, in the New England area, broaden its range of service offerings, and foster further innovation in the company.
Marcum LLP, a leading accounting and advisory firm, has announced the acquisition of Connecticut-based Federman, Lally & Remis LLC (FLR), effective January 1, 2024. This strategic move aims to enhance Marcum's service offerings and strengthen its presence in key industries.
The merger with FLR allows Marcum to broaden its expertise in the New England region, particularly in the automotive and food and beverage sectors. By integrating FLR's specialized knowledge, Marcum seeks to provide more comprehensive services to clients in these industries.
Founded in 1991, FLR has established itself as a reputable tax and accounting firm serving diverse industries, including automotive, real estate, food and beverage, retail, manufacturing, and non-profits. The decision to merge was driven by a shared commitment to addressing complex business challenges with tailored solutions and a mutual dedication to collaboration, innovation, and professional development.
The merger aims to enrich Marcum's service offerings by incorporating FLR's specialized expertise, particularly in tax and assurance services. By integrating FLR's client base and industry knowledge, Marcum seeks to strengthen its position in the New England market and beyond. The collaboration is intended to foster innovation within Marcum, leveraging combined resources to develop new solutions and maintain industry leadership.
Marcum LLP is a national accounting and advisory firm known for its comprehensive services, including tax, assurance, and advisory, serving a diverse range of industries. Federman, Lally & Remis LLC is a Connecticut-based firm specializing in tax and accounting services, with a strong presence in the automotive, food and beverage, and other key sectors.
The merger is expected to enhance Marcum's capabilities, allowing the firm to offer a broader range of services and strengthen its competitive position in the market. Clients can anticipate improved service delivery and access to a wider array of specialized solutions. This strategic move positions Marcum for continued growth and success in the evolving accounting and advisory landscape.
Marcum's acquisition of Federman, Lally & Remis LLC represents a significant step in the firm's strategic expansion, aiming to enhance service offerings, broaden market reach, and drive innovation. This collaboration underscores Marcum's commitment to excellence and its dedication to meeting the evolving needs of its clients.
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