Nov 30 SAX EXPANDS NYC PRESENCE AND CONSUMER PRODUCT EXPERIENCE WITH THE ADDITION OF KMR LLP
Parsippany, NJ Headquarters – Wednesday, November 30, 2022 – Top 100 accounting, tax and advisory firm, Sax LLP, has announced the expansion of its Consumer Products Practice and New York presence through the acquisition of fellow tax and accounting firm, KMR LLP, based in New York City, effective November 30, 2022.
KMR LLP has provided quality and personalized financial guidance to individuals and businesses for close to two decades. KMR specializes in high-touch tax and audit services and is a top firm serving middle market entrepreneurs. Sax will expand and enhance its Consumer Products Practice through KMR’s extensive business, proficiency and longtime relationships within the diamond and jewelry industry where they have a solid reputation and global presence.
“We are very excited to join forces with Sax LLP, and to further strengthen our team, capabilities and expertise,” said Steven Merdinger, Managing Partner of KMR LLP. “Sax is a great fit for us. We searched extensively for the right partner to bring our existing client base to, and both our firms believe that exceptional client service and deep expertise are our bedrock that allows us to outperform our competition. We are already witnessing a lot of positive momentum from our partnership, and I look forward to where that will take us.”
This is the third merger Sax successfully completed in the last 4 months to strategically expand the firm’s New York presence. As a result of these recent partnerships, Sax added 5 partners and 26 employees to their New York team. Sax is now a 50-partner-led firm with 278 total employees. The firm has three offices between New York and New Jersey, one international office located in Mumbai, India and has a remote team that spans 15 states and 2 countries.
“Sax is continuing to identify strategic partners in our field to accelerate growth through meaningful acquisitions,” said Joseph A. Damiano, CEO & Managing Partner of Sax LLP. “Just as important as expanding our size and reach, is finding the right fit that will complement our existing team, culture, and service philosophies. KMR LLP does just that, and their high-quality professionals and capabilities will further strengthen us moving forward.”
The merger between Sax LLP and KMR LLP was brokered by Bill Carlino, Managing Director of National Consulting Services for Whitman Transition Advisors LLC. The newly combined firm under the Sax banner will offer a robust portfolio of consulting services for businesses and high-net-worth individuals.
About Sax LLP
Sax LLP is a 50-partner led, Top 100 accounting, tax and advisory firm serving the needs of privately held companies, family-owned businesses, not-for-profit organizations, and high-net-worth individuals. With offices in Parsippany, NJ, Pennington, NJ, New York City, NY and Mumbai, India, Sax has specialized expertise that benefits clients in our largest vertical markets. Sax provides added value to clients through advisory services that include but are not limited to Cybersecurity and Managed IT, Investment Banking, Transaction Advisory, HR Consulting, Valuation, Forensic & Litigation and Wealth Management. Sax has been nationally ranked and listed among the Top Accounting Firms by NJBIZ, INSIDE Public Accounting (IPA), Accounting Today and Forbes. For more information, please visit www.saxllp.com.