Citrin Cooperman buys Signature Analytics

Citrin Cooperman Advisors LLC, a Top 25 Firm based in New York, has signed an agreement to acquire substantially all the assets of Signature Analytics, a San Diego-based outsourced accounting and advisory firm, the latest in a string of deals since Citrin received private equity financing. 

Signature Analytics is joining Citrin Cooperman with two partners and over 65 professionals, expanding Citrin Cooperman's existing presence in Southern California.

Financial terms of the deal, which closed this month, were not disclosed. Citrin Cooperman ranked No. 18 on Accounting Today's 2024 list of the Top 100 Firms, with $700 million in annual revenue, more than 450 partners and over 2,800 employees.  

Analise Olszewski

"Outsourced accounting is one of the fastest growing services Citrin Cooperman offers its clients," said Dan Shaughnessy, president of advisory at Citrin Cooperman Advisors LLC, in a statement Wednesday. "We are lucky to be able to add such a great group of professionals and clients that align so closely to what we are building to help improve the businesses and lives of our collective clients."

Signature Analytics provides scalable outsourced accounting and advisory services for businesses and nonprofits across the U.S. 

"This combination with Citrin Cooperman Advisors LLC is a perfect fit for the next step in the Signature Analytics journey," said Signature Analytics founder and president Jason Kruger and CEO Pete Heald in a joint statement. "The alignment between culture and professional service could not be stronger. We can't wait to get started."

 Citrin Cooperman has been active on the M&A front since it received private equity funding in 2021 from New Mountain Capital. Earlier this year, the firm acquired Teplitzky & Co.,  an accounting, consulting and tax firm that specializes in the health care industry based in Woodbridge, Connecticut; S&G, an assurance, tax and advisory firm based in Worcester, Massachusetts; Maier Markey & Justic, a provider of outsourced accounting, controllership, CFO, human resources and taxation services  in White Plains, New York; Keefe McCullough & Co., a tax, attest and business advisory firm based in Fort Lauderdale, Florida; Mibar, a business software consulting firm in New York; and Coleman Huntoon & Brown, in Chapel Hill, North Carolina. Last year, it added Gettry Marcus, a Regional Leader based in Woodbury, New York; FMT Consultants, a California-based consulting firm; and Berdon, a Top 50 Firm based in New York. In 2022, Citrin acquired Murray Devine Valuation Advisors, an independent advisory firm headquartered in Philadelphia; Untracht Early, in Florham Park, New Jersey; Shepard Schwartz & Harris in Chicago; Kingston Smith Barlevi in Los Angeles; McNulty & Associates in Westford, Massachusetts; Appelrouth, Farah & Co. in Coral Gables, Florida; Bloom, Gettis & Habib in Miami; as well as music industry consultancy Massarsky Consulting in New York. In 2021, it added OLC Management, a California-based business management firm.