SOURCE: UHY Advisors, Inc.

UHY Advisors, Inc.

April 16, 2010 12:57 ET

UHY Advisors, Inc. Announces Sale of New England Offices

CHICAGO, IL--(Marketwire - April 16, 2010) -  UHY Advisors, Inc. announces the sale of three of its offices located in New England, which currently employ 150 people, to Marcum LLP, effective April 16.

"This sale of our New Haven, Hartford and Boston offices presents a strategic opportunity for our firm," said Rick Stein, Co-Chief Executive Officer of UHY Advisors, Inc. "We are constantly evaluating our business model to identify how to invest in emerging growth regions while assessing our position in more mature markets. As a result of this sale, we will further focus our efforts on improving the strategic growth of our core offices and client base, and enhancing professional services to selected industries."

"Our acquisition of two large specialty practices in Atlanta has increased our capabilities to serve large private and public companies," Stein added. "The recent hiring of Managing Directors in New York, Atlanta, Dallas and Houston adds special expertise to our management team that will enable us to continue to strengthen our existing capabilities and manage our future growth." 

Stein confirmed the sale has no effect on other UHY Advisors operations, which include offices in New York, New Jersey, Atlanta, Chicago, Detroit Metro, Houston, Dallas, St. Louis and Washington DC/Mid-Atlantic. Post sale, the firm will have 15 offices and about 1,000 professionals. 

UHY Advisors specializes in serving Fortune 1000 and middle market companies with an array of comprehensive tax and consulting services. The firm has an alternative practice structure with UHY LLP, which provides a full range of audit and assurance services.

About UHY Advisors, Inc. and UHY LLP
UHY Advisors, Inc. and its subsidiary entities have more than 1,000 professionals providing services from offices across the United States. UHY Advisors, Inc. is ranked among the 20 largest professional services firms providing tax and business consulting in the country by Accounting Today. Attest services are performed through an alternative practice structure with UHY LLP, a licensed CPA firm.

UHY Advisors, Inc. and UHY LLP are independent U.S. members of UHY International Limited, an international association of independent member firms providing accounting, tax and other professional services. For additional information, please visit UHY Advisors' Web site at www.uhyadvisors-us.com.

UHY Advisors, Inc. and its subsidiary entities are not licensed CPA firms. UHY LLP is a licensed independent CPA firm that performs attest services.