Schellman & Company, LLC Announces Carve Out of Cohen & Company’s SOC Practice
TAMPA, Fla.--(BUSINESS WIRE)--Schellman & Company, LLC, a leading provider of attestation and compliance services and top 50 CPA firm, is pleased to announce the successful carve-out of Cohen & Company's System and Organization Controls (SOC) Practice. In this transaction, Cohen & Company’s SOC practice, including select personnel, will transition to Schellman. This strategic relationship is a testament to the outstanding values and focus on company culture, quality, and client service the two firms mutually share.
One of the country’s leading tax and accounting firms with more than 750 professionals across the U.S., Cohen & Company has built a remarkable reputation in the areas of assurance, tax, and advisory services under the leadership of CEO Chris Bellamy. At the same time, Schellman & Company has established itself as a trusted authority on SOC, issuing more than 1,000 reports annually for companies ranging from startup technology providers to the Fortune 5. The carve-out of Cohen & Company's SOC practice presents a unique opportunity for both firms to leverage their combined expertise and industry knowledge to meet the broad needs of their clients.
“SOC work is a highly technical service offering that requires depth of resources and a specialized approach – both of which Schellman excels in providing,” says Bellamy. “We have the utmost respect and confidence in the Schellman team and know they will provide our SOC clients and team members a great platform on which to succeed.”
By aligning their strengths, the two firms are not only reinforcing the trust and collaborative spirit both companies have fostered throughout this process, but they are now also poised to deliver enhanced value and more comprehensive solutions to their respective clients.
“This transaction represents a momentous leap forward for Schellman & Company,” declared Doug Barbin, President of Schellman & Company, LLC. “Throughout this process, we have demonstrated our ability to collaborate seamlessly with a leading CPA firm, enabling us to deliver comprehensive solutions while staying true to our individual strengths and expertise. We are truly excited to extend our unwavering commitment to excellence to Cohen & Company’s SOC clients, empowering them with exceptional SOC risk assurance, compliance, and cybersecurity services specifically tailored to meet their ever-evolving needs in today's intricate business landscape.”
As this transition moves forward, Schellman & Company and Cohen & Company are committed to ensuring a seamless experience for existing clients of the SOC practice, who can expect to receive uninterrupted service and a continued focus on delivering industry-leading compliance solutions.
Schellman is a leading provider of attestation and compliance services. We are the only company in the world that is a CPA firm, a globally licensed PCI Qualified Security Assessor, an ISO Certification Body, HITRUST CSF Assessor, a FedRAMP 3PAO, and most recently, an APEC Accountability Agent. Renowned for expertise tempered by practical experience, Schellman's professionals provide superior client service balanced by steadfast independence. Our approach builds successful, long-term relationships and allows our clients to achieve multiple compliance objectives through a single third-party assessor.