EisnerAmper merges in Popper & Co.

EisnerAmper, a Top 20 Firm based in New York, is adding Popper & Co., an accounting and advisory firm also headquartered in Manhattan.

Popper dates back to 1946 and has one managing partner and 23 staff who will be joining EisnerAmper, which has 200 partners and 2,500 staff members. The firm serves clients in the New York metropolitan area, as well as Florida, California, Texas and other states. Popper offers sophisticated tax planning, tax compliance, and estate and gift planning services for high-net-worth individuals and families. The firm also provides financial management expertise to small and midsized companies in sectors such as professional services, real estate, hedge fund management, health care, technology, import/export, manufacturing and other industries.

Financial terms of the deal were not disclosed. EisnerAmper ranked No. 18 on Accounting Today’s 2022 list of the Top 100 Firms, with $488.8 million in annual revenue. Last August, the firm restructured after a substantial investment from the private equity firm TowerBrook Capital Partners, setting off a wave of deals involving private equity investments in accounting firms (see story).

Courtesy of EisnerAmper

“Our firm has developed an impressive roster of sophisticated high-net-worth clients who are in need of ever-expanding services that require specialized expertise,” said Popper managing partner Jeff Popper in a statement Thursday. “EisnerAmper’s great expertise in working with sophisticated clients fits perfectly with our client base. The depth of their experience and resources will serve our clients very well.”

The Popper staff will mostly be joining the personal wealth advisors tax practice at EisnerAmper.

“The addition of Jeff and the Popper team — with their decades-long reputation for outstanding work on behalf of their clients — adds great depth to our personal wealth advisors tax practice, bringing additional expertise to our high-net-worth clients,” said EisnerAmper managing partner of tax Michael Laveman in a statement. “We’re excited to have Jeff and his talented team join us.”

Last December, EisnerAmper merged in Caler, Donten, Levine, Cohen, Porter & Veil, a firm based in West Palm Beach, Florida. Last June, prior to the investment from TowerBrook, the firm merged in ZenTek Data Systems, a technology consulting firm headquartered in Fort Lauderdale, Florida. In February of last year, it completed a pair of M&A deals with St. Clair CPAs in New Jersey and Pennsylvania and Goldin Peiser & Peiser in Dallas.