CohnReznick, a leading national advisory, assurance, and tax firm, is expanding in the Northeast with the merger of the Kevin P. Martin & Associates (KPM) team, a top Massachusetts-based accounting, consulting, and tax firm.
The deal adds 100 people to CohnReznick, placing the firm among the Top 10 accounting firms in Massachusetts, announced the company.
The move deepens bench strength for CohnReznick’s Boston-area affordable housing, real estate, and nonprofit practices and brings diversification with additional expertise in technology, life sciences, and high net-worth individuals.
CohnReznick has been a leader in low-income housing, historic, New Markets, and other tax credits. KPM’s markets also have included affordable housing, real estate, and the nonprofit sectors, and its team will significantly expands CohnReznick’s film and entertainment tax credit capabilities.
CohnReznick will maintain its Boston office while adding locations in Braintree, Danvers, and Fall River. This expansion builds upon the firm’s strength in the Northeast—the largest region for the firm, which now projects annualized revenues of $280 million, more than a third of the firm’s $770 million projections.
The firm now has 23 offices across the country as well as global subsidiaries in India, Hong Kong, the Netherlands, Australia, and the Cayman Islands with additional global reach through its membership in Nexia International.
“Culturally, CohnReznick and KPM are a great fit,” said David Kessler, CEO of CohnReznick. “Our shared passion for investing in our communities—and commitment to our clients and stakeholders in the many industries we serve—cannot be understated. On behalf of our partners and everyone at CohnReznick, I am delighted to welcome the KPM team to our firm.”
Kevin P. Martin Jr., president and CEO of KPM, added that the move comes at the right time in the marketplace.
“The pandemic has accelerated our industry forward by more than a decade. Now, more than ever, clients want geographic reach, decision-making agility, and in-depth knowledge. Our clients will benefit from CohnReznick’s resources and expertise, and our team will benefit from enhanced professional development, leadership, and career advancement opportunities,” he said. “My dad founded our practice over 50 years ago, and we will continue to honor his legacy every day. Like so many of us, my dad had a strong admiration for David Reznick, and he would have been very proud that KPM has become part of the CohnReznick family and its commitment to client service excellence, hands-on approach, innovation, diversity, and community engagement.”
