Establishing its first office in the Midwest, New York-based IPA 100 firm Citrin Cooperman & Company is merging in Shepard Schwartz & Harris (SSH) of Chicago.
“Expanding our services in the Midwest, and especially in Chicago, is an incredible opportunity,” says Citrin Cooperman CEO Alan Badey. “And to be able to do so with the top-notch professionals at Shephard Schwartz & Harris, a team that is so deeply entrenched in the market, it’s amazing.”
Founded in 1935, SSH provides tax, accounting and business advisory services to privately held companies, primarily in the real estate, construction and manufacturing/distribution industries. As part of the deal, 10 SSH partners and over 50 staff members will join the newly established Citrin Cooperman Chicago office, with SSH MPs Mary Fuller and Stan Lazar serving as co-OMPs of the new office.
“Citrin Cooperman is entering the market with all the support and resources of a national firm combined with the personal and local knowledge of a Chicago-based enterprise,” adds Allan Koltin, CEO of Koltin Consulting Group, who advised both firms on the deal. “[SS&H] fits the description of ‘Chicago’s Best’ in terms of talent, entrepreneurism and leadership, and is blessed to have a roster of some of Chicago’s most successful businesses and high-net-worth individuals.”
The non-attest assets of SSH will be joining Citrin Cooperman Advisors LLC, while the attest assets will join Citrin Cooperman & Company LLP. This is the firm’s third acquisition since it entered a private equity partnership earlier this year designed, in part, to help fuel M&A activity.