In a move that will significantly increase its presence in New Jersey, professional services firm Citrin Cooperman announced Monday that it has acquired Untracht Early, a Florham Park-based financial services firm with more than 150 partners and staff.
The acquisition is effective Monday.
David Untracht and Tracey Early, who founded the firm in 1993, said they feel Citrin will be a perfect fit for their team.
“Joining a firm that has the same goals, the same mindset, the same core values and a similar culture and approach to high-touch client service is an ideal match,” they said in a joint statement.
“Having grown from a firm of four people to a firm of over 150, it is exciting to be taking the next step by joining a firm of 1,600, which expands the breadth of services and resources we can now offer to our clients. Our team is eager to explore all the opportunities Citrin Cooperman brings to the table.”
Untracht and Early feel they have developed a strong team specializing in alternative investments, comprehensive tax and business solutions, primarily in the financial services and alternative investments industries. They also have deep expertise in high net worth individuals and family office catering to C-suite owners throughout the world.
Citrin Cooperman, headquartered in New York City but already with a strong presence in New Jersey, is one of the nation’s largest professional services firms, with more than 275 partners. Its clients are in all business sectors and leverage a complete menu of service offerings.
Citrin officials feel Untracht Early’s strong foundation in hedge fund and alternative investment work dovetails perfectly with Citrin Cooperman’s firmly established financial services practice. Untracht Early also brings a significant individual tax practice focused on serving high and ultra-high net worth clients and their closely held businesses.
Citrin Cooperman Executive Chairman Joel Cooperman said the firm is eager to welcome the Untracht Early team.
“I have watched the impressive growth of Untracht Early for the past two decades,” he said. “Tracey, David and their partners have done a remarkable job building their firm and its reputation. Besides their technical skills, Tracey, David and many of their people will play a significant role in our firm’s leadership.”
Ranked as an INSIDE Public Accounting Top 200 Firm since 2010, Untracht Early is a member of the CEO Action for Diversity & Inclusion, the largest CEO-driven business commitment to advancing diversity and inclusion in the workplace.
Citrin Cooperman CEO Alan Badey said he is eager to get going.
“We are excited to welcome the incredible people and skills of the Untracht Early team,” he said. “Their deep expertise along with their strong relationships expands our capabilities in a truly impactful way.”
The non-attest assets of Untracht Early will be joining Citrin Cooperman Advisors LLC. Concurrent with this transaction, the attest assets of Untracht Early will be joining Citrin Cooperman & Co. LLP.