Citrin Cooperman Welcomes Blackstone's Strategic Investment
Strategic Investment Announcement
Citrin Cooperman Advisors LLC, a prominent tax, advisory, and accounting firm, has recently entered into a definitive agreement to receive a significant investment from Blackstone. This transaction involves Blackstone acquiring stakes in Citrin Cooperman from New Mountain Capital. This partnership is set to catalyze the firm's growth and enhance its service offerings.
About Citrin Cooperman
Founded in 1979, Citrin Cooperman has been on a mission to enrich the lives of professionals and clients alike. The firm specializes in providing tax, advisory, and accounting services, and has successfully established trust with over 15,000 clients globally. Their focus on building strong relationships has earned them a reputable standing in the professional services industry.
Leadership Insights
Alan Badey, the CEO of Citrin Cooperman, expressed enthusiasm about the strategic investment, emphasizing its potential to drive further improvements in service offerings and technology. He acknowledged the vital role that Blackstone will play in advancing Citrin Cooperman’s commitment to excellence and exceptional client experiences.
Commenting on the partnership, Eli Nagler and Kelly Wannop from Blackstone noted the impressive commitment to excellence demonstrated by Citrin Cooperman’s team. They are excited about the opportunity to support the firm’s ongoing mission to deliver top-tier services.
Future Growth Prospects
Citrin Cooperman's partnership with Blackstone is expected to significantly enhance its capabilities, allowing for investments in state-of-the-art technologies and a broader range of services. This collaboration aims to bolster Citrin Cooperman’s position as a leader in professional services.
Community and Client Engagement
Throughout its history, Citrin Cooperman has placed a strong emphasis on client engagement and community building. The firm takes pride in its ability to adapt to the evolving needs of its clients, ensuring that they receive the highest quality of service. This strategic partnership with Blackstone is another step in this commitment to innovation and client-centric solutions.
About Blackstone and New Mountain Capital
Blackstone, recognized as the world's leading alternative asset manager, encompasses a diverse portfolio that drives substantial returns across multiple industries. Their investment philosophy aligns with empowering businesses and supporting growth trajectories that yield positive outcomes.
On the other hand, New Mountain Capital, based in New York, emphasizes a growth-oriented approach towards investments. They are committed to partnering with high-quality growth leaders, nurturing them to maximize their potential. Their shared vision with Citrin Cooperman over the past three years has laid a strong foundation for future success.
Conclusion
The investment by Blackstone marks an exciting chapter for Citrin Cooperman. This collaboration promises not only to enhance the firm's operational capabilities but also to fortify its commitment to providing excellent service. With a robust leadership team and the backing of a global investment powerhouse, Citrin Cooperman is poised for remarkable growth ahead.
Frequently Asked Questions
What is the significance of Blackstone's investment in Citrin Cooperman?
The investment will enhance Citrin Cooperman’s growth, allowing for improved service offerings and technological advancements.
When was Citrin Cooperman founded?
Citrin Cooperman was established in 1979 and has since grown significantly, serving over 15,000 clients worldwide.
Who is leading the partnership from Blackstone?
Eli Nagler and Kelly Wannop are prominent leaders from Blackstone involved in this investment.
What are the main areas of service offered by Citrin Cooperman?
The firm specializes in a range of services including tax, advisory, and accounting for private middle market businesses and high-net-worth individuals.
How does New Mountain Capital fit into this investment?
New Mountain Capital, having previously partnered with Citrin Cooperman, facilitated this acquisition as they transition their stake to Blackstone.
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