CohnReznick buys Smith Schafer & Associates to expand to Minnesota

CohnReznick, a nonrecreational services operator, has acquired Smith Schafer & Associates, a institution based successful Minneapolis, Minnesota, US.

The fiscal presumption of the transaction were not disclosed.

Smith Schafer, which operates 3 offices and has 12 partners and 89 employees, is focused connected nonrecreational services, construction, manufacturing and transportation.

Smith Schafer managing main Michael Malugani said: “We are thrilled to person recovered a spouse who volition assistance america physique connected the tremendous way grounds and bequest of Smith Schafer, enabling america to unafraid the adjacent section of success, present greater worth to our clients and much vocation opportunities to our radical successful this dynamic concern environment.”

Following the acquisition, CohnReznick plans to usage its advisory, assurance and taxation capabilities, including enactment successful existent estate, fiscal services, technology, and user and manufacturing, to enactment clients successful Minnesota.

The woody builds connected CohnReznick’s caller footprint expansion, including caller offices successful San Francisco, California; Tampa and Tallahassee, Florida; and Richmond, Virginia.

The institution has pursued integrated maturation alongside selective mergers and acquisitions, supported by its concern with Apax Funds.

CohnReznick Advisory CEO David Kessler said: “Smith Schafer’s heavy section roots, entrepreneurial tone and trusted relationships perfectly complement CohnReznick’s nationalist scope and manufacture expertise.

“Together, we tin bring clients the insights that assistance make value, optimise show and negociate risk. I americium excited astir the quality we tin marque unneurotic for our people, our clients and our communities.”

"CohnReznick buys Smith Schafer & Associates to grow to Minnesota " was primitively created and published by International Accounting Bulletin, a GlobalData owned brand.

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