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What Blackstone’s $2B Deal Means for Citrin Cooperman
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Subscribe08 JAN 2025 / FINANCE
Global private equity firm, Blackstone, has acquired a majority stake in US-based accounting firm Citrin Cooperman, marking the first US private equity acquisition within the accounting sector. The deal, valued at over $2 billion, signals a significant industry shift and is expected to accelerate Citrin Cooperman's growth through advanced technologies and expanded services, despite potential regulatory scrutiny due to potential conflicts of interest between private equity and accounting standards.
Move over, traditional accounting models—there’s a new sheriff in town. Blackstone, one of the world’s largest private equity firms, has acquired a majority stake in the US-based CPA firm Citrin Cooperman from New Mountain Capital in a deal valuing the ac...
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