4Jan 2011

Cronus Partners LLC (“Cronus”) announced today that effective immediately, it has aligned itself with Marcum LLP (“Marcum”) and become the affiliated investment banking firm of the Marcum Group. Marcum is one of the largest independent public accounting and advisory services firms in the United States. As part of the transaction, Cronus has changed its name to “Marcum Cronus Partners LLC.”

Marcum Cronus Partners LLC is an independent SEC registered broker-dealer and a fully licensed member of FINRA and SIPC, providing middle market companies with investment banking and financial advisory services. Investment banking clients will now also benefit from the additional national resources and accounting, audit and related services offered by the Marcum Group.

“We are proud to be joining the Marcum Group and to offer Marcum’s clients our highly differentiated investment banking services with the independent perspective so critical for today’s professional advisors,” said Alan J. Canzano, Managing Director of Cronus. “We look forward to working with Marcum to grow our firm by aligning our industry expertise with Marcum’s national presence and helping our clients achieve their financial objectives.” Canzano leads Cronus’ technology group, and Jeffrey S. Rubin, Managing Director, leads the firm’s industrial group.

The new alliance complements Marcum’s full spectrum of accounting and auditing support, especially related to M&A activity, divestitures, capital raising efforts and financial advisory services. Cronus also brings deep sector expertise in technology enabled services, application software, manufacturing, aerospace and defense, and environmental services and technology.

Ranked 15th among the “Top 100 Firms” by Inside Public Accounting, Marcum offers the resources of more than 1100 professionals, including 150 partners, in 21 offices throughout New York, New Jersey, Connecticut, Pennsylvania, Florida, Massachusetts, California, Hong Kong and Grand Cayman. Marcum is a member of the Marcum Group, the gateway to a group of organizations that provide a variety of professional services including accounting and advisory, technology solutions, recruiting, and wealth management. For more about Marcum LLP, visit www.marcumllp.com.

About Marcum Cronus Partners

Advising on mergers, acquisitions, divestitures, sales, and private placement financings, Marcum Cronus Partners is an independent investment banking firm that provides financial and strategic advisory services. The clients of the firm are publicly traded or privately owned companies that engage in middle-market transactions domestically or internationally. The firm’s advisory services are distinguished by a disciplined evaluation of client objectives and competencies and a commitment to the successful execution of strategic corporate transactions

For further information please contact:

Marcum Cronus Partners LLC
Director of Marketing and Business Development