Citrin Cooperman is expanding its presence in Connecticut by combining with the firm of Schwartz & Hofflich.
The partners and staff of Schwartz & Hofflich have joined Citrin Cooperman, effective Nov. 1. Citrin plans to close its Southport, Conn., and move the staff there to Schwartzs office in Norwalk. The Connecticut office now includes seven partners and 20 staff. Joining Citrin Cooperman from Schwartz & Hofflich are partners Neil Bayer, Lawrence Feldman, Barry Newman, Eric Prescott, Pasqualino Spagnoli and Gilbert Watkins, in addition to 14 staff.
The addition of the former partners and staff of Schwartz & Hofflich expands Citrin Cooperman to more than 375 people, including 91 partners, and more than $100 million in estimated annual revenue after the combination. Schwartz & Hoffman is expected to add $4 million in revenue to Citrin.
Citrin Cooperman also has offices in New York City, White Plains, N.Y, Springfield, N.J., and Philadelphia. The firm ranked 32nd on Accounting Todays 2010 list of the Top 100 Firms.
The addition of the Schwartz & Hofflich partners, and its talented set of professionals, allows Citrin Cooperman to offer a greater range of services to businesses and individuals in the Connecticut, Westchester and New York marketplace, said managing partner Joel Cooperman in a statement. Schwartz & Hofflich is well known for the expertise in the architectural and engineering industries as well its overall accounting, tax and consulting expertise. We believe it will be a good complement to the specialties and services we already offer in Connecticut and throughout our other offices.
In addition to architectural and engineering firms, the Schwartz & Hofflich partners have experience in a wide range of industries, including construction, financial services, real estate and distribution and manufacturing, wealth management and valuation and forensic services.
Connecticut is a very important market to our overall growth strategy and we will continue to expand the resources we offer to companies in the region, said Alan Badey, the Citrin partner, who together with Mark Fagan, will oversee operations in the Connecticut office.
We were attracted to Citrin Coopermans client-service approach, said Schwartz & Hofflich managing partner Gil Watkins. Citrin Cooperman has been able to combine the resources of a large, regional firm with the hands-on approach that has distinguished both firms. We look forward to providing our clients the resources available at Citrin Cooperman.
