Advisory
Citrin Cooperman Acquires KAF Accounting Group
“Citrin Cooperman had been focused on coming into the Boston market for several years but ultimately passed on every firm they looked at," said Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the merger.
Aug. 01, 2016
The accounting and business consulting firm Citrin Cooperman has expanded into the Boston metro area, with the joining of leading Massachusetts accounting firm KAF. The 10 partners and 55 staff of KAF will join Citrin Cooperman effective August 1, 2016. Citrin Cooperman, currently the 22nd largest accounting firm in the U.S., will add KAF’s offices in Braintree and Woburn, for a total of 9 East Coast locations and revenues of over $200 million.
“We are delighted that we have been able to join together with the KAF partners and staff. We have been looking in the Boston marketplace for several years, and we have finally found a firm that matches our commitment to service and quality,” said Citrin Cooperman CEO, Joel Cooperman. “We are excited to enter into the Boston marketplace. We feel that, with KAF, we are better positioned to help our clients meet the demands of their business needs and goals.”
KAF is an accounting, tax, and advisory firm that has been serving the Boston area market for 25 years. The firm specializes in industries including construction, manufacturing and distribution, not-for-profit, professional services, real estate, and technology. KAF’s client base includes high net worth individuals as well as privately owned and closely held businesses.
“We’re very excited to join Citrin Cooperman. It was important to the KAF team to find a firm that has the depth and resources to service our larger clientele, while also providing world-class client service to the individuals and small businesses that have been clients of our firm for years,” said Kenneth Kirkland, managing partner of KAF. “We found that balance with Citrin Cooperman and look forward to introducing our clients to their expanded services.”
“Citrin Cooperman had been focused on coming into the Boston market for several years but ultimately passed on every firm they looked at,” said Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the merger.
“They didn’t want a firm “out of gas” but rather one that was highly entrepreneurial and had “a lot of game”, great leadership, and young talent available. In KAF they found the perfect firm.”