Citrin Cooperman, a Top-25 U.S. accounting, tax, and business consulting firm, The addition will bring approximately 25 new professionals, Regardie’s staff and partners, to Citrin Cooperman, while expanding its reahas acquired Regardie, Brooks & Lewis, a regional accounting firm based in Bethesda, Maryland, effective September 1, 2015. ch to the D.C. metro market. This will mark the seventh office for Citrin Cooperman, headquartered in New York City with offices in Philadelphia, PA; Norwalk, CT; Livingston, NJ; Plainview, NY and White Plains, NY.
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.
“Entering Washington D.C. represents a very bold step for Citrin Cooperman,” said Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the merger commented. “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.”
“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,” said Joel Cooperman, Citrin Cooperman’s Chief Executive Officer. “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.
“We are thrilled to be a part of Citrin Cooperman, both for its reputation in the industry and its wide reach within the Northeast,” said Paul Gnatt, co-managing partner at Regardie, Brooks & Lewis. “Our addition and combining of forces will serve to further enhance our abilities and strong level of service for our clients.”
With the addition of Regardie, Brooks & Lewis, Citrin Cooperman expects annual revenues to exceed $185 million.
Regardie Brooks & Lewis (RB&L) was a firm courted by over a half dozen other national firms but in the end they chose Citrin Cooperman based on similar client service philosophies, cultures, and a common commitment to developing staff. Over an 80 year period RB&L has been recognized in the greater Washington DC market as the “go to” firm for closely held businesses, not-for-profits, and high net worth individuals.”
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