Independent accounting-advisory firm Marcum LLP, with offices in Hartford, New Haven and Stamford, has expanded to the West Coast with its acquisition of Los Angeles accounting firm Stonefield Josephson Inc.
Financial terms of the deal were not disclosed.
With the merger, Stonefield Josephson has changed its name to MarcumStonefield.
The merger expands New York-based Marcum’s western reach, while creating a firm with more than 1,100 employees in 21 locations.
“Marcum’s merger with Stonefield Josephson is a major step forward in our expansion strategy,” said Marcum Managing Partner Jeffrey M. Weiner.
It is Marcum’s fifth merger deal in the past 29 months, in which Marcum has deepened its penetration into the Northeast, Florida and California markets.
Stonefield started in 1975 and has 150 employees in offices in Los Angeles, Orange County, San Diego, San Francisco, Silicon Valley and Hong Kong.
