New York-based IPA 100 firm Citrin Cooperman (FY24 net revenue of $871 million) announced its acquisition of Woburn, Mass.-based IPA 200 firm LGA (FY24 net revenue of $30.5 million), adding approximately 150 professionals and expanding its presence in New England.
Under the leadership of MP John Geraci, LGA has built a strong reputation for its advisory-led approach, long-standing client relationships and service to lower middle-market and SMB clients.
“LGA has built an outstanding firm, and from our first conversations, it was clear that John and his team share our belief that great firms succeed by investing in their people, embracing innovation and earning clients’ trust every day,” said Alan Badey, CEO of Citrin Cooperman. “That shared mindset, combined with LGA’s exceptional reputation, makes this a natural fit. We’re excited to welcome the LGA team as we continue growing our presence across New England.”
“This combination represents an important step forward for our firm, our clients and our professionals,” said John Geraci, MP of LGA. “We’ve always believed in building a firm grounded in trust, shared values and balance, and Citrin Cooperman shares that belief. Our longstanding relationships with Citrin Cooperman partners in the Boston market reinforced for us that this was the right cultural and strategic fit. By joining Citrin Cooperman, we can preserve what makes LGA special while giving our team broader opportunities, additional support and access to continued investments in innovation and AI-enabled capabilities.”
As is typical for firms that operate in alternative practice structures, the transaction will consist of Citrin Cooperman Advisors acquiring certain non-attest assets and Citrin Cooperman & Company acquiring certain attest assets of LGA.
