MGO Acquires New York-Based CPA Firm Schwartz & Company

NEW YORK, Sept. 12, 2019 /PRNewswire-PRWeb/ -- Acquisition to Increase Size of Professional Team to 450
Adds Strong NY Presence and Specialty in Financial Services including Private Equity, Family Offices and Hedge Funds
Combined Revenue Expected to be $90 Million By End of Year

MGO LLP, one of the fastest growing CPA and Advisory Services firms in the nation, announced today an agreement to acquire Schwartz & Company, LLP., effective immediately.

The transaction combines two top tier, award-winning firms and greatly expands MGO's presence in New York City and throughout the East Coast. All five Schwartz & Company partners are joining the MGO team.

"We welcome the entire Schwartz & Company team to MGO. While formidable as separate companies, combining these two elite teams will enable us to deliver an unmatched experience to our clients," said Kevin O'Connell, CEO and Managing Partner of MGO. "Schwartz brings deep experience representing private equity and venture capital firms, investment partnerships, family offices and public and closely held corporations. We also look to capitalize on these capabilities, as well as the firm's expansive East Coast footprint."

The combination expands the resources and offerings of both firms, strengthening the capabilities of several practice areas including SEC/public company, private equity, family office, audits, tax planning strategies, international business and wealth management.

"MGO is one of the most impressive and innovative firms in the country. Not only will this move strengthen our practice, it will expand our geographical footprint, provide a deeper bench of resources and expertise to service public companies," said Michael Schwartz, Founder and Managing Partner of Schwartz & Company. "The two firms have very similar cultures and common commitment to client service."

Over the past year, MGO has expanded its business in multiple ways to address market demands, including the creation of new partnerships and lines of business to address the needs of cannabis companies and those that want to invest in the sector. In 2018, the MGO I ELLO Alliance was launched to provide professional services to the cannabis market. Through this alliance, the firm also launched ELLO Capital in 2019, one of the first U.S.-based investment banks and M&A advisory firms focused on cannabis.

O'Connell concluded, "MGO is committed to forging the right partnerships to meet market needs. With the addition of Schwartz and recent launch of ELLO Capital, we are in a unique position to serve a variety of sectors looking for superior financial and professional services."

About MGO LLP
Founded in 1987, MGO (Macias Gini & O'Connell LLP) is one of the fastest growing professional services firms in the country. The firm offers a diverse array of assurance, tax, consulting, staffing, outsourcing and advisory services to clients that range from aerospace and engineering firms, to hospitals and nonprofit foundations – from the largest government entities in the country, to the biggest celebrities in Hollywood.

MGO is ranked as one of the top CPA firms in the nation by Accounting Today and Inside Public Accounting. And the firm was awarded the 'Best of Accounting' designation in Client Satisfaction by the independent research firm, Inavero.

About Schwartz & Company, LLP
Founded in 1991, Schwartz & Company, LLP specializes in accounting, audit and tax services for private equity, venture capital companies, investment partnerships, family offices, public and closely held corporations and acquisitions of U.S. companies by both domestic and foreign investors. The firm provides analysis and evaluates operations and current cash flow; prepares multi-year operating and tax pro forma projections; reviews acquisitions; as well as provides consultation for today's myriad forms of investment structure. In addition, we at Schwartz & Company have a wealth of knowledge and expertise in developing tax planning strategies for high-net-worth individuals and families as well as shareholders, partners and corporate executives.

SOURCE MGO, LLP