Citrin Cooperman adds Coleman Huntoon & Brown to its ranks.

TLDR:

• New York-based accounting firm Citrin Cooperman has acquired Chapel Hill, North Carolina-based firm Coleman Huntoon & Brown (CH&B).
• CH&B will join Citrin Cooperman with five partners, 20 employees, and over $7m in revenue. The acquisition marks Citrin Cooperman’s expansion into the Carolinas.

New York-based accounting firm Citrin Cooperman has acquired Coleman Huntoon & Brown PLLC (CH&B), a firm based in Chapel Hill, North Carolina. CH&B is joining Citrin Cooperman with five partners, 20 employees, and over $7 million in revenue, and its Chapel Hill office will be Citrin’s first location in the Carolinas. Financial terms of the deal were not disclosed. Citrin Cooperman ranked No. 21 on Accounting Today’s 2023 list of the Top 100 Firms. The firm earns about $700 million in annual revenue and has over 450 partners and 2,800 total employees.

“From our very first meeting, we found the CH&B partners to be perfectly aligned with us,” said Citrin Cooperman executive chairman Joel Cooperman and CEO Alan Badey in a joint statement Tuesday. “We share the same values, and the same dedication to high quality, timely client service. Combining with CH&B will provide us with the opportunity to work together to grow our firm and our service offerings in North Carolina and beyond. We are very excited to welcome the CH&B partners and staff into Citrin Cooperman.”

This is the latest in a string of M&A deals since Citrin received private equity funding in 2021 from New Mountain Capital. “Joining Citrin Cooperman has been a wonderful opportunity for our team,” said CH&B managing partner Mark Brown. “With the resources of a national firm, we look forward to being able to expand the solutions we bring to our clients and continuing to grow our talented group of professionals while maintaining the personal relationships so fundamental to our success.”

Michael Cohn Editor-in-chief, AccountingToday.com twitter mailto linkedin For reprint and licensing requests for this article, click here. Practice management M&A Integrations