Marks Paneth LLP Acquires Accounting Firm with Valuation, International Tax and High-Net-Worth Expertise

Monday, March 30, 2015 - 12:09

Marks Paneth LLP (FY14 net revenue of $101 million) has acquired Fischer Barr & Wissinger, LLC (FY14 net revenue of $3.5 million), a Parsippany, New Jersey-based full service accounting firm, effective February 1, 2015. With this acquisition, Marks Paneth, the New York City-headquartered accounting firm and the 35th largest in the U.S., expands its growing list of offices to include New Jersey.

Fischer Barr & Wissinger focuses on the areas of tax planning, business and medical practice valuation, litigation support, accounting, auditing and consulting services. Its international tax and high-net-worth capabilities enhance the already strong expertise Marks Paneth offers its clients in these areas of specialization. The firm now operates under the Marks Paneth name.

The acquisition also adds expertise to Marks Paneth's valuation practice. Eric Barr, CPA, ABV, CFF, CVA, CFE, a founder and co-managing member of Fischer Barr & Wissinger, has been named partner-in-charge of the valuation practice, part of Marks Paneth's Litigation and Corporate Financial Advisory Services Group. He will advise clients on business valuation disputes relevant to economic damages, mergers and acquisitions, and changing regulatory requirements in the healthcare industry.

O. David Fischer, CPA, JD, LLM (Taxation), a founder and co-managing member of Fischer Barr & Wissinger, said, "Marks Paneth and Fischer Barr & Wissinger have similar cultures. Joining Marks Paneth brings us access to the depth of technical expertise and resources of a much larger firm. This will, in turn, help us better serve the market."

"We are very pleased to have completed another combination that expands our geographic presence and augments our thought capital with added valuation depth," said Harry Moehringer, CPA, managing partner of Marks Paneth. "In addition, Fischer Barr & Wissinger's large complex clients will benefit from the strength of the significant expertise we bring to our clients."