I have some very exciting news to share this morning related to the continued expansion of our firm’s industry expertise and geographic presence.
Effective today, August 1, Fried & Kowgios Partners LLP (FK Partners), a leading accounting firm based in NYC providing services to the theatrical industry with annual revenues of $4.5 million has joined on board with Withum. FK Partners provides tax, accounting, audit, and consulting services predominantly to commercial and not-for-profit theatrical clients both domestically and abroad. The firm has extensive experience providing theatrical productions, not-for-profit and entertainment companies and their related producers, general managers, and lawyers with the essential services that these entities need in order to operate effectively. If you are a fan of Broadway shows, you’ll find this very exciting as now Withum’s name will be listed in every Playbill of their clients’ productions. Founding and managing partners Robert Fried and Karen Kowgios and partner Anthony Moore, along with their team of 12 additional staff members, will relocate to our current NYC office in early November. They are currently located at 441Lexington Avenue.
Additionally, McGuigan Tombs & Company, a $3.4 million CPA firm based in Manasquan, NJ, is also officially joining its practice with our firm today. McGuigan Tombs provides tax, accounting, audit, and consulting services to closely-held businesses and their entrepreneur owners within the NY/NJ marketplace. The firm has extensive experience servicing the construction industry and related specialty contractor trades as well as distribution companies and franchisors. Four partners, Peter McGuigan, the firm’s founder and managing partner, Adriane Shaffer, Lisa Morgan and Jill Johnson, and 7 additional team members will relocate to our Red Bank office after the October 15 deadline.
Growth through mergers and acquisitions is a part of our firm’s long-term strategy to supplement our organic growth. We are so pleased that throughout the firm’s 42 years of history, we have been successful in finding the right strategic partners to help us reach new markets, expand a variety of service areas, and bring aboard so many talented professionals who help provide the world-class service our clients have come to expect every day. We are confident the union with these two reputable firms will continue this legacy of great partnerships.