WITHUM CELEBRATES 50 YEARS: A Legacy of Excellence in Construction Services

PHOTOS COURTESY OF WITHUM

Since its inception, Withum has achieved remarkable success through its team of expert accountants and advisors. On March 21, 2024, the public accounting firm commemorated 50 years of delivering world-class accounting, tax, and advisory services. This significant milestone is attributed to Withum’s unwavering commitment to building strong relationships with clients, team members, and the communities it serves.

The Withum story traces back to 1974, when Frederick Withum, Leonard Smith, and Ivan Brown launched the firm with just six team members in a small New Jersey office. Today, Withum boasts an impressive workforce of nearly 2,500 team members across 24 offices, spanning both coasts and internationally. Despite this extensive geographic presence and growth, the “Withum Way” culture permeates every office. This unique culture fosters innovation, passion, and a work hard/play hard attitude, all while upholding the highest standards of integrity and quality.

Withum’s Construction practice has deep historical roots within the firm, being one of its first industryfocused practices. Remarkably, some of Withum’s longest-standing clients are companies in the construction sector. The Florida based Construction Services Team (CST) is under the leadership of Ray Bastin, CPA, CGMA.

With an impressive 20-year career, Ray oversees a dedicated team of 10 members who service clients in all aspects of the construction industry in the Florida region. Beyond the CST’s strong presence in Florida, Withum has 14 key leaders who contribute to the practice’s geographic footprint in NJ, NY, PA, MA, RI, DC, MD, and CA. Together, they play a pivotal role in advancing Withum’s commitment to world-class service nationwide.

Withum’s CST is active in many industry organizations as an advocate aiming to improve, protect and educate the construction community. Withum is proud to sponsor trade organization events and conferences to promote industry growth.

Over the past 50 years, Withum has seen tremendous growth and continues to rank among the best accounting firms in the country. During this past year, Withum ranked 16th on Construction Executive’s Top 50 Construction Accounting Firms List™ and was named a Top 25 accounting firm by Inside Public Accounting. These accolades reflect Withum’s intentional effort to bring in and retain the best and brightest to expand its knowledge and service capabilities for construction-based businesses, among other industries.

Withum’s CST has long been an integral part of the construction community, surpassing conventional advisory and accounting roles to serve as a trusted advisor and strategic partner. The key to the firm’s achievements lies in its exceptional team members—individuals selected for their innovative, entrepreneurial mindset, and commitment to client service. Looking ahead, Withum remains dedicated to educating, coaching, and supporting the construction community for many more years. Their mission is to empower and uplift the industry, ensuring sustained growth and excellence. 