The vast majority of partners on both sides agreed to the deal, which gives
Mazars it first formal foothold in the region.
Weiser employs more than 650 professionals, turning over $135m (£89m). They
had worked together in a joint venture since 2000. The combined business will
have offices in 56 countries, with 12,500 professionals and 680 partners.
The deal gives both sides greater reach, particularly with smaller businesses
looking to operate globally.
“We’ve seen increasing globalisation of business, with owner-managed
businesses facing global activities,” said Weiser chairman Doug Phillips.
New York-based Weiser’s largest proportion of its client base comes from
OMBs, but it also works with listed clients and in private equity.
Mazars chairman and CEO Patrick de Cambourg said the deal would drive
business for the firm, with its US reach attractive for its global clients.
It is an important step in Mazars’ development and our clients will benefit
from the formal combining of our services in the US market,” said de Cambourg.
The US arm will now be known as Weiser Mazars, and Phillips joins Mazars’
executive board. A board meeting will take place in New York next month where
driving growth from the newly combined business will be discussed.
The merger will not involve job cuts.
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