At what enterprise value was CITRIN COOPERMAN acquired in 2025?

During the acquisition of CITRIN COOPERMAN by BLACKSTONE in 2025, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 1b - 4b USD. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Business Services industry currently tracks an average EBITDA multiple of 11.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of CITRIN COOPERMAN when it was acquired by BLACKSTONE?

The estimated EV/EBITDA multiple for CITRIN COOPERMAN is in the range of 15x - 25x. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.3x. Join our community for free to access full valuation data and industry trends.

When was CITRIN COOPERMAN acquired by BLACKSTONE?

CITRIN COOPERMAN was acquired by BLACKSTONE in 2025.

What was the revenue of CITRIN COOPERMAN at the time of the deal?

The revenue of CITRIN COOPERMAN at the time of the deal is estimated to be in the range of 450M - 900M USD. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of CITRIN COOPERMAN during the acquisition?

CITRIN COOPERMAN's EBITDA is estimated to be in the range of 100M - 200M USD. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the CITRIN COOPERMAN acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the CITRIN COOPERMAN deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.privateequitywire.co.uk/blackstone-leads-2bn-deal-for-majority-stake-in-accountancy-firm-citrin-cooperman/

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Home Database Business ServicesCITRIN COOPERMAN

01/2025

CITRIN COOPERMAN acquired by BLACKSTONE

UNITED STATES Professional Services / Consulting & Audit / Accounting & Audit EV 1b - 4b USD

Context

Blackstone acquired a majority stake in Citrin Cooperman from New Mountain Capital in a landmark deal valuing the firm at an enterprise value of over $2 billion. The strategic rationale focuses on continuing the firm's rapid consolidation of the fragmented regional accounting market and accelerating investments in AI and offshore delivery centers to improve margins. Partners of the firm reinvested a substantial portion of their equity, while the deal structure ensures the audit side remains independently owned to satisfy SEC and PCAOB independence standards.

It is worth noting that the fund New Mountain Capital took control of Citrin Cooperman through an LBO in 2022.

CITRIN COOPERMAN, which reported an EBITDA margin of in 2024, is valued in this transaction at an EV/EBITDA multiple of , representing a to the average currently observed in the Business Services sector (11.3x).

-> Deep-dive in Business Services market trends

Target

Citrin Cooperman is one of the top 20 largest accounting and professional services firms in the US. It provides a comprehensive range of tax, accounting, and advisory services to middle-market businesses and high-net-worth individuals. The firm operates under an "alternative practice structure" to separate its non-attest services (advisory/tax) from its audit business to comply with regulatory independence requirements. With over 2,800 employees and 250+ partners, the firm has seen massive growth via an aggressive "buy-and-build" strategy, completing over 15 acquisitions between 2021 and 2024.

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Other operations with CITRIN COOPERMAN

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
04/2022	NEW MOUNTAIN CAPITAL	CITRIN COOPERMAN	UNITED STATES	Accounting & Audit

REFERENCES

Valuation range: EV 1b - 4b USD

Revenue range: 450M - 900M USD

EBITDA range: 100M - 200M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CITRIN COOPERMAN by BLACKSTONE are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Target: citrin cooperman

Acquirer: blackstone