Springfield-based Forvis announces global deal with Mazars

KSMU | By Gregory Holman

Published November 16, 2023 at 6:00 AM CST

The Springfield headquarters of Forvis are shown on Nov. 15, 2023.

The giant accounting and advisory firm announced Wednesday that it’s joining with the U.S. division of France-based Mazars to create a global network with roughly $5 billion in annual sales.

According to a news release, the network will operate under a single brand, Forvis Mazars, beginning in June of next year.

Globally, it’s expected to rank in the top 10 for companies of its kind. Forvis will gain more international reach, while Mazars, based in Paris, is expected to get a stronger position in the U.S.

The CEO of Mazars told French media Wednesday that a move toward consolidation is going on in the accounting and advisory industry right now.