EisnerAmper to merge in Tidwell

EisnerAmper, a Top 25 Firm based in New York, is adding the Tidwell Group, a tax, assurance, advisory and real estate consulting firm based in Birmingham, Alabama, with the deal expected to close on May 1.

The transaction represents the latest in a series of M&A deals since EisnerAmper received private equity funding in 2021 from TowerBrook Capital Partners, setting the stage for other accounting firms to follow its lead. The firm split into an alternative practice structure with Eisner Advisory Group LLC providing nonattest services and EisnerAmper LLP offering attest services to clients. 

Financial terms of the deal with Tidwell Group were not disclosed. Eisner Advisory Group ranked No. 17 on Accounting Today's 2024 list of the Top 100 Firms, with $848.7 million in annual revenue. The firm has 400 partners and 4,000 staff members, while Tidwell Group has 40 partners and 200 staff.

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Tidwell has six offices in Alabama, Georgia, Texas and Ohio and was founded in 1997. It specializes in serving clients in the real estate, affordable housing, HUD and USDA-rural development compliance, renewable energy projects and construction industries. 

"Combining an entrepreneurial and community spirit together with a singular focus on delivering client service excellence fuels our trajectory, and we see this same spirit and dedication at EisnerAmper," said national managing partner J. Barry Tidwell in a statement Thursday. "Together, we look forward to achieving greater heights for our clients, staff, industries and the communities in which we practice. EisnerAmper remains deeply committed to supporting and advancing the affordable housing and renewable energy sectors through innovative solutions and dedicated service."

The deal will expand EisnerAmper's real estate clientele. "Combined with Tidwell's nationally recognized real estate group, EisnerAmper will have one of the preeminent real estate practices in the U.S. and beyond," said Christopher Loiacono, EisnerAmper vice chair of services, in a statement. "We're excited about the future, and we heartily welcome our new colleagues from Tidwell Group."

Last year, EisnerAmper merged in Spielman Koenigsberg & Parker in New York, Morrison & Morrison in Chicago, and Postlethwaite & Netterville in Baton Rouge, Louisiana. In 2022, EisnerAmper added Lindsay & Brownell in La Jolla, California, Hoffman Group in Baltimore, Lurie in Minnesota and Florida, and Raich Ende Malter  and Popper & Co. in New York.

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