Crowe Horwath LLP, Chicago is acquiring Grobstein, Horwath & Co., LLP, Sherman Oaks, California. The move will add 120 Grobstein employees to Crowe Horwath’s 2,500 employee base. Grobstein has a second office in Costa Mesa, California.
A Crowe spokesperson said the company would neither lay off nor hire employees as a result of the merger.
Grobstein offers tax, assurance, bankruptcy, litigation, estate, SEC, and valuation services to clients in the U.S. and the Pacific Rim, including the People’s Republic of China. Crowe CEO Chuck Allen said the transaction will help his firm better serve its West Coast clients, as well as those with Asian operations. The deal is scheduled to close December 1st.
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