EisnerAmper, one of the largest accounting firms in the U.S, has acquired a high-profile competitor. The deal will grow the firm’s presence in the Midwest.

Lurie, the competitor that EisnerAmper has acquired, was founded nearly a century ago. It’s an accounting firm with a workforce of more than 200 people, including 24 partners.

Lurie made it into the accounting industry’s prestigious Best of the Best firm ranking last year. Staffers work with corporate clients in blue-chip industries like health care, professional services, technology, manufacturing and real estate.

EisnerAmper primarily works with clients in the East Coast. Lurie has a large roster of clients in the Midwest.

The deal will enable EisnerAmper to significantly grow its Midwest presence without the time investment that would have been necessary to assemble a team of accountants in the region on its own.

The acquisition comes on the heels of EisnerAmper announcing the launch of an outsourced information technology practice. The new practice will assist clients mainly with cybersecurity and certain closely related tasks, like recovering business documents after IT failures.

The launch of the new technology practice and the acquisition of Lurie both represent major expansions of EisnerAmper’s business.

Selling technology services to corporate clients is an especially lucrative activity, which is why all the Big Four accounting firms have IT practices with thousands of workers each. Reading the between the lines of EisnerAmper’s recent business expansion moves, the leadership team appears to have set some significant revenue growth objectives for the next 5 years.

EisnerAmper’s recent moves to expand its business into new areas are not uncharacteristic for the New York-based firm.

In addition to providing accounting services, the firm offers a bevy of other advisory solutions. A CEO can hire EisnerAmper to revamp their company’s employee benefits program, assist with a real-estate deal or support a bid for a government contract.

Moving into the technology services business merely continues EisnerAmper’s existing strategy of providing a broad menu of professional services to clients.

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