Top 20 accounting firm EisnerAmper will be combining with Wellesley, MA-based full-service CPA firm Prague & Co. in a deal expected to close this spring.
Financial terms of the deal haven’t been disclosed. Prague & Co.’s team of 15 professionals are expected to join EisnerAmper after the transaction is completed.
“With each client, Prague & Co. works to understand the intricacies and nuances of each situation and then provides tailored guidance,” Jay Weinstein, EisnerAmper vice chair of industries and markets, said in a statement on April 1. “As we look to the future, the team at Prague & Co. will enhance our Boston presence while deepening our expertise in trusts, estates, foundations, nonprofit organizations, and closely held businesses. We warmly welcome them to the EisnerAmper family.”
EisnerAmper currently has offices in Boston and Burlington in Massachusetts.
Founded in 1988, Prague & Co. provides accounting, tax, and fund administration services to individuals, partnerships, and corporations worldwide. The firm focuses on high-net-worth individuals and alternative investment vehicles engaged in the real estate, timber, private equity, and venture capital sectors.
The law firm of Prague & Peters PLLC won’t be part of the combination and will remain an independent law firm, officials said.
“With 37 years of dedicated service to our clients, I’m proud of how our tax and accounting practice has grown while still adhering to the highest levels of quality and personal attentiveness. In evaluating the next steps and how to offer even more, combining with EisnerAmper provides the perfect solution. We’re excited about what this means for our clients and our team,” said Andrew Prague, the firm’s founder.
Private equity-backed EisnerAmper is comprised of EisnerAmper LLP, a CPA firm that provides client attest services, and Eisner Advisory Group LLC, an alternative practice structure that provides business advisory and non-attest services in accordance with all applicable laws, regulations, standards, and codes of conduct. The firm’s combined entities include approximately 450 partners and 4,500 employees.
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