Nexia International gains top 10 position as merged US firms confirm membership
Friday, 24 August 2012
Nexia International is delighted to announce that the recently merged top 20 US accountancy firm combining J.H. Cohn LLP and Reznick Group has confirmed its membership of the global network, strengthening Nexia International’s presence in the US and elevating it into the top 10 global accounting networks.
The two firms combined to create the 11th largest US accounting firm, with revenues of US$450m and 2,000 staff in 25 offices. The merger has allowed both J.H. Cohn and Reznick Group to extend their presence in the US, with virtually no geographical overlap.
Kevin Arnold, Executive Director of Nexia International, said: “The merger of J.H. Cohn and Reznick Group is the most significant in the US market since CliftonLarsonAllen was formed earlier this year. In both cases, the merged firms have chosen to join Nexia International, reinforcing our position as the network of choice for leading global accountancy firms and demonstrating our continued commitment to consolidating our presence within the region.”
Revenues following the CliftonLarsonAllen merger and the addition of Reznick Group are expected to position Nexia International firmly among the top 10 global accounting networks based on the International Accounting Bulletin World Survey (2012). Nexia was ranked the 11th largest international network by revenue in the latest survey (2011).