PwC Expands Private Company Services Practice in Florida
Increased demand for private company expertise, especially from multinationals entering the U.S.
Practice targets close to 50 percent growth in headcount across the next three years
David Zimmerman appointed Florida Private Company Services Leader
Jul 30, 2015, 09:00 ET
TAMPA, Fla., July 30, 2015 /PRNewswire/ -- PwC U.S. announces today that it expanded its Private Company Services (PCS) practice across the state of Florida, offering PwC's full range of services including audit and assurance, tax and advisory services to private companies, their owners and high net-worth individuals in the region. The Florida practice forms part of PwC PCS' national offering which is now present in 16 major U.S. markets and has 2,000 professionals serving more than 60 percent of the largest private companies in the U.S.
The Florida market has experienced consistently strong GDP growth over the last two years and has become a global entry point to North America for many South American and European multinational companies. PwC expects to grow its number of professionals in the region by nearly 50 percent across the next three years across its offices in Tampa, Miami, Jacksonville, Orlando and Ft. Lauderdale.
"We're delighted to expand our private company offering to Florida," says Rich Stovsky, U.S. leader of PwC's Private Company Services practice. "We've expanded our national practice exponentially and expect Florida to be our fastest growing market for private company services to date. Through our global network and local professionals we will help companies in Florida to meet business demands and remain a key driver of the overall U.S. economy."
As part of its expansion, PwC appointed David Zimmerman as Florida PCS Leader, who will be based in the firm's Tampa office. Zimmerman is a tax partner who specializes in serving private companies on corporate income tax issues as well as international tax, state and local taxation, mergers and acquisition planning, due diligence analysis and tax minimization strategies. He received a bachelor's degree in accounting from the University of Maryland as well as a master's degree in taxation from Villanova University and is a Certified Public Accountant in Massachusetts, Pennsylvania and Florida.
"Florida has become a hotbed for fast-growing private companies, both domestically and for international companies seeking expansion in the U.S.," adds Zimmerman. "With increased competition, regulatory shifts and a fierce battle for talent, we are seeing an increased demand for our services. We look forward to helping companies in Florida to navigate these complex set of challenges."
PwC's Florida PCS practice will serve a broad range of industries and sectors including manufacturing, retail, distribution, transportation, real estate development/leasing and business/professional services.
About PwC's Private Company Services Practice
Located in all major US markets, PwC's Private Company Services (PCS) is a national practice comprised of more than 170 partners who provide customized tax, audit and advisory services to private companies, their owners and high net worth individuals. The majority of America's largest private companies are PCS clients.* They span a broad scope of sectors and industries ranging from manufacturing to retail to industrial to professional services.
A hallmark of PCS is a robust thought leadership program that provides clients with timely, thought-provoking information to help manage and grow their businesses and wealth.
Visit us online at pwc.com/us/pcs.
* Forbes 2014 List of America's Largest Private Companies
About PwC US
PwC US helps organizations and individuals create the value they're looking for. We're a member of the PwC network of firms, which has firms in 157 countries with more than 195,000 people. We're committed to delivering quality in assurance, tax and advisory services. Find out more and tell us what matters to you by visiting us at www.pwc.com/US.
PwC refers to the US member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.
© 2015 PricewaterhouseCoopers LLP, a Delaware limited liability partnership. All rights reserved. PwC refers to the US member firm, and may sometimes refer to the PwC network. Each member firm is a separate legal entity. Please see www.pwc.com/structure for further details.
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SOURCE PwC U.S.