Citrin Cooperman Expands with Clearview Group Acquisition
Citrin Cooperman Expands Its Reach
Citrin Cooperman has made significant strides in enhancing its service offerings with the recent announcement of its agreement to acquire the Clearview Group. This acquisition marks a pivotal moment for Citrin Cooperman as it seeks to strengthen its presence in the Mid-Atlantic region. Clearview Group is a well-respected management consulting and CPA firm, well-known for its expertise and client-centric services.
Details of the Acquisition
With this transformative acquisition, Citrin Cooperman significantly expands its capabilities in various domains, including risk advisory services, state and local taxation, and technology solution implementation tailored to meet the diverse needs of its clientele. Clearview Group joins the Citrin Cooperman fold with a robust team of 10 partners and over 150 dedicated professionals.
Statements from Leadership
Alan Badey, the CEO of Citrin Cooperman Advisors LLC, expressed enthusiasm about the merger, stating, “We could not be happier to add a firm like Clearview Group to the Citrin Cooperman family. Their commitment to providing high-quality service aligns perfectly with our mission to help clients Focus on What Counts.” This sentiment reflects the company’s dedication to leveraging Clearview’s strong cultural values in delivering exceptional client service.
Benefits of the Merger
Brian Davis, CEO of Clearview Group, shared his excitement, stating, “We are thrilled to be joining Citrin Cooperman. Their extensive geographical reach and impressive professional services will enable us to offer unparalleled solutions to the complex challenges facing large corporations today.” This merger positions both firms to better serve clients and improve operational efficiencies.
Acquisition Structure
In line with firms operating under alternative practice structures, this acquisition will occur through two transactions. Citrin Cooperman Advisors LLC will acquire the non-attest assets of Clearview Group, Inc., while Citrin Cooperman & Company, LLP will take on the attest assets of BD & Co., Inc., Clearview's licensed CPA firm. This dual acquisition structure ensures a seamless integration of services.
A Bright Future Ahead
The transaction is projected to be finalized soon, with a target closing date set for the upcoming month. As Citrin Cooperman embraces this new chapter, the firm remains committed to delivering high-quality services characterized by integrity, personalized attention, and innovative solutions.
About Clearview Group
Clearview Group is recognized as a dynamic and award-winning management consulting and CPA firm that provides flexible and scalable services tailored to clients across various industries. Their commitment to delivering practical and efficient improvements makes them stand out in the industry. Clearview Group ensures personalized service, drawing on the resources and expertise typically associated with larger firms.
About Citrin Cooperman
Citrin Cooperman, recently hailed as #18 on the Top 100 Firms list by Accounting Today, is one of the largest professional services firms in the nation. Their foundational values of strong relationships, integrity, and an unwavering commitment to client service drive the success of the firm. The collaborative structure allows Citrin Cooperman & Company, LLP, and Citrin Cooperman Advisors LLC to provide clients with comprehensive business solutions under one unified brand. With over 450 partners and 2,800 professionals, they stand ready to meet ever-evolving client needs.
Frequently Asked Questions
What is the significance of Citrin Cooperman's acquisition?
This acquisition enhances Citrin Cooperman's service offerings, particularly in risk advisory and tax services, while expanding its footprint in the Mid-Atlantic region.
Who are the key leaders involved in this acquisition?
Alan Badey, CEO of Citrin Cooperman Advisors LLC, and Brian Davis, CEO of Clearview Group, are instrumental in this acquisition, highlighting their collaborative vision for the combined firm.
How will this merger impact clients?
Clients will benefit from a broader range of services and expertise, enabling them to address complex challenges more effectively.
When is the acquisition expected to close?
The transaction is anticipated to be completed soon, with a target closing date in the upcoming month.
What does Clearview Group offer?
Clearview Group provides management consulting and CPA services that are flexible and scalable, focusing on delivering tailored solutions to clients of all sizes.
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