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Press Releases: 2017

Marks Paneth LLP Expands into Philadelphia Area

July 6, 2016

Accounting firm adds scale in key market with addition of Jenkintown-based MDG, LLC

New York, NY (July 6, 2016) – Leading accounting, tax and advisory firm, Marks Paneth LLP, has announced that the partners and staff of Jenkintown-based MDG, LLC (“MDG”) joined the firm, effective July 1, 2016. The acquisition brings six partners and fourteen professionals to the firm, while expanding its presence into the Philadelphia marketplace.

Since its founding in 1979, MDG has offered comprehensive accounting, tax and advisory services – including financial reporting and attest; tax planning, compliance and consulting; forensic accounting; business valuation; and litigation support – to a diverse array of clients across the technology, real estate, commercial fishing, manufacturing, distribution and nonprofit industries.

“We are continually looking for quality firms whose specialties complement our own – ultimately, adding value to enhance our clients’ experience. The partnership is excited about the synergies between Marks Paneth and MDG. It’s an outstanding firm we’ve known for a number of years,” said Harry Moehringer, Marks Paneth’s Managing Partner. “This acquisition adds depth and expertise to our firm, while extending our capabilities and footprint outward to the dynamic Philadelphia marketplace.”

“Even in the early stages of our discussions, the cultural synergies between our two firms were apparent,” stated John Mitchell, Managing Partner of MDG. “Joining Marks Paneth gives our clients access to actionable insight, particularly in the areas of real estate, nonprofit, domestic and international tax, and litigation support services.”

For more information, please contact John McKenna of ICR, Inc. at (203) 682-8252 or john.mckenna@icrinc.com.

About Marks Paneth LLP

Marks Paneth LLP is an accounting firm with more than 600 people, including over 80 partners and principals. The firm provides public and private businesses with a full range of auditing, accounting, tax, consulting, trade remediation and valuation services as well as litigation and financial advisory services to domestic and international clients. The firm also specializes in providing tax advisory and consulting for high-net-worth individuals and their families, as well as a wide range of services for international, real estate, hospitality, media, entertainment, nonprofit and government services clients.  The firm has a strong track record supporting emerging growth companies, entrepreneurs, business owners and investors as they navigate the business life cycle. The firm's subsidiary, Tailored Technologies, LLC, provides information technology consulting services.

In addition, Marks Paneth’s membership in Morison KSi Ltd., a leading international association for independent business advisers, financial consulting and accounting firms, facilitates service delivery to clients throughout the United States and around the world. Marks Paneth, whose origins date back to 1907, is the 34th largest accounting firm in the nation and the 8th largest in the mid-Atlantic region. In addition, readers of the New York Law Journal rank Marks Paneth as one of the area's top three forensic accounting firms for the sixth year in a row.

Marks Paneth is headquartered in New York City, with additional offices in New York, New Jersey, Pennsylvania and Washington, DC. For more information, please visit markspaneth.com.

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