Citrin Cooperman Adds Coleman Huntoon & Brown

Top 25 accounting firm Citrin Cooperman has acquired Coleman Huntoon & Brown (CH&B) PLLC, a Chapel Hill, NC-based tax, accounting, and business consulting firm.

Financial terms of the deal weren’t disclosed. CH&B joins Citrin Cooperman with more than 20 employees and more than $7 million in revenue. The New York-based firm also picks up its first office location in the Carolinas as part of the acquisition.

“From our very first meeting, we found the CH&B partners to be perfectly aligned with us. We share the same values and the same dedication to high-quality, timely client service. Combining with CH&B will provide us with the opportunity to work together to grow our firm and our service offerings in North Carolina and beyond,” Citrin Cooperman Executive Chairman Joel Cooperman and CEO Alan Badey said in a joint statement. “We are very excited to welcome the CH&B partners and staff into Citrin Cooperman.”

Founded in 1984, CH&B provides tax planning and tax return preparation for individuals, businesses, estates, and trusts; advisory and audit services for nonprofits; and consulting services for businesses.

“Joining Citrin Cooperman has been a wonderful opportunity for our team,” said CH&B Managing Partner Mark Brown. “With the resources of a national firm, we look forward to being able to expand the solutions we bring to our clients and continuing to grow our talented group of professionals while maintaining the personal relationships so fundamental to our success.”

Allan Koltin, CEO of Koltin Consulting Group, who advised both firms on the transaction, added, “This strategic expansion is an important step for Citrin Cooperman and fortifies their already impressive presence on the Eastern Seaboard, in addition to their many additional offices across the country. Their growth over the past few years has been remarkable, and their focus on adding firms that share their core values is evident in the joining of CH&B.”