Top 25 accounting firm Citrin Cooperman has acquired Murray Devine Valuation Advisors, an independent valuation advisory firm headquartered in Philadelphia with offices in New York and Austin, TX.
As part of the transaction, Murray Devine’s senior management team, led by co-founder Dennis Murray, will join Citrin Cooperman’s Valuation Advisory Services practice leaders to oversee the combined valuation services business.
“Welcoming Murray Devine is something we are really excited about,” Citrin Cooperman CEO Alan Badey said in a press release. “They bring an amazing group of partners and staff with deep technical skills, which combined with our existing Valuation Advisory Services team, will continue to position Citrin Cooperman as an industry leader with these services.”
For more than 30 years, Murray Devine has provided valuation services to private equity, private debt, and venture capital firms, as well as hedge funds, banks, and corporations. The firm routinely participate in mergers, acquisitions, and recapitalizations in a broad array of industries with transactions ranging in value from less than $10 million to over $10 billion. Its team includes professionals with backgrounds in accounting, corporate finance, commercial lending, bankruptcy, law, and other fields.
“We’re thrilled to join Citrin Cooperman’s Valuation Advisory Services practice and look forward to the next chapter in Murray Devine’s growth. The combined platform will have an expanded service offering and bring to bear additional resources on our best-in-class valuation capabilities,” said Dennis Murray. “Our team is incredibly dedicated, talented, and hardworking, and we know we’re joining a group who shares those same qualities.”
Citrin Cooperman is the 24th largest accounting firm in the nation by revenue, according to INSIDE Public Accounting. The firm reached $351 million in revenue during its most recent fiscal year.