Philadelphia-based IPA 200 firm Centri Business Consulting (FY24 net revenue of 51.6 million) has secured a $20 million credit facility from Citizens Financial Group Inc. to support the firm’s continued growth strategy.
According to the firm, the financing will support acquisitions, talent investments and the expansion of service offerings and geographic reach across Centri’s markets.
“Partnering with Citizens on this facility is a reflection of where Centri stands today and the direction in which we’re headed,” said Michael Aiello, CEO and MP of Centri. “It gives us the financial resources to keep building the way we always have, with intention and an unrelenting focus on quality. With this capital in place, we are better positioned than ever to bring the right people into the firm, pursue acquisitions that deepen our capabilities, and continue delivering at the highest level for our clients across the country and around the world.”
Stephan Parico, CFO and partner at Centri, added, “Working with the Citizens team to get this deal across the finish line was collaborative and seamless through every stage of the process. They came in with a clear understanding of our vision and growth trajectory, and we couldn’t have asked for a better partner on a transaction of this significance.”
“Centri has built something genuinely unique in the advisory space, and the firm’s track record across capital markets and high-growth sectors speaks for itself,” said Daniel Fitzpatrick, president of the Mid-Atlantic & Midwest regions at Citizens. “Citizens looks forward to a strong relationship as Centri’s strategic and financial banking advisor.”
