New Jersey-headquartered CPA firm Withum has expanded its practice with the addition of Pannell Kerr Forster of Texas (PKF Texas), a public accounting, tax, and business advisory firm based in Houston.

This move will see PKF Texas’ 20 partners and approximately 160 team members become part of Withum.

The PKF Texas team will continue to operate from their existing office at 5847 San Felipe St., Suite 2600, in Houston.

PKF Texas director and chairman of the Board Gary Voth said: “We are very excited to become part of the Withum team. Our promise has always been to build personal connections through forward-thinking expertise to help our clients reach their goals.”

“Our clients will now benefit from a larger platform of national and international resources, deeper technical expertise and specialised knowledge.

Withum managing partner and CEO Pat Walsh added: “Uniting our firms enables us to grow a portfolio of energy and oilfield service businesses nationwide. A piece of our M&A strategy aims to build around existing capabilities to create a more holistic client service approach. Diversity in expertise, experience and culture strengthens our ability to serve our clients and attract talent. Having a presence in Space City opens up fantastic growth opportunities, and we’re thrilled to be here.”

The merger enhances Withum’s industry strengths by adding an “established” energy and oilfield services practice.

Other areas of expertise that will be bolstered through the merger include financial services, manufacturing, professional services, technology, and private client services, along with a suite of client accounting and advisory services.

Withum, founded in 1974, operates on a local-to-global scale. It has 26 offices and generates an annual revenue of $578m.

The latest move follows Withum’s merger with CTM CPAs & Business Advisors, which saw the integration of four partners and approximately 50 team members.