M&A roundup: EisnerAmper merges in P&N, plus more deals
Schulman Lobel, an accounting firm based in New York, has merged with Tanton Grubman CPAs, LLP and Steinberg Shebairo LLP, as well as acquired the tax compliance division of DFP Partners.
The acquisition of DFP Partners’ tax compliance division adds over 100 high-end tax clients to Schulman Lobel’s roster of clients. The deal, which closed in January, was facilitated by Robert Fligel of RF Resources, LLC.
“We are excited to add the expertise and experience of the DFP team to our firm,” said Norm Schulman, managing partner of Schulman Lobel, in a statement. “This acquisition allows us to strengthen and expand our tax advisory and compliance services and offer our clients an even a deeper bench.”
Along with that deal, Schulman Lobel merged with Tanton Grubman, an accounting firm specializing in high net worth, cross-border taxation, entertainment/lifestyle brands, startup businesses/entrepreneurs, business structuring considerations, and financial services. The merger adds a music and fashion practice to Schulman Lobel’s existing roster of entertainment clients.
“The teams joined together seamlessly, having sparked synergies early on. We had begun to collaborate and share ideas long before we officially merged, and we are now working together as one solid firm,” said Deborah Chichester, a partner at Tanton Grubman, in a press release.
“This merger was a natural as we are similar in many ways but fill in other needs,” said Robert Grubman, a partner at Tanton Grubman.
Chichester, Grubman and David Barrett are join Schulman Lobel as new partners from Tanton Grubman.
Schulman Lobel also recently completed a merger with Steinberg Shebairo LLP, a firm with commercial clients in the service industry (including law, public relations and event production), high-end retail establishments and nonprofit charitable foundations. Like Schulman Lobel, Steinberg Shebairo also serves an arts and entertainment industry client base, including performing artists, producers, and creative artists, as well as recording, theatrical, and media production companies. As with the DFP Partners acquisition, this merger was facilitated by Robert Fligel of RF Resources, LLC.
“The Schulman Lobel merger enhances and fortifies our ability to provide the highest level of service to our clients, to continue to attract and retain quality and experienced personnel, and to continue to offer a broad range of services to our clients,” said Jeremy Steinberg, a partner at Steinberg Shebairo LLP, in the news release. “As a combined organization, we deepen our strengths, allowing us to continue to serve our existing client base while also providing the resources necessary to evolve in this ever-changing world.”
With these recent mergers and acquisitions, Schulman Lobel adds more than $7 million in billings and over 30 new employees, including five new partners.
“We are excited to welcome our new team members and clients to Schulman Lobel,” said Schulman Lobel managing partner Norm Schulman in a statement. “These recent mergers and acquisitions have allowed us to expand our services and expertise, and we look forward to continuing to provide our combined roster of clients with the highest level of service.”
