Top 60 accounting firm KSM (Katz, Sapper & Miller) has expanded its presence in New York after acquiring Shanholt Glassman Klein Kramer & Co. (SGKK), a New York City-based CPA firm with a focus on the real estate industry, effective Oct. 31.
Financial terms of the deal weren’t disclosed. KSM established its New York office in 2012, and with the addition of SGKK’s nearly 60 employees and six partners, the office will expand to a team of approximately 90 professionals. SGKK partner Sandy Klein will serve as managing partner of the combined office.
“We are excited to welcome the talented team at SGKK to KSM. With its long-standing reputation for excellence, particularly in real estate, SGKK’s deep industry expertise will significantly strengthen our capabilities in this important market,” Tim Cook, CEO and president of KSM, said in a statement. “Together with our existing real estate offerings, SGKK’s experience will help us further enhance our reputation and drive continued growth in New York.”
Founded in 1931, SGKK provides accounting, tax, and consulting services to local, national, and global businesses.
“I am incredibly proud of SGKK’s 93-year legacy of excellence and all that our firm has accomplished together, including serving our clients well, fostering a close-knit team, and building a robust business,” Klein said. “Joining KSM will enable us to continue to serve our clients well while offering a wider range of services. SGKK’s employees will also share in greater opportunities for career growth and all the resources that come with a larger firm. I am confident that, together, SGKK and KSM will deliver even more value, and I look forward to leading KSM’s New York office through this exciting new chapter.”
This is KSM’s second major acquisition of 2024. In May, KSM expanded into Ohio with the addition of Cassady Schiller, a top 300 firm in Cincinnati. In addition to its offices in Cincinnati and New York, Indianapolis-based KSM also operates offices in Fort Wayne, IN; Evansville, IN; and Oklahoma City, OK.
With the close of the SGKK transaction, KSM employs more than 700 employees across the U.S.
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