Accounting and advisory firm Marcum, based in New York City, acquired Rochester-based Croskey Lanni, which also has an office in Boca Raton, Fla.
Details of the transaction, which went into effect May 1, were not released. T95advisors served as merger advisors for Croskey Lanni.
Marcum now has a presence in Michigan and the deal should enhance the firm’s capabilities in tax, assurance, technology, and financial advisory and accounting services throughout the Midwest and Florida.
Croskey Lanni brought six partners and more than 50 associates to Marcum. Croskey Lanni serves privately held businesses in construction/real estate, material handling, professional services, trusts/estates, and nonprofit organizations. Croskey’s Barclay Planning Group, which offers pension administration services, also is joining Marcum.
“Our shared values and commitment to excellence drove the acquisition of Croskey Lanni,” says Jeffrey Weiner, chairman and CEO of Marcum. “Both firms focus on providing customized solutions for complex business challenges. Croskey Lanni’s impressive track record of working closely with clients to enhance value complements Marcum’s strategic vision, making this merger an ideal combination of our strengths.”
Clients of Croskey Lanni are expected to benefit from the broader spectrum of services Marcum offers, such as advanced assurance, tax, and advisory services as well as an array of specialized business and financial solutions relating to research and development tax credits, international tax, transaction advisory, and advanced cyber and information security services.
“Both Marcum and Croskey Lanni offer complementary business services with a shared passion and commitment to our teammates and clients,” says David Croskey, founder and managing partner of Croskey Lanni. “We both hold similar cultural values that encourage teamwork, innovation, and professional growth.
“This move creates exciting new opportunities for our team members while setting the stage to deliver unprecedented solutions for our clients. Teaming up with Marcum will allow us to continue our vision with the resources they provide.”
