Top 35 accounting firm Weaver will be merging in New York-based CPA firm Buchbinder Tunick & Co. on Jan. 1, 2024.
This deal expands Weaver’s East Coast presence to five offices, including two in New York City, one on Long Island, one in New Jersey, and one in Washington, D.C. It also adds 125 audit, tax, and advisory professionals, including 16 partners, to the Houston-based firm.
“We could not be more pleased with Buchbinder’s experience and cultural fit with Weaver,” John Mackel, Weaver’s CEO and managing partner, said in a press release. “The firm has built an excellent reputation in the Northeast and throughout the country with labor unions and employee benefit plans. We look forward to building on Buchbinder’s strong brand equity to drive growth in our combined audit, tax, and advisory practices, both in the Northeast and nationally.”
Since 1945, Buchbinder has delivered audit, tax, and consulting services to clients across many industries, including manufacturing and distribution, real estate, and professional services. The firm also has an audit practice dedicated to labor unions and employee benefit plans.
“The partners at Buchbinder are delighted to have found a firm that genuinely cares about their people, and this is reflected in every aspect of their culture. We look forward to the opportunities this deal provides for our team members to grow and develop their careers as part of Weaver,” said Peter Ricci, management committee member at Buchbinder. “We also believe the depth of services Weaver offers, especially from an advisory perspective, will bring added value to our existing clients.”
Weaver will combine its employee benefit plan practice with Buchbinder’s labor union and benefit plan practice. The goal is to expand the practice nationally and continue to grow a team dedicated to audit and advisory services to labor unions and employee benefit plans, Weaver noted in the press release. The combined firm will serve more than 650 labor unions and employee benefit plans with $165 billion in total plan assets.
The Buchbinder team will remain in their existing offices in New York City; Jericho, NY; Little Falls, NJ; and Bethesda, MD.