New Jersey CPA member Weber, Shapiro & Company, LLP merges with Sobel & Co LLC
We are pleased to announce that Woodcliff Lake, NJ accounting firm member Weber, Shapiro & Company, LLP (‘Weber Shapiro’) has concluded an agreement to merge with Sobel & Co LLC (‘Sobel & Co’), a leading regional firm, effective January 1, 2019. The firm will operate as Sobel & Co.
The merger creates a combined firm of approximately 140 people across two offices in New Jersey (Livingston and Woodcliff Lake) and a third smaller office in Paoli, Pennsylvania. The firm’s staff are dedicated to serving the needs of the middle market business community and private individuals.
The merging firms share a vision of providing the sophisticated expertise and business acumen typically common to larger firms with the more personal, hands-on approach associated with mid-size firms. Alan Sobel, managing member of Sobel & Co, expects the merger to reinforce this vision for both parties, commenting: “Over the years, we have carefully managed our firm’s growth while seeking partners who will enhance our culture and expand our opportunities. We have found that great fit with Weber Shapiro.”
As the firm’s Alliott Group primary contacts, Mark Weber, Scott Shapiro and Luzmaria Concannon will remain at the service of members across the worldwide alliance. The current Weber Shapiro office in Woodcliff Lake will also remain intact, with Mark Weber continuing his role as managing partner of this office.
Alliott Group CEO James Hickey comments:
“Weber Shapiro have always taken a proactive and collaborative approach to their alliance membership and I thank the partners at Weber Shapiro for their open communication at all times throughout their merger process. While our US member firms are among some of the nation’s best managed accounting firms, we are realistic that they are always going to be attractive to larger mid-market firms. However, Sobel & Co’s decision to continue Alliott Group membership for at least two more years highlights their confidence in our ability to deliver value, monetary or otherwise, to their clients and staff. Over this period, Sobel & Co will evaluate the benefits of membership against their existing alliance.”
Together the merged firm offers to the market vast experience and a strong reputation for serving clients in an even wider range of specialist industry sectors: professional services, manufacturing and distribution, retail and wholesale, media and marketing, real estate, technology and telecoms, non-profit and social services and franchises. Further expertise includes consultancy related to employee benefit plans, business process outsourcing, forensic accounting, fraud, valuations and litigation support.
Ahead of an official merger announcement, Weber Shapiro managing partner Mark Weber comments:
“Our merger increases the depth of resources available to our clients, creates new opportunities for our staff and expands our presence to some of the area’s key niche markets. At least for the next two years, Alliott Group will have an even larger geographic footprint across the tri-state area. We remain very committed members of Alliott Group and Alan Sobel, Sobel & Co’s managing member, will be attending the North America Leadership Conference in January so that he can experience personally the alliance’s collaborative and welcoming culture.”
About Sobel & Co
Sobel & Co, originally established in Newark, New Jersey, has been successfully serving middle market, entrepreneurial and family-owned businesses since its inception in 1956. Today, the firm operates from two offices located in Livingston and Woodcliff Lake, NJ with over 140 professionals working in a client focused, nurturing culture that supports its reputation for delivering services and solutions across a range of industries. The firm was built on core values that speak to the staff’s commitment to each other, to clients and to the community. Under the guidance of Alan Sobel and the leadership team, the firm has continued to grow and flourish, both organically and through strategic mergers, enjoying its status as a leading regional firm in the community.