Top 25 accounting firm Citrin Cooperman has acquired Gettry Marcus, a top 200 CPA firm based in Woodbury, NY. Financial terms of the transaction, which became official on Nov. 1, were not disclosed.
More than 130 professionals and 28 partners from Gettry Marcus joined Citrin Cooperman as part of the deal.
“Gettry Marcus has a long-standing presence in the marketplace, and we’re excited to welcome a great group of people to the firm,” Citrin Cooperman CEO Alan Badey and Executive Chairman Joel Cooperman said in a joint statement on Thursday. “We share a culture of developing great collaborative teams and have a strong and similar focus in the real estate, manufacturing and distribution, health care, and professional services industries. We look forward to combining our expertise to the benefit of our people and our clients.”
With offices in New York City and Long Island (Woodbury), Gettry Marcus provides accounting, tax, and consulting services to commercial businesses, high-net-worth individuals, and various industries, including real estate and health care. The firm is also considered to have one of the most credentialed business valuation and litigation groups in the New York area.
During its most recent fiscal year, Gettry Marcus had revenue of $38.8 million.
“Joining Citrin Cooperman gives us the opportunity to provide more value to our employees, our clients, and our community,” said Gettry Marcus Managing Partner Steven Marcus. “We look forward to offering a greater depth and breadth of services in a new, exciting environment.”
Allan Koltin, CEO of Koltin Consulting Group who advised both firms on the deal, said, “Citrin Cooperman has been laser-focused on sustainable, long-term growth, and the joining of Gettry Marcus is another step in solidifying a strong future for both firms.”
Citrin Cooperman, which is the 23rd largest accounting firm in the nation in terms of revenue, has more than 2,400 professionals and 400 partners in 25 offices across 11 states.
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