CTM CPAs & Business Advisors Partners with Withum to Enhance Service Offerings and Client Experience

CTM CPAs & Business Advisors Joins Forces with Withum

On May 1, 2025, CTM CPAs & Business Advisors, a public accounting and consulting firm based in Lincolnshire, Illinois, officially merged its operations with WithumSmith+Brown, PC (known simply as Withum), a leading CPA and advisory firm. With this strategic union, CTM will integrate its staff and expertise into Withum's extensive network, which comprises 26 offices and boasts an impressive annual revenue of $578 million.

This merger brings together CTM's team of four partners and approximately 50 professionals, who will continue to operate from their existing location at 1 Overlook Point, Suite 190, ensuring a smooth transition for their clients. The collaboration aims not only to enhance the service offerings provided to their clients but also to create a stronger presence for Withum in the Midwest market.

Steven Edelheit, the Managing Partner at CTM, expressed enthusiasm about the merger, stating, "We are very eager to become part of the Withum team. Our client promise has always been to build lasting relationships through exceptional client service to help them reach their goals. Joining forces with Withum will offer our valued clients and dedicated staff more opportunities to thrive and achieve success under the Withum brand."

Indeed, with this strategic merger, Withum is poised to expand its franchise practice significantly. The incorporation of CTM's expertise and resources will bring additional depth of service, particularly in franchise solutions, restaurants, professional services, real estate, construction, manufacturing, and non-profit sectors. This expanded knowledge will enhance the overall service delivery and client satisfaction, a key focus of both firms.

Pat Walsh, Withum’s Managing Partner and CEO, also highlighted the benefits of this union, stating, "Uniting our firms grows our portfolio of franchise clients as CTM's team brings additional depth of service and expertise in this area. Their approach to client service, proven by a similar tenure in the profession, blends seamlessly with ours. Together, we share a people-first mentality with a vision of providing best-in-class solutions through a dynamic approach to problem-solving for our clients' growth and success."

As the combined entity, both CTM and Withum will continue to deliver a full suite of accounting, tax, and business advisory services, which have been tailor-made to cater to a diverse range of client needs. This includes financial statement preparation, tax planning and preparation, business valuations, succession planning, as well as a myriad of advisory services that align with the evolving landscape of modern business. The expertise gained from CTM's legacy of over 50 years in the industry will serve as a valuable addition to Withum's established reputation in the accountancy domain.

Ultimately, this merger symbolizes a commitment to better serve clients by enhancing operational efficiency, broadening service perspectives, and nurturing lasting relationships. As both firms move forward, their collective goal is to ensure that every client benefits from a rich combination of experience, resources, and personalized service tailored to meet their unique financial objectives effectively.

Withum, originally founded in 1974 and headquartered in Princeton, NJ, operates under the philosophy of providing high-quality advisory, tax, and audit services on a national scale. As an independent member of HLB International, Withum continues to expand its influence and service offerings across major financial hubs in the United States. Likewise, CTM CPAs & Business Advisors remains committed to using innovative strategies to pave the way for their clients’ financial success, ensuring that they stay competitive in an ever-changing economic environment.