J.H. Cohn LLP and Reznick Group P.C., two of the top-20 accounting and consulting firms in the U.S., announced the completion of their combination, forming CohnReznick LLP. CohnReznick is now the 11th largest accounting and consulting firm in the country with 25 offices, 2,000 employees and combined revenues of more than $450 million.
The combination establishes broad geographic reach for the new firm with headquarters in New York and offices from Boston to Atlanta on the East Coast; Sacramento, Los Angeles and San Diego on the West Coast; and a growing presence in Austin, Texas and Chicago. The firm also has offices in Chennai, India and Cayman Islands, and is a member of Nexia International, the 10th largest global accounting, tax and advisory network.
J.H. Cohn’s chief executive officer, Thomas J. Marino, and Reznick Group’s chief executive officer, Kenneth E. Baggett, will serve as co-CEOs of CohnReznick.
“This is a merger out of growth, not consolidation,” said Scott Sachs, managing partner – Southern California. “It will mean we are about 75 percent bigger in California.”
The merger of the two firms will not change any staffing in San Diego, or any reduction in California, according to Sachs.