Blackstone Acquires Majority Stake in Citrin Cooperman
January 8, 2025
Blackstone is acquiring a majority stake in US accounting firm Citrin Cooperman in a deal reported to value the firm at roughly $3.2 billion. The private equity firm will keep its economic stake below 50% through smaller investors to address regulatory concerns; Citrin Cooperman partners will roll over most of their ownership while realising some proceeds, and New Mountain Capital — the prior investor — will sell down its stake.
- Buyers
- Blackstone
- Targets
- Citrin Cooperman
- Sellers
- New Mountain Capital
- Industry
- Accounting & Tax
- Location
- New York, United States
- Transaction Type
- Buyout
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Related Acquisitions
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New Mountain Capital Acquires Majority Stake in Citrin Cooperman
April 11, 2022
Accounting & Tax
New Mountain Capital made a majority investment in Citrin Cooperman to support the accounting and advisory firm's organic and acquisition-led growth. The partnership will provide Citrin Cooperman with capital and resources to expand services, pursue technology and advisory acquisitions, and grow its footprint across new markets.
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Citrin Cooperman Acquires S&G LLP
July 9, 2024
Accounting & Tax
Citrin Cooperman Advisors, LLC and Citrin Cooperman & Company LLP have acquired substantially all assets and the attest assets, respectively, of S&G LLP, a Worcester, Massachusetts-based assurance, tax and advisory firm. The deal brings five partners and more than 30 professionals into Citrin Cooperman and expands the firm's presence in New England.
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Citrin Cooperman Acquires HW&Co.
February 18, 2025
Accounting & Tax
Citrin Cooperman has acquired substantially all the assets of HW&Co., an Ohio-based accounting and advisory firm, adding 14 partners and over 140 employees to its platform. The deal expands Citrin Cooperman's Midwest footprint and broadens its audit, tax and advisory capabilities across industries including healthcare, nonprofit, real estate and manufacturing & distribution.
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Citrin Cooperman Acquires Berdon LLP's Nonattest Business
February 1, 2023
Professional Services
Citrin Cooperman Advisors LLC has acquired the nonattest business of New York-based Berdon LLP, adding approximately $110 million in revenue and ~450 partners and associates. The combined firm will have annual revenue exceeding $600 million and a team of over 2,400 professionals, expanding Citrin Cooperman's capabilities across real estate, construction, family office, and manufacturing & distribution clients.
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Citrin Cooperman Acquires Clearview Group
November 14, 2024
Accounting & Tax
Citrin Cooperman has entered into an agreement to acquire substantially all the assets of Baltimore-based Clearview Group, including its affiliated licensed CPA firm. The deal brings Clearview's 10 partners and over 150 professionals into Citrin Cooperman, enhancing the firm's risk advisory, state and local tax, and technology implementation capabilities while strengthening its Mid-Atlantic presence.
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Citrin Cooperman Acquires Maier Markey & Justic LLP
May 2, 2024
Accounting & Tax
Citrin Cooperman has acquired Maier Markey & Justic LLP (MMJ), a White Plains, New York-based CPA firm, adding four partners and a team of professionals to expand its NYC metro footprint. The acquisition strengthens Citrin Cooperman's Business Process Outsourcing (BPO) capabilities and broadens its service offerings in outsourced accounting, controllership, CFO, HR, and tax services.
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