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Marcum Technology completes acquisition of CLA’s IT Enhanced Managed Services Division to expand Managed IT Services

Jun 03, 2024•about 1 year ago

Acquiring Company

Marcum Technology

Acquired Company

CLA

New YorkGlendoraCyber SecurityConsultingInformation TechnologyAccountingFinancial ServicesConsulting

Description

Marcum Technology, a division of Marcum LLP, has completed the acquisition of the IT Enhanced Managed Services division of top-ten accounting firm CLA (CliftonLarsonAllen LLP). This acquisition expands Marcum Technology’s Managed IT Services and adds additional experience to its healthcare and banking industry teams. The talent infusion from former CLA team members significantly elevates the company’s service offerings and strategic capabilities.

Company Information

Company

Marcum Technology

Location

New York, New York, United States

About

Marcum LLP is a leading accounting and advisory firm providing a full spectrum of traditional tax, accounting, and assurance services; advisory, valuation, and litigation support; managed accounting services; and an extensive portfolio of specialty and niche industry practices. With a strong presence in the Midwest, Marcum LLP has strategically expanded its operations with the acquisition of Croskey Lanni PC.

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed