CTM CPAs & Business Advisors (CTM), a US-based public accounting, tax and business consulting firm, has expanded its practice through a merger with WithumSmith+Brown (Withum).
Headquartered in Lincolnshire, Illinois, CTM offers a its clients a comprehensive suite of accounting, tax and consulting services.
With the development, its team, including four partners and approximately 50 team members, will join Withum.
However, the team will continue to operate from their current location at 1 Overlook Point, Suite 190.
CTM’s expertise spans across financial statement preparation, tax planning and preparation, business valuations, succession planning, and bill pay solutions, among others.
The firm also offers new tax strategies and approaches to aid the clients in achieving their financial objectives.
CTM managing partner Steven Edelheit said: “We are very eager to become part of the Withum team. Our client promise has always been to build lasting relationships through exceptional client service to help them reach their goals.
“Joining forces with Withum will offer our valued clients and dedicated staff more opportunities to thrive and achieve success under the Withum brand.”
The union with CTM is set to expand Withum’s franchise practice and bolster its industry strengths.
The sectors that will benefit from this merger include restaurants, professional services, real estate, construction, manufacturing and distribution, and not-for-profit organisations.
Withum managing partner and CEO Pat Walsh said: “Uniting our firms grows our portfolio of franchise clients as CTM’s team brings additional depth of service and expertise in this area.
“Their approach to client service, proven by a similar tenure in the profession, blends seamlessly with ours. Together, we share a people-first mentality with a vision of providing best-in-class solutions through a dynamic approach to problem-solving for our clients’ growth and success.”
Headquartered in Princeton, New Jersey, Withum was established in 1974. It boasts 26 offices and generates an annual revenue of $578m.
The firm offers advisory, tax, and audit services on a local-to-global scale and is an independent member of HLB International, a worldwide network of independent advisory and accounting firms.
In November 2024, Withum launched a new AI-focused website, withum.ai, to offer businesses services around AI strategy, implementation, engineering, and AI adoption and governance.
“CTM CPAs & Business Advisors merges practice with Withum” was originally created and published by International Accounting Bulletin, a GlobalData owned brand.
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