Firm Management
DeVan & Lowery, PA to Merge into E. Cohen and Company, CPAs
This merger will allow clients to benefit from the expanded industries already offered by the larger E. Cohen, which serves groups such as biotechnology, construction, high-net-worth individuals, government contractors, nonprofit associations, real ...
Feb. 02, 2022
E. Cohen, a nationally ranked assurance, tax, and consulting firm headquartered in Rockville, MD, announced a merger with DeVan & Lowery PA, a certified public accounting firm also based in Rockville, MD. The combined companies will now offer a more diverse set of services, enhanced staff coverage on client engagements with greater technical expertise and continued exceptional client service.
“We are very excited about the combination of firms,” said E. Cohen Managing Principal Eric Cohen. “DeVan & Lowery is a wonderful organization with gifted professional staff and we are certain that they will prove to be an invaluable asset to our clients and the organization as a whole.”
In recent years, the accounting profession has undergone tremendous change. Many of these changes have proven particularly burdensome on smaller firms having to face the impact of the “great resignation” and the complexities of regulatory compliance. Larger firms like E. Cohen have the operational platform and staffing to adapt quickly to market conditions and fast-changing laws.
“When we set out to find a larger firm to merge with, there was a very short list of highly capable mid-sized firms. At the top of that list was E. Cohen,” said Jay DeVan, CPA. “We knew this was the perfect opportunity to better serve our clients while more easily meeting new industry demands and providing the best professional growth opportunities for our employees.”
This merger will allow clients to benefit from the expanded industries already offered by the larger E. Cohen, which serves groups such as biotechnology, construction, high-net-worth individuals, government contractors, nonprofit associations, real estate, technology, and emerging businesses. Expanded services can also now be offered to DeVan & Lowery clients, such as IT and cybersecurity, wealth management, international taxation, estate and trust planning, and financial statement auditing.
DeVan & Lowery will be absorbed into E. Cohen’s current organizational structure and operate under the E. Cohen name, joining their counterparts at the E. Cohen headquarters in Rockville, MD.