Marks Paneth Expands into Philadelphia Area

7/6/16

NEW YORK--(BUSINESS WIRE)--Leading accounting, tax and advisory firm, Marks Paneth LLP, has announced that the partners and staff of Jenkintown-based MDG, LLC 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.

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