Citrin Cooperman, a Top 25 Firm based in New York, has acquired Maier Markey & Justic LLP, based in White Plains, New York, the latest in a string of acquisitions since the firm received private equity funding.
MMJ will add four partners and over 40 total employees to expand Citrin Cooperman's footprint in the New York City metropolitan region. Financial terms of the deal were not disclosed. MMJ earned over $8.5 million in annual revenue. Citrin Cooperman has over 450 partners and 2,800 U.S. employees and ranked No. 18 on Accounting Today's 2024 list of the Top 100 Firms, with $700 million in annual revenue.
MMJ focuses on providing outsourced accounting, controllership, CFO, human resources and taxation services to clients in the nonprofit, distribution and professional services sectors. The acquisition will bolster Citrin Cooperman's growing business process outsourcing practice, which already offers outsourced services to real estate, professional services, financial services, not-for-profit and health care clients across the country.
"MMJ is fantastically aligned with our firm in both service offerings and industry expertise," commented Citrin Cooperman CEO Alan Badey and Mike Zyborowicz, managing partner of Citrin Cooperman's business process outsourcing practice, in a joint statement Tuesday. "Their team of professionals are incredibly skilled at providing the high quality, strategic guidance our clients have come to expect from Citrin Cooperman, and we look forward to continuing to expand these offerings in the NYC metro area."
MMJ dates back over 30 years and has grown from three to over 50 people. The firm supports payroll, accounts payable and general ledger functions and serves as a company's outsourced controller or CFO, matching skills with needs in areas such as accounting, taxation, financial planning and human resources management.
"As one of MMJ's first official employees, I feel tremendously proud of how our firm and team have grown to become what we are today," said MMJ partner Anthony Justic in a statement. "To be in a position to join Citrin Cooperman not only provides a wealth of opportunities for growth and advancement to our professionals but brings a wide range of new and exciting services to our clients, ensuring a successful future for their personal and professional endeavors."
Citrin Cooperman has been doing a string of acquisitions since it received private equity funding in 2021 from New Mountain Capital. In February it acquired Keefe McCullough & Co. LP, a tax, attest and business advisory firm based in Fort Lauderdale, Florida. In January, it acquired
