New York-based IPA 100 firm Citrin Cooperman (FY22 net revenue of $432.4 million) has announced the acquisition of Keefe McCullough & Co. (FY22 net revenue of $13.3 million) of Fort Lauderdale, Fla., a full-service tax, attest and business advisory firm, effective Feb. 1, 2024.
Keefe McCullough & Co. (KMC) will join Citrin Cooperman with 11 partners and more than 75 total employees. KMC’s Fort Lauderdale location will join Citrin Cooperman’s established offices in the Miami metro area. This deal is latest of numerous acquisitions Citrin Cooperman has made since it received private equity funding in 2021 from New Mountain Capital.
“We are thrilled to welcome the KMC partners and staff to Citrin Cooperman. In concert with our Miami office, we look forward to continuing to build our Florida operations where we now have over 150 dedicated professionals serving a wide diversity of corporate and individual clients. What attracted us to KMC was their commitment to their staff, clients and to each other, all qualities that we at Citrin Cooperman hold dear,” shared Citrin Cooperman Executive Chairman Joel Cooperman and CEO Alan Badey in a joint statement.
Similar sentiments were shared by KMC MP Louis Proietto: “We joined Citrin Cooperman exactly 53 years to the day KMC was formed on Feb. 1, 1971. It feels like a momentous step in expanding the resources and solutions we can offer to our clients and an incredibly exciting opportunity for our leadership and employees. The synergies between our industry expertise and our shared client-centered approach make this an exciting next chapter for our team.”
Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the acquisition, said, “Citrin Cooperman continues their rapid expansion throughout South Florida with another best-in-class firm. KMC was sought after by numerous companies and chose Citrin Cooperman primarily for the great growth opportunities the firm will provide for their people and the additional resources and depth of knowledge and experience that they can now offer to their clients. Now that Citrin Cooperman has firmly established itself in South Florida, I wouldn’t be surprised to see them expand into some of the northern Florida markets like Orlando and Tampa next.”