Citrin Cooperman merges in D&H Global

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Citrin Cooperman, a Top 100 Firm based in New York, added D&H Global Tax LLC, a Philadelphia-based tax and accounting firm that specializes in U.S. expatriates, on Thursday.

As part of the deal, D&H managing partner Leon Dutkiewicz, CPA, will lead Citrin Cooperman’s International Taxation Practice. Three other directors and 15 staff members from D&H will join Citrin’s Philadelphia office, and Citrin plans to keep another of D&H’s offices in Pitman, New Jersey.

Financial terms of the deal were not disclosed. Citrin Cooperman ranked No. 23 on Accounting Today’s 2018 list of the Top 100 Firms, with $242 million in annual revenue.

“I am very pleased to have Leon Dutkiewicz and the staff of D&H Global Tax join our firm,” said Citrin Cooperman CEO Joel Cooperman in a statement. “We’ve built a strong bench of international tax and consulting specialists to advise our clients in an increasingly global marketplace. Leon is the perfect person to lead this practice and help our clients remain competitive and successful.”

D&H focuses on international tax planning and preparation for clients who are U.S. expatriates and others who live outside the U.S., but still have tax-filing obligations in the U.S. The firm handles tax planning and compliance, financial services advisory, insurance and risk management, tax controversy, and audit representation, along with family office and back office services. D&H also has business clients in various industries, including oil and gas, professional services, alternative investments, manufacturing, real estate, sports and entertainment, technology, and transportation and logistics.

D&H saw advantages in combining with a bigger firm like Citrin. “When exploring options to join a larger firm with value-added resources to help serve our clients, Citrin Cooperman was by far the top of the list,” Dutkiewicz said in a statement. “Big firm resources combined with personal, tailored client service is exactly what our high-net-worth international clientele expect, and Citrin Cooperman delivers. We’re thrilled to be joining the firm.”

Allan Koltin, CEO of Koltin Consulting Group, advised both firms on the deal. “D&H Global Tax is recognized by its peers as one of the top international tax boutiques both in the U.S. and internationally,” he stated. “Leon Dutkiewicz is as exceptional a leader as you will find in the accounting profession. His passion for client service and growing talent made his firm one of the most sought-after transaction candidates I have ever seen. Cooperman continues on their amazing journey of growth as one of the country’s fastest growing accounting and consulting firms (maybe even the fastest growing first-generation firm in the country). They have one of the best playbooks in the country for bringing in entrepreneurial talent and helping to advance it to another level.”

Mark Carrow, regional managing partner of Citrin Cooperman’s South-Atlantic Region, sees D&H Global Tax as a natural fit for Citrin. “With a global, big-picture outlook, technical proficiency on complex matters, and a culture and standards that closely align with our own, I expect Leon and his staff to transition seamlessly into the firm and look forward to working with them,” he stated.

Citrin did another M&A deal in June when it merged in Sharkansky LLP, a firm based in Brockton, Massachusetts. In January, Citrin merged in Schneider & Associates, a firm based in Bethesda, Maryland.

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