11 JAN 2024 / M&A UPDATES

PKF O'Connor Davies Welcomes Robert Philipson & Company

- MYCPE ONE Insights Team

Summary

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In January 2024, accounting firm PKF O'Connor Davies acquired Robert Philipson & Company, a Maryland-based firm specialized in tax services for private clients. The acquisition aims to enhance PKF O'Connor Davies' service offerings for high-net-worth individuals and family offices and strengthen its market position in the wider trend of accounting industry consolidation.

In January 2024, PKF O'Connor Davies, a prominent accounting, tax, and advisory firm, announced the acquisition of Robert Philipson & Company, a well-established firm based in Silver Spring, Maryland. Founded in 1925, Robert Philipson & Company has a long-standing history of providing specialized tax services to private clients. The firm's managing partner, Richard L. Philipson, along with partners Samuel B. Philipson and Diane E. Porter, and their team, will continue operating from their current Maryland office.

This strategic move aims to deepen PKF O'Connor Davies' private client services by leveraging the nearly century-long expertise of Robert Philipson & Company. The integration is expected to enhance the firm's capabilities in delivering comprehensive tax planning, IRS representation, international taxation, and estate and trust taxation services to high-net-worth individuals.

The acquisition reflects PKF O'Connor Davies' commitment to expanding its service offerings and strengthening its position in the accounting industry. By incorporating a firm with a rich history and specialized knowledge, PKF O'Connor Davies aims to provide clients with an even broader range of tailored tax and advisory solutions.

This acquisition is part of a broader trend in the accounting industry, where firms are increasingly consolidating to expand their service offerings and client base. By integrating specialized boutique firms, larger organizations like PKF O'Connor Davies can offer more comprehensive and tailored services, thereby strengthening their market position and competitiveness.

The addition of Robert Philipson & Company to PKF O'Connor Davies represents a strategic effort to enhance service offerings for high-net-worth individuals and family offices. This move underscores the firm's commitment to growth and excellence in client service within the accounting industry.

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PKF O'Connor Davies Welcomes Robert Philipson & Company

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