The 1,000-plus professionals of J.H. Cohn work with clients in more than a dozen industries, including hospitality; retail, apparel and consumer products; medical services; construction; entertainment; health care; mortgage banking; financial services and hedge funds; manufacturing and distribution; private equity; real estate; education; family offices; law firms; nonprofits; and marketing communications. The firmâ€™s service lines are divided into seven general groups: accounting and auditing; tax services; governance, risk and compliance; private equity; consulting; business investigation; and Client Economic Recovery Team (CERT). To enhance its international capabilities, J.H. Cohn maintains membership in the Nexia alliance, a network of 20,600 independent auditors, business advisers and consultants in over 100 countries.
Unity in division
Some of J.H. Cohnâ€™s operations are managed through its affiliated companies, all of which bear the Cohn name. These include Cohn Corporate Finance, Cohn Wealth Management and Cohn Real Estate, all of which do what their monikers suggest. The Cohn Benefits Consultants is in charge of designing and administering pension, profit-sharing and retirement contribution plans, as well as planning employee health and welfare programs, business succession, executive compensation plans and deferred compensation plans. Through Cohn Executive Search, the firm connects companies with senior-level managers. Cohn Consulting works with companies that need help complying with Securities and Exchange Commission regulations, including Sarbanes-Oxley. Cohn UIC, a joint venture with UIC Inc., is a stand-alone risk management firm. Cohn Capital helps middle market companies find necessary funding.
Steady through the years
Many firms that have been around as long as J.H. Cohnâ€”which began in 1919â€”have gone through a slew of name changes, altering the company letterhead every decade to reflect new partners, mergers and rebranding efforts. Julius H. Cohn, one of Americaâ€™s first certified public accountants, led his eponymous firm for more than four decades, overseeing expansions from its headquarters in Newark. He stepped down in 1963, and in 1984, company headquarters were relocated from Newark to Roseland, N.J. J.H. Cohn went on to be one of the largest independent accounting and consulting firms in the metro New York area, serving a long list of middle-market and nonprofit clients, including Fujifilm Computer Products, Quick Chek, Avon Products and the Childrenâ€™s Home Society of New Jersey. Revenue-wise, J.H. Cohn is the 15th largest accounting firm in the United States in 2009, according to INSIDE Public Accounting.
See how they grow
J.H. Cohn has pursued an aggressive strategy of growth by acquisition since the late 1980s. Between 1987 and 2001, the firm made no fewer than eight strategic purchases, gaining a number of offices, industry experts and financial services capabilities. J.H. Cohn then bought four businesses in 2006 and 2007: Fairfield, N.J.-based Mintz Rosenfeld & Company; apparel manufacturer Berenson LLP; Glastonbury, Conn.-based Haggett Longobardi; and Marden, Harrison & Kreuter. The mergers kept coming in 2008 as J.H. Cohn combined with Good Swartz Brown & Berns (GSBB) in June, adding 120 professionals and offices in Los Angeles and Woodland Hills, Calif. Postmerger, GSBB began operating as Good Swartz Brown & Berns, a division of J.H. Cohn. J.H. Cohn didnâ€™t stop there. In July 2008, the firm announced that it would combine with Frederic Kantor & Company PC, a Manhattan-based public accounting firm serving high net worth individuals and families in the entertainment and arts industries. Partner Rick Kantor and his 35 employees relocated from their office on West 36th Street to J.H. Cohnâ€™s Manhattan office at 1212 Avenue of the Americas. They brought with them a client list focused on the talent, public relations and advertising industries, modeling, fashion, photography, architecture, and interior design.
Staying at the top
J.H. Cohn isnâ€™t one of the United Statesâ€™ top 15 accounting and consulting firms for nothing. Its quest for quality and excellence has never been questioned when it finalized a partnership between its three CPAsâ€” Mathew S. Krukoski, Louis A. Pizzileo and Ravi Raghunathanâ€”in February 2010. The companyâ€™s Executive Women of New Jersey (EWNJ), too, got additional partners in Carolyn Dâ€™Anna and Sharon Gordon.
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