CohnReznick LLP, one of the top accounting, tax, and advisory firms in the U.S., and Boston-based accounting, consulting, and tax firm Ercolini & Company have signed a letter of intent to combine practices, expected to be effective June 30.
The combination brings added bench strength and industry expertise to both firms and more than doubles the size of CohnReznick’s Boston practice, positioning the Firm among the top 15 in the Boston market. Ercolini & Company will be known as CohnReznick. Within the next year, all Ercolini employees will move to CohnReznick’s office at One Boston Place.
Ercolini & Company, founded in 1974, has 54 employees and nine partners and brings expertise that further enhances CohnReznick’s highly successful, national Affordable Housing and Commercial Real Estate Industry Practices. With additional expertise in Higher Education, Hospitality, and other industry sectors, the combination brings new diversification to CohnReznick’s Boston practice as well.
CohnReznick, which has had a presence in Boston since 2008, has 38 employees and six partners in its Boston office. Its Firm-wide resources include dedicated industry practices, specialized assurance, tax, and advisory services, and global reach through Nexia International. The Firm is also an award-winning workplace for its women’s program, flexibility, dedicated Learning and Development department, and community service initiatives.
“This is an exciting move for our firm. Our clients will benefit from the formidable resources that CohnReznick’s national Affordable Housing Industry Practice brings and our employees’ will benefit from considerable new professional development opportunities,” said Michael Tucci, Managing Partner, Ercolini & Company. “In addition, we were very drawn to CohnReznick’s commitment to excellence and partner-level involvement in client service, two core values that we share.”
James Naber, Boston Office Managing Principal, CohnReznick, explained, “What’s going to make this combination work so well is that our cultures are very similar. There are widespread synergies between our two firms that as one firm will have a great impact on our clients, employees, and the Boston community.”