CBIZ Aquire Leading New York Firm
November 25, 2008
Kreston International Member, CBIZ Inc, acquire leading New York firm.
CBIZ Inc, Kreston’s US member, has announced that it has signed a definitive agreement to acquire Mahoney Cohen & Company, a leading national accounting service provider based in New York City with additional offices in Boca Raton and Miami, Florida, and Houston, Texas.
Founded in 1969, Mahoney Cohen is a leading full service regional accounting and management and consulting firm providing accounting, tax and advisory services to public and private businesses and high net worth individuals. Mahoney Cohen, which was a member of Moore Stephens International has 31 partners, 249 associates and generates annual fee revenues of US$55m. It is ranked as one of the top accounting firms in the US.
Mark Garten, Mahoney Cohen’s Chief Executive Officer states:
“The combination with CBIZ opens up tremendous opportunities for our clients and associates. Our clients will now have greater access to an even broader range of services and technical skills. It also strengthens our reach both domestically and internationally. For our associates, it will allow us to make even deeper investments in their training and development as well as providing for greater growth and career opportunities.”
Executive Director of Kreston International, Jon Lisby, comments:
” We are delighted that this acquisition has been completed – we have been looking to strengthen our representation in New York, Florida and Texas. We very much look forward to working with Mahoney Cohen now that they are integrated into CBIZ.”