Citrin Cooperman & Co., a Top 100 Firm, has merged in Kera & Company, an eight-employee firm that specializes in servicing automobile dealerships.
The deal, which takes effect Oct. 1, 2017, will bring namesake Ellen Kera and her seven staff members to Citrin. Kera will be admitted as a partner and co-leader of Citrin’s Automotive Dealerships Practice.
“I’m very pleased that Ellen and her staff have joined our team,” said Wilfredo Fernandez, partner and co-leader of Citrin Cooperman’s Automotive Dealerships Practice, in a statement. “The firm’s auto dealership practice has grown significantly over the years, and Ellen and her team will be a tremendous asset to existing clients and to our efforts to continue to grow as an industry leader.”
She and the rest of her staff will work out of New York City-based Citrin’s Westchester, N.Y.-based office. She has over 20 years of experience in public accounting and specializes in identifying under-performing areas within an auto dealership, helping dealers introduce new processes to increase profits while making sure they comply with state and federal tax rules.
"I’m thrilled to be a part of the Citrin Cooperman family,” Kera said in a statement. “Over the years, we have built long-term, trusted relationships with our clients. Joining a firm that shares our culture and values, allows us to continue to provide the hands-on client service they have come to expect, with a broader suite of offerings and a deeper pool of resources.”
Financial terms of the deal were not disclosed. Citrin ranked 21st on Accounting Today’s 2017 list of the Top 100 Firms, with $230 million in annual revenue. This is Citrin’s first M&A this year, but last year, Citrin merged in Kirkland Albrecht & Fredrickson in the Boston area and LGC+D LLP in Providence, R.I.
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