Accounting and advisory firm Citrin Cooperman on Thursday said it entered into an agreement to acquire Teplitzky & Company P.C. of Connecticut, expanding the firm’s growing presence in Connecticut and New England.
Teplitzky, which specializes in the health care industry, will join the Citrin Cooperman alternative practice structure with five partners and over 20 professionals.
“We are thrilled to add the preeminent Healthcare accounting firm in the state of Connecticut to the Citrin Cooperman family,” Citrin Cooperman CEO Alan Badey, said. “What struck us most about Teplitzky is the team’s long history of exceptional client service and deep-rooted relationships in the Connecticut market, which is a perfect fit for our firm and growth strategy in the state and broader New England region. The Teplitzky partners and staff exemplify the culture at Citrin Cooperman and we are thrilled to have them join the firm.”
“Joining Citrin Cooperman broadens our ability to provide our clients with enhanced services and resources without sacrificing our personalized, hands-on approach,” Teplitzky Managing Partner Jeffrey Teplitzky, said.
As is typical for firms that operate in alternative practice structures, the transaction will consist of two acquisitions: Citrin Cooperman Advisors LLC will acquire Teplitzky’s nonattest assets while Citrin Cooperman & Company, LLP will acquire Teplitzky’s attest assets.
The transaction is expected to close in November 2024.