Centri Business Consulting has secured a $20 million credit facility from Citizens Financial Group, which the Philadelphia-based top 200 accounting firm will use for the next phase of its strategic growth plan.
According to Investopedia, a capital facility is a type of financing arrangement that enables borrowers to obtain funds from a lender, as needed, up to a certain limit, without needing to go through a separate loan approval process for each withdrawal.
Credit facilities offer businesses flexibility by allowing them to borrow funds only as needed, rather than receiving a lump sum up front like traditional loans.
Centri says it plans to use the credit facility on acquisitions and talent investments at every level of the firm, including key leadership and partner hires, across each market in which it operates.
This capital will also support the continued development of Centri’s service offerings, capabilities, and geographic expansion, the firm said in a media release on May 26.
Centri secured a multimillion-dollar growth capital facility from Fulton Bank, a subsidiary of Fulton Financial Corp., in 2024.
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“Partnering with Citizens on this facility is a reflection of where Centri stands today and the direction in which we’re headed,” Michael Aiello, CEO and managing partner of Centri, said in a statement. “It gives us the financial resources to keep building the way we always have, with intention and an unrelenting focus on quality. With this capital in place, we are better positioned than ever to bring the right people into the firm, pursue acquisitions that deepen our capabilities, and continue delivering at the highest level for our clients across the country and around the world.”
Stephan Parico, CFO and partner at Centri, added, “Working with the Citizens team to get this deal across the finish line was collaborative and seamless through every stage of the process. They came in with a clear understanding of our vision and growth trajectory, and we couldn’t have asked for a better partner on a transaction of this significance.”
Founded in 2011, Centri has offices in Philadelphia, New York City, Boston, Raleigh, NC, Tysons Corner, VA, Denver, Tampa, Atlanta, and Dallas, with the capacity to serve clients across the country.
The firm pulled in $51.6 million in revenue during its most recent fiscal year, according to INSIDE Public Accounting.
Providence, RI-based Citizens operates across the country and serves clients ranging from middle-market companies to large corporations. The company, which holds $227.9 billion in assets as of March 31, 2026, brings a depth of commercial banking resources and reach that Centri says aligns directly with its ambitions today and in the future.
“Centri has built something genuinely unique in the advisory space, and the firm’s track record across capital markets and high-growth sectors speaks for itself,” Daniel Fitzpatrick, president of the Mid-Atlantic and Midwest regions at Citizens, said in a statement. “Citizens looks forward to a strong relationship as Centri’s strategic and financial banking advisor.”
Photo credit: Centri Business Consulting/Instagram
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