EisnerAmper to merge in Lurie

Top 20 Firm EisnerAmper will be merging in Minneapolis-based Regional Leader Lurie LLP in a deal that will close in September.

The combination represents the second largest in a wave of acquisitions by EisnerAmper since the firm received private equity funding from TowerBrook Capital last August (see story).

Lurie ranks among the top 15 firms in the Midwest Region, with 2021 revenue of $34 million. It has two offices, 24 partners and more than 200 employees. EisnerAmper, meanwhile, ranked No. 18 on Accounting Today's Top 100 Firms list with $488.8 million in revenue. It has 16 offices, 250 partners and 2,750 employees.

Financial terms of the deal were not disclosed.

Founded in 1940, Lurie offers accounting, audit, tax planning and wealth management to clients in a wide range of industries, including health care, professional services, technology, manufacturing, real estate and more. 

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"We are thrilled to join EisnerAmper," said Lurie managing partner Beth Kieffer Leonard, in a statement. "We see the world the same way — in how we serve clients, provide opportunities for our people and how we give back to our community. Additionally, our culture of innovation and our values align perfectly."

"We have respected Lurie for many years now," said Jay Weinstein, EisnerAmper's vice chair of industries and markets. "By supporting startups, accelerators and organizations that support underserved groups, they don't just get involved in their communities, they get invested. Adding these talented professionals to our cause is a real win for EisnerAmper, and an even bigger win for our clients."

Allan Koltin, CEO of Koltin Consulting Group, who advised both firms, said in a statement, "The joining of these two forward-thinking firms creates a powerful combination. EisnerAmper has traditionally been known as a powerhouse on the East Coast and, with the addition of Lurie, takes a huge step toward establishing a flagship presence in the Midwest."

EisnerAmper has been doing several M&A deals since receiving private equity funding last August, including its largest deal, announced in June, to bring on New York-based Top 100 Firm Raich Ende Malter. In March, EisnerAmper added Popper & Co., another firm based in New York City. 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.