New York (Nov. 7, 2003) -- Top-ranked accounting firm Citrin Cooperman & Co. has bolstered its real estate niche with the addition of New York-based Margold, Ersken & Wang to its fold.

Margold, a specialist in real estate management and real estate-related family offices, brings more than $3.5 million in revenue to the deal, along with two partners, two principals and nine support staff. All Margold employees will be moving to Citrin Cooperman's Manhattan office.

"This has given us a tremendous inroad into real estate management," said Citrin Cooperman managing partner Joel Cooperman. "Our real estate niche is rapidly expanding, and Margold's expertise in this area positions us for even greater expansion in the future."

Citrin Cooperman said it is in negotiations with other accounting firms and hopes to announce more deals in the near future. The firm ranked No. 52 on Accounting Today's 2003 Top 100 Firms List with $26.6 million in revenue.

-- WebCPA staff

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