American accounting, tax, and consulting firms CohnReznick and Watkins Meegan have signed a letter of intent to combine practices, which is due to take effect from 1 November 2014.
CohnReznick operates with 26 offices- three in Maryland and Virginia – that comprise more than 600 employees, and offers dedicated industry practices, specialized assurance, tax, and advisory services.
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The combined entity will have revenues worth about $600m, about 300 Partners, nearly 2750 employees, and will operate with 28 offices.
Watkins Meegan, founded in 1975, has 13 partners and 200 employees, and generates revenues of $40m.
The firm serves government contractors, the real estate and construction industries, not-for-profit and hospitality industries with offices in Bethesda, Tysons Corner, Herndon, and Annapolis.
Mike Micholas, Watkins Meegan’s managing partner said: "CohnReznick’s formidable Commercial Real Estate, Construction, Not-for-Profit, and Hospitality Industry Practices will provide valuable resources to our clients in those industries. All of our clients will benefit from a deeper bench of professionals with diverse technical expertise as well. And our employees will find greater opportunities for learning and growth as part of a larger organization."
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