Firm Management
Citrin Cooperman Acquires SoCal Accounting Firm LGSH
The deal provides Citrin Cooperman with a location in Encino, CA and the addition of 10 partners and 55 staff. Steve Lacher and Daniel Howard will join as co-managing partners of the Encino office and Howard will join the firm’s Executive Committee.
Jan. 14, 2020
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Top 25 accounting firm Citrin Cooperman has continued its expansion in Southern California with the joining of LGSH, LLP, one of the largest CPA firms in the San Fernando Valley. The deal became effective January 1, 2020. The deal provides Citrin Cooperman with a location in Encino, CA and the addition of 10 partners and 55 staff. Steve Lacher and Daniel Howard will join as co-managing partners of the Encino office and Howard will join the firm’s Executive Committee.
The LGSH partners have done a fantastic job for many years becoming a leading firm in Southern California.
LGSH, LLP provides tax, audit, litigation support, business management, and consulting services to clients in a variety of industries including, but not limited to, real estate, entertainment, manufacturing, distribution, technology, professional services, and agriculture. Their clients consist of global companies, attorneys, doctors, entertainment executives, and established companies, as well as emerging businesses.
“We look forward to continuing LGSH’s long history of providing innovative, strategic client service,” said Citrin Cooperman CEO, Joel Cooperman. “We are very excited to have their partners and staff join us as we continue to expand our footprint and service offerings in Southern California. We have completed three deals in this market in 2019 and added over 100 professionals with over $25m in annual revenue. We can now provide clients in this market will a full menu of accounting, tax, and business management services as well as a full suite of complementary consulting services.”
“Like LGSH, Citrin Cooperman is known for their commitment to their clients and investment in their people, and we know our core values are aligned,” said Lacher and Howard in a joint statement. “Joining Citrin Cooperman was a decision we made not only because of similar cultures and philosophy but also because we wanted to expand the resources we collectively can offer for the benefit of our clients and our people.”
Citrin Cooperman, the 22nd largest firm in the country, will now have over 100 people, including 14 partners, across three offices in Los Angeles. The firm opened their first West Coast location in June of 2019 in Westwood, Los Angeles, followed by a Beverly Hills location in December of 2019.
Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the deal, commented, “For years, LGSH has been recognized in Southern California for being accomplished, creative, and most importantly, trusted by their clients and peers. With their established reputation and experience, combined with Joel and his team, Citrin Cooperman is positioned to become an undisputed leader in the West Coast market.”