Dallas-based public accounting firm FORVIS and Paris-based Mazars announced that they will create a new, Top 10 global network with roughly $5 billion in revenues, effective June 1, 2024.
FORVIS is the eighth largest public accounting firm in the U.S. and Mazars is a leading international audit, tax, and advisory firm. The firms said the new network will position them for continued global growth by expanding their capabilities to serve clients, especially those with international needs.
The network will operate under a single brand worldwide, Forvis Mazars. With approximately $5 billion in revenue, Forvis Mazars will be a new entrant in the top 10 global network rankings.
Advancing ‘shared strategies’ worldwide
“A two-firm network, operating under a single global brand, quickly advances our firms’ shared strategies,” FORVIS CEO Tom Watson said in a statement. “It’s an opportunity to better serve our clients, especially those with international needs, and support our people on a path of continued growth. Our organizations know each other well, with a strong history of collaboration and very similar cultures of putting our people and clients first.”
“FORVIS has always been passionately committed to providing an unmatched client experience and unlocking the potential of both our clients and our people,” he added, “and this opportunity allows us to do so on a strengthened global platform.”
The network is designed to be agile, deliver consistency and have the global scale to meet clients’ needs, the firms said. Both network members will remain owned by their current respective partnerships. Effective June 1, Mazars USA will join Forvis Mazars in the U.S.
“I’m really delighted that Mazars and FORVIS have taken this transformational step and am excited about the opportunities it presents for both firms in serving our clients and supporting our people,” Hervé Hélias, CEO and chairman of Mazars Group, said in a statement. “We’re proud to bring a pioneering new network model to our industry and are excited to continue this journey together.”
“At Mazars, we’re committed to helping our clients confidently build and grow their businesses, and forming this two-firm network with FORVIS complements our existing international integrated partnership and significantly advances Mazars’ international strategy,” Hélias added. “We’re proud to offer our clients the strength of our international integrated partnership in 100 countries and the benefits of FORVIS’ large national partnership in the U.S., which truly works as one firm across the U.S.”
He added that the network “gives us the scale and expanded presence that we have been striving for in the U.S. and marks us out as a top 10 global network with extensive scale and coverage.”
Dallas company’s 100-year legacy
FORVIS has a 100-year legacy. It’s become a top 8 firm in the U.S. while aiming for an expanded global platform.
Mazars has offices in more than 100 countries and territories, and said it has realized much success, rising in prominence, and working with some of the most recognizable brands in the world.
FORVIS LLP has a global reach with 6,000 team members who deliver assurance, tax, and consulting services for clients in all 50 states and internationally.
Mazars is an internationally integrated partnership, specializing in audit, accountancy, advisory, tax and legal services. It operates in more than 100 countries and territories around the world and has 34,000 people to assist clients of all sizes at every stage in their development.
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