CohnReznick acquires Smith Schafer

CohnReznick acquires Golden Valley's Smith Schafer to establish first Minnesota presence

The managing principal of Smith Schafer explains why the Golden Valley firm started looking for an acquisition partner about a year ago, and what made CohnReznick stand out from other potential suitors.

CohnReznick buys Smith Schafer & Associates to expand to Minnesota

CohnReznick, a professional services operator, has acquired Smith Schafer & Associates, a company based in Minneapolis, Minnesota, US. The financial terms of the transaction were not disclosed. Smith Schafer, which operates three offices and has 12 partners and 89 employees, is focused on professional services, construction, manufacturing and transportation. Smith Schafer managing principal Michael Malugani said: “We are thrilled to have found a…

CohnReznick Expands Footprint With Acquisition of Smith Schafer

New York-based IPA 100 firm CohnReznick (FY24 net revenue of $1.15 billion) has entered the Minnesota market through the acquisition of Smith Schafer & Associates, a Minneapolis, Minn.-based accounting and advisory firm, effective January 1.  Smith Schafer brings 12 partners and 89 employees to CohnReznick and operates three offices in the Minnesota market. The firm serves clients across professional services, construction, manufacturing and tra…

CohnReznick Adds Smith Schafer in Minnesota

The top 15 accounting firm has made its first M&A deal of 2026, acquiring Minneapolis-based Smith Schafer & Associates, in a move that marks the top 15 accounting firm's entry into Minnesota.

CohnReznick acquires Smith Schafer

CohnReznick, a Top 25 Firm based in New York, has acquired Smith Schafer & Associates, a Regional Leader headquartered in Minneapolis, effective Jan. 1, 2026.