H.R. Margolis and Becker & Company Merge, New Name is MargolisBecker
Press release from the issuing company
Oct 18, 2006 -- H.R. Margolis Company of Philadelphia, and Becker &
Company, P.C., based in the Washington, DC area, announce their
merger as MargolisBecker. The two companies are the leading CPA
firms providing financial and management services to the graphic
communications industry.
MargolisBecker will maintain its current operations in the
Washington, DC and Philadelphia areas. Leadership of the new company
will be shared by Bart Krupnick and Joe Becker in the Washington, DC
office, and Stuart Margolis in the Philadelphia office. Margolis is
the son of the late Harris Margolis, founder of H.R. Margolis
Company. Krupnick is a long-time partner in Becker & Company with Joe
and Christine Becker.
Though previous competitors in the marketplace, Bart Krupnick and
Stuart Margolis have been friends since their childhood days in
Philadelphia. Their lifelong friendship forms a solid basis for this
merger.
“Maybe it’s fate, but we’ve been friends since we were seven years
old,” remarks Margolis, “and it’s so unique that each of us became
CPAs in companies that totally focused on the graphic arts industry.
Bart and I share the same values and beliefs when it comes to
business, so it makes this merger an easy choice. I have enormous
respect for what he and the Beckers have done with their company, and
I expect MargolisBecker to be a great combination of personalities,
talents and skills.”
MargolisBecker provides many more services than the typical Certified
Public Accounting Firm. “With the merger, MargolisBecker will be able
to offer printing and graphic arts companies the most comprehensive
range of financial management and consulting services available, from
meeting a company’s most fundamental needs to helping owners develop
and implement strategic plans designed to move their companies in the
direction they want to go,” says Krupnick.
“We will continue to offer everything from strategic planning
through working with our clients on business succession and exit
strategies,” adds Joe Becker. Listening to and partnering with
business owners to implement operational and financial strategies
will remain a cornerstone of the company’s business philosophy. It
is this unique combination of personalized service and graphic arts
expertise that has lead both companies to be recognized as “the
industry’s accountant.”
The two merging companies share an impressive list of professional
credentials. Both H.R. Margolis and Becker & Company have
independently served as “on-site” consultants for the Printing
Industries of America (PIA/GATF). Becker & Company has additionally
provided on-site consulting expertise to the National Association of
Printing Leadership (NAPL), and was the 2001 recipient of the NAPL
Industry Award for noteworthy contributions to the industry. H.R.
Margolis Company is well known for its long-term participation in
compiling the annual PIA/GATF Ratio Studies, which provide a
comprehensive picture of the financial status of the graphic arts
industry in the U.S. and Canada. Joe Becker is a member of NAPL’s
Soderstrom Society, and both he and the late Harris (H.R.) Margolis
are members of PIA/GATF’s prestigious Ben Franklin Society. Bart
Krupnick has served as “tax counsel” to PIA/GATF’s Government Affairs
division, and has been a contributing author to NAPL’s Printing
Manager publication. Stuart Margolis, Joe Becker, and the late H.R.
Margolis have all been recognized for their insightful articles and
nationwide educational instruction on timely topics for the printing
and graphic industries. Both firms also hold extensive professional
memberships in financial organizations such as the American Institute
of Certified Public Accountants, The ESOP Association, and National
Association of Certified Valuation Analysts; as well as in the
graphic communications associations of PIA, various PIA regional
affiliates, and NAPL.