The Kevin P. Martin & Associates (KPM) team — a Massachusetts-based accounting, consulting and tax firm — joined CohnReznick, an advisory, assurance and tax firm in the United States. Adding approximately 100 people, the combination puts CohnReznick among the top 10 firms in Massachusetts.
The move deepens bench strength for CohnReznick’s Boston-area affordable housing, real estate and not-for-profit practices and brings diversification with additional expertise in technology, life sciences and high-net-worth individuals. A long-time player in tax-credit programs like new markets, renewable energy, low-income housing, research and development and historic tax credits, the KPM team also expands CohnReznick’s film and entertainment tax credit capabilities.
CohnReznick will maintain its Boston office at One Boston Place while adding locations in Braintree, Danvers and Fall River in Massachusetts. This expansion builds upon the firm’s strength in the Northeast, the largest region for the firm, which now projects annualized revenues of $280 million, more than a third of the firm’s $770 million projections.
The firm now has 23 offices across the country as well as global subsidiaries in India, Hong Kong, the Netherlands, Australia and the Cayman Islands, with additional global reach through its membership in Nexia International.
“Culturally, CohnReznick and KPM are a great fit,” David Kessler, CEO of CohnReznick, said. “Our shared passion for investing in our communities — and commitment to our clients and stakeholders in the many industries we serve — cannot be understated. On behalf of our partners and everyone at CohnReznick, I am delighted to welcome the KPM team to our firm.”
“There is an exciting growth story happening across New England and the addition of the KPM team to our Northeast region is a valuable step in our plan to expand resources in this market with industry teams that meet client needs today and well into the future,” Alan Wolfson, Northeast regional managing partner at CohnReznick, said.
“This is an exciting move for our firm at the right time in the marketplace. The pandemic has accelerated our industry forward by more than a decade. Now, more than ever, clients want geographic reach, decision-making agility and in-depth knowledge. Our clients will benefit from CohnReznick’s resources and expertise, and our team will benefit from enhanced professional development, leadership and career advancement opportunities,” Kevin P. Martin Jr., president and CEO of KPM, said. “My dad founded our practice over 50 years ago and we will continue to honor his legacy every day. Like so many of us, my dad had a strong admiration for David Reznick, and he would have been very proud that KPM has become part of the CohnReznick family and its commitment to client service excellence, hands-on approach, innovation, diversity and community engagement.”