Firm Management
Accounting Firm Leventhal/OLC Merges into Citrin Cooperman
OLC provides business management and tax services to the who’s who of young Hollywood entertainers. Initially, they will retain their Beverly Hills location, marking the fifth Southern California outpost for Citrin Cooperman.
Nov. 03, 2021
Citrin Cooperman has acquired OLC Management, Inc. (OLC), one of the premier business management firms in the entertainment industry. OLC’s founding member David Leventhal and Marc Rottenberg will join Citrin Cooperman as partners, along with 12 OLC staff members. OLC provides business management and tax services to the who’s who of young Hollywood entertainers. Initially, they will retain their Beverly Hills location, marking the fifth Southern California outpost for Citrin Cooperman. The firm expects to begin consolidating Beverly Hills offices in 2022.
“David, Marc, and their staff are great additions to our firm and I am thrilled they agreed to join us,” said Citrin Cooperman Executive Chairman Joel Cooperman. “We are continuing to build our entertainment business on both coasts and we expect our total 2022 entertainment revenues to exceed $35m.”
“We’re excited to be joining Citrin Cooperman,” said OLC Founding Partner David Leventhal. “The decision to join a larger firm was made only after significant due diligence and consideration. Citrin Cooperman provides the best resources and talent in the market, which is why we selected it as the best possible home for our clients and team.”
“We immediately knew Citrin Cooperman was the right fit for our clients and our team. The combination of Citrin Cooperman’s culture, talent, and resources is truly unmatched in the industry, said OLC Partner Marc Rottenberg. “I’m looking forward to being able to take advantage of the cutting-edge technology and resources and offer our clients the extensive list of specialty offerings Citrin Cooperman has developed.”
OLC’s clients include celebrated artists in the entertainment industry. The group provides concierge-style, full-service business and personal financial management services, including complex tax planning and preparation. Their advisors work with clients on complex international and multi-state tax issues as well as strategies for long-term wealth preservation.
“After spending time with David, Marc, and the entire OLC team, it was clear that their culture, experience, and enthusiasm for client service is a perfect match for us. Their passion for what they do makes this such a great opportunity for both of our firms and our clients,” shared Citrin Cooperman CEO Alan Badey.
“It’s a big win to have OLC join our entertainment group and continue to build our presence on the West Coast,” said Citrin Cooperman Regional Managing Partner Mike DeVito. “Our team has accomplished a great deal in a short amount of time, seamlessly bringing together some of the top West Coast firms, including OLC.”
“It’s my great pleasure to welcome David, Marc, and their team into our practice,” said Citrin Cooperman’s Entertainment, Music, and Sports Practice Leader Matt Segreto. “Citrin Cooperman has always had one of the most prominent entertainment groups in the world, and with the strategic addition of OLC, I’m proud to say we’re continuing the tradition.”
The deal was brought to the table by industry consultant Allan Koltin, who shared, “OLC’s entertainment focus made them the perfect match for Citrin Cooperman, a firm that has dominated in the entertainment industry for decades. This strategic deal is another feather in the cap for Citrin Cooperman as they continue to build their presence in Southern California.”