Withum Acquires Accounting Firms on East and West Coasts

WithumSmith+Brown, PC (Withum) has acquired professional firms on the east and west coasts. Withum, a nationally recognized CPA and advisory firm with 15 offices and annual revenue of $330M, acquired Restivo Monacelli, LLP, a public accounting, tax and business advisory firm headquartered in Providence, RI, and Glick & Associates, a public accounting firm headquartered in San Francisco, CA.

“We are very enthusiastic about joining forces with Withum and believe this union will take us to the next level in client service and career opportunities for our team members,” says Kevin Hundley, Managing Partner of Restivo Monacelli. “With over 1,400 team members located around the country, our existing office locations complement Withum’s current Northeast and Florida presence.” Their eight partners and approximately 50 team members join the Withum roster and remain at their Providence and Boca Raton, FL, locations.

Withum’s Managing Partner and CEO Bill Hagaman, CPA, CGMA, is equally excited about this union, as it fills in the firm’s footprint between its NYC and Boston locations. “Not only does this strategic union enhance our presence in the Northeast and Florida, but it complements our culture. Clients choose us because we do things the Withum Way, put our people first, act with the highest levels of values and ethics, and live our core values. Restivo Monacelli shares that same philosophy, which our clients will appreciate alongside our industry expertise and innovative solutions.”

Echoing similar enthusiasm, Jeffrey Glick, current Managing Partner of Glick & Associates, shared, “Both firms share the same commitment to the highest level of integrity, as well as a nimble, flexible and innovative culture that emphasizes problem-solving. These factors were instrumental in our decision to unite.” Glick and his six additional team members will relocate to Withum’s office at 601 California Street in San Francisco.

Withum’s Technology and Emerging Growth Services Practice Leader, Chris DeMayo, CPA, MBA, is equally excited about this union. “This strategic partnership with Glick & Associates heightens our presence in the San Francisco Bay Area, which is home to a robust high-tech community, and just as important, this union is a terrific culture fit as both firms. We have similar core values that put our people first, which in turn produces natural synergies that will benefit our clients through our industry expertise and innovative solutions.”

Additional industry strengths resulting from the Withum and Restivo Monacelli union, advised by Allan D. Koltin, CEO of Koltin Consulting Group, include cannabis, not-for-profit, manufacturing, construction, real estate and food and beverage, as well as a robust menu of accounting and advisory services. Glick & Associates brings a boutique level of tax services to clients in the High Net Worth, Professional Services, Executive Compensation and Technology sectors.

The onboarding of Restivo Monacelli and Glick & Associates supplement the three previous strategic partnerships that closed earlier this year for Withum with Maffei, Masiello & Company, PA; OUM & Co., LLP; and Doyle Carden Group, LLC. They support Withum’s high-growth strategy of expanding into growing markets on the East and West Coasts while adding new services and a heightened level of expertise and service to firm clients.