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HOUSTON (November 20, 2023) – Weaver, a national accounting and advisory firm, announces a transaction with New York-based Buchbinder Tunick & Company, LLP effective January 1, 2024. This deal significantly expands Weaver’s East Coast presence to five offices, including two in New York City, one on Long Island, one in New Jersey and one in Washington, D.C. It also adds 125 audit, tax and advisory professionals, including 16 partners, to the firm.
Over the past several years, Weaver’s New York team has had great success driving the firm’s growth in several sectors, including alternative investments, real estate, private equity and energy. This transaction strengthens Weaver’s service and industry depth in the Northeast and expands its presence into Washington, D.C. and New Jersey.
Since 1945, Buchbinder has delivered audit, tax and consulting services to clients across many industries, including manufacturing and distribution, real estate and professional services. The firm also has a robust audit practice dedicated to labor unions and employee benefit plans.
“We could not be more pleased with Buchbinder’s experience and cultural fit with Weaver,” said John Mackel, CEO and managing partner. “The firm has built an excellent reputation in the Northeast and throughout the country with labor unions and employee benefit plans. We look forward to building on Buchbinder’s strong brand equity to drive growth in our combined audit, tax and advisory practices, both in the Northeast and nationally.”
“The partners at Buchbinder are delighted to have found a firm that genuinely cares about their people, and this is reflected in every aspect of their culture. We look forward to the opportunities this deal provides for our team members to grow and develop their careers as part of Weaver,” said Peter Ricci, management committee member at Buchbinder. “We also believe the depth of services Weaver offers, especially from an advisory perspective, will bring added value to our existing clients.”
Weaver will combine its employee benefit plan practice with Buchbinder’s labor union and benefit plan practice. The goal is to expand the practice nationally and continue to grow a team dedicated to audit and advisory services to labor unions and employee benefit plans. The combined firm will serve more than 650 labor unions and employee benefit plans with $165 billion in total plan assets.
The Buchbinder team will remain in their existing offices at One Pennsylvania Plaza in New York City; 500 North Broadway, Jericho, NY; 150 Clove Road, Little Falls, NJ; and 6720-A Rockledge Drive, Bethesda, MD.