Weaver, a Top 40 Firm based in Houston, is expanding its presence in New York City by adding Levine & Seltzer, effective April 1.
Levine & Seltzer dates back to 1992 when it was co-founded by a pair of CPAs, Elliot Levine and Philip Seltzer. The firm focuses on clients in the real estate market and high-net-worth individuals and their companies. It offers accounting, audit and advisory services, along with structuring advice on acquisitions and divestitures in different industries.
“We have been looking for an established firm to join our team and expand Weaver’s presence in New York, a strategic growth market for Weaver,” said Weaver CEO and managing partner John Mackel said in a statement Monday. “We value Levine & Seltzer’s expertise, reputation and deep-rooted client relationships in the New York market. We are excited about how our combined operation enables us to build on our existing real estate and alternative investment practices, while becoming a broader full-service firm in New York.”
Financial terms of the deal were not disclosed. Weaver ranked No. 39 on Accounting Today’s 2022 list of the Top 100 Firms, with $164.9 million in annual revenue. The firm has approximately 113 partners and 755 employees.
The deal expands Weaver’s New York practice by 24 team members, including two partners, two managing directors and several other professionals in the tax and assurance practices. By the end of 2022, all of Weaver’s New York City operations will be located at 500 Fifth Avenue.
Levine will be responsible for leading Weaver’s New York office. “We built the firm by providing the highest level of expertise and service,” he said in a statement. “Our clients rely on us for advice in all aspects of their financial lives. The more I learned about Weaver, the more I realized how well aligned we are in our culture, business philosophy and strategic direction. As a combined firm, we will build something special in New York. My team and I are proud to be part of it.”
Last December, Weaver expanded to Los Angeles by adding accounting and advisory firm
