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BETHESDA, Md. & ROSELAND, N.J.--(BUSINESS WIRE)--

Reznick Group, P.C., and J.H. Cohn LLP, two of the top-20 ranked accounting, tax and consulting firms in the United States, today announced plans to merge and become the 11th largest firm in the country with more than 2,000 employees, 25 offices and combined revenues of more than $450M.

Principals and Partners of both firms have agreed to the combination and terms. Pending final approvals, the merger is anticipated to take effect in September. The combined firm will also continue operations in the Cayman Islands and India.

The combination of these two great organizations immediately elevates us to a preeminent position on the East Coast with offices from Boston to Atlanta, provides a significant expansion in California, and establishes a national footprint with additional offices in Texas and Chicago, said Thomas J. Marino, Partner and Chief Executive Officer, J.H. Cohn. This combination of peers changes the landscape of the accounting industry by establishing a firm with an unprecedented concentration of industry experience in real estate, and highly specialized experience in areas such as renewable energy, hospitality, manufacturing and distribution, capital markets, government, construction, life sciences and technology, and valuations.

The synergies and opportunities this merger of equals brings to our clients and staff is nothing short of historic, said Kenneth E. Baggett, CPA, Reznick Groups managing principal and CEO. J.H. Cohn has very diverse clients across a wide array of industries. When combined with Reznick Groups deep knowledge of the affordable housing and commercial real estate industries, as well as the tax credit arena, the result is a firm that is a powerful resource for clients across all of their accounting, tax and consulting needs.

The merger also combines two firms with enterprising employee cultures built around giving employees the freedom and resources to chart their own career paths focused on creating new opportunities for themselves -- and for clients. Both firms have recently garnered recognition by industry and business publications for their excellence and commitment to their people, womens initiatives, and as best places to work. In addition, both firms have recently received major awards for their community involvement and leadership in the cities in which they live and work.

About Reznick Group

Reznick Group is a top 20 national public accounting firm providing accounting, tax and business advisory services to clients nationwide. The firm's industry experience includes affordable housing, banking and financial services, commercial real estate, government, nonprofits, professional services, renewable energy and technology. Reznick Group provides a high level of industry experience in helping clients gauge business trends and seize upon new opportunities while managing risk. The firm offers the resources of a large national accounting firm but maintains an enterprisingapproach that provides the flexibility to proactively meet clients needs in constantly changing economic climates. The firms commitment to industry knowledge and experience has helped clients succeed for more than three decades. For more information, visitwww.reznickgroup.com.

About J.H. Cohn LLP

One of the leading accounting and consulting firms in the United States, J.H. Cohn LLP specializes in audit, accounting, tax, and business consulting services for public and private companies and not-for-profit organizations. Since 1919, the firm's philosophy has remained constant: to provide a highly personalized approach to each client, with intelligent guidance and solutions driven by technical and industry expertise that positively affect client profitability and growth. J.H. Cohn has cultivated a reputation for strategic insight, proactive leadership, unwavering integrity, and a genuine concern for clients and their businesses. To help clients think and act across national boundaries, J.H. Cohn is an independent member of Nexia International, a global network of independent accountancy, tax, and business advisors and the tenth largest provider of audit and advisory services worldwide. The firm has offices in New York, California, Connecticut, and throughout New Jersey. For more information, visit http://www.jhcohn.com.

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Reznick Group, J.H. Cohn LLP Announce Merger