New York-based accounting firm Prager Metis CPAs LLC is growing its New Jersey presence through a combination with the Morganville-based firm The Bernknopf Group Ltd., it announced recently.
The deal, effective Jan. 1, will double Prager Metis’ offices in New Jersey, bolstering the firm’s site in Basking Ridge.
“We welcome their addition,” Lori A. Roth, Prager Metis’ regional managing partner of New Jersey, said in a prepared statement. “We’re excited that this merger enables us to better serve our clients in the New Jersey market. For the Bernknopf clients, joining forces establishes a deeper breadth of support and services. The combination provides more stability in a very competitive New Jersey market, so it’s a good move for both firms.”
Steven Bernknopf, The Bernknopf Group’s managing partner, will be joining Prager Metis as a principal and heading up the firm’s financial planning work in New Jersey.
“Prager Metis has a level of expertise and a growing reputation that is unique for an accounting firm of its size,” he said in a statement. “Their firm culture and desire to expand their New Jersey presence fit so well with my background and areas of expertise that I feel Prager Metis is a perfect fit for our firm. We are truly excited to join the Prager Metis team.”
Prager Metis is one of the larger accounting firms in the state, ranking No. 44 on the most recent NJBIZ list of those firms, with 17 CPAs based in New Jersey.
Phil Whitman and Phyllis Eisenberg of Whitman Business Advisors facilitated the transaction.