At what enterprise value was CITRIN COOPERMAN acquired in 2022?

During the acquisition of CITRIN COOPERMAN by NEW MOUNTAIN CAPITAL in 2022, the transaction's Enterprise Value is estimated to be in the range of 500M - 1.5b USD.

What was the EV/EBITDA of CITRIN COOPERMAN when it was acquired by NEW MOUNTAIN CAPITAL?

The estimated EV/EBITDA multiple for CITRIN COOPERMAN is in the range of 10x - 18x.

When was CITRIN COOPERMAN acquired by NEW MOUNTAIN CAPITAL?

CITRIN COOPERMAN was acquired by NEW MOUNTAIN CAPITAL in 2022.

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 250M - 500M USD.

What was the EBITDA of CITRIN COOPERMAN during the acquisition?

CITRIN COOPERMAN's EBITDA is estimated to be in the range of 25M - 50M USD.

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.newmountaincapital.com/new-mountain-capital-citrin-cooperman-announce-strategic-partnership/

← DATABASE

Home Database Business ServicesCITRIN COOPERMAN

04/2022

CITRIN COOPERMAN acquired by NEW MOUNTAIN CAPITAL

UNITED STATES Professional Services / Consulting & Audit / Accounting & Audit EV 500M - 1.5b USD

Context

New Mountain Capital acquired a majority stake in Citrin Cooperman, marking a historic shift for the firm from a traditional partnership to a PE-backed growth model. The strategic partnership was designed to provide the financial and technological resources needed to accelerate both organic growth and a massive consolidation program. In the first six months following the investment, the firm successfully closed five strategic acquisitions, expanding its geographic footprint and diversifying into specialized technology and advisory services. The deal served as a catalyst for Citrin Cooperman to evolve into a fully developed financial services platform.

CITRIN COOPERMAN, which reported an EBITDA margin of in 2021, is valued in this transaction at an EV/EBITDA multiple of , representing a level the average currently observed in the Business Services sector (11.4x).

-> 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.

Ent. Value

Equity Value

Multiples

EV / Revenue

EV / EBITDA

EV / EBIT

Historical Financials (USD)

Year

Rev

EBITDA

EBIT

2021

2020

Other operations with CITRIN COOPERMAN

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
01/2025	BLACKSTONE	CITRIN COOPERMAN	UNITED STATES	Accounting & Audit

REFERENCES

Valuation range: EV 500M - 1.5b USD

Revenue range: 250M - 500M USD

EBITDA range: 25M - 50M 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 NEW MOUNTAIN CAPITAL 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.

Press release: view release

Target: citrin cooperman

Acquirer: new mountain capital