At what enterprise value was CITRIN COOPERMAN acquired in 2022?

During the acquisition of CITRIN COOPERMAN by NEW MOUNTAIN CAPITAL in 2022, 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 500M - 1.5b 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 11.0x, providing a valuable benchmark for this transaction.

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. For comparison, the Business Services sector currently shows an average EBITDA multiple of 11.0x. Join our community for free to access full valuation data and industry trends.

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. 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 25M - 50M 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.newmountaincapital.com/new-mountain-capital-citrin-cooperman-announce-strategic-partnership/

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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 LOGIN in 2021, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a level LOGIN the average currently observed in the Business Services sector (11.0x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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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, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
01/2025	BLACKSTONE	CITRIN COOPERMAN	UNITED STATES	Professional Services	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.

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: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: citrin cooperman

Acquirer: new mountain capital