New York-based Citrin Cooperman (FY14 net revenue of $173 million) announced that the partners and staff of Bethesda, Md.-based Regardie Brooks & Lewis will join the firm effective Sept. 1. The addition will bring approximately 25 new professionals to Citrin Cooperman, while expanding its reach to the D.C. metro market. This will mark the seventh office for Citrin Cooperman, headquartered in New York with offices in Philadelphia; Norwalk, Conn.; Livingston, N.J.; Plainview, N.Y., and White Plains, N.Y.
Regardie Brooks & Lewis has been offering audit, tax, consulting and comprehensive business management services for over 80 years. The firm serves a wide range of clients including entrepreneurial businesses, professional service firms, not-for-profit organizations, real estate and construction firms, health care facilities, schools, employee benefit plans, retailers and wholesalers, and individuals.
“We are excited about the strong synergies between Citrin Cooperman and Regardie Brooks & Lewis, which share an entrepreneurial spirit and a culture of excellence by focusing on what counts with superior client service,” says Joel Cooperman, Citrin Cooperman’s CEO. “We have long wanted to be in the Washington D.C. marketplace and we finally found a firm with similar values and dedication to client service. The partners and staff of Regardie Brooks & Lewis will add tremendous talent and expertise to our firm, while extending our capabilities from the New York metropolitan area to the Middle Atlantic region. We are very proud to have them join us.”
The addition of Regardie, Brooks & Lewis to Citrin Cooperman will also bring six new partners to the firm.
Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the merger commented: “Entering Washington DC represents a very bold step for Citrin Cooperman. I believe it is the first of many mergers we will see from them over the next couple of years that will extend their firm from a regional to a mega regional and potentially a national firm.
They have unlocked the code as well as anyone in the country on how to select the right merger candidates and successfully integrate them into the firm. They are one of the country’s fastest growing first generation firms and have already put in place many “next generation” leaders to ultimately take over.”
With the addition of Regardie Brooks & Lewis, Citrin Cooperman expects annual revenues to exceed $185 million.