#USA #Chicago #Acquisition #Citrin Cooperman #ORBA

Citrin Cooperman's Strategic Acquisition of ORBA

Citrin Cooperman Advisors LLC, a leading professional services provider for private, middle-market enterprises and high net-worth individuals, has announced a monumental move to enhance its presence in the Midwest by acquiring Ostrow Reisin Berk Abrams, Ltd. (ORBA). This acquisition brings together two firms renowned for their commitment to excellence and a client-first approach, aiming to create a powerhouse in the accounting and advisory space.

Background of the Acquisition

The decision to acquire ORBA aligns with Citrin Cooperman's objective to broaden its operations, tapping into a wider spectrum of industries. Based in Chicago, ORBA has built a commendable reputation since its inception in 1977, recognized for its deep expertise in tax, accounting, and advisory services. With an impressive team of 15 partners and over 150 professionals, ORBA brings to the table robust capabilities in sectors like manufacturing, distribution, professional services, sports, and real estate.

Alan Badey, CEO of Citrin Cooperman, expressed his enthusiasm regarding the acquisition, stating, "This is a landmark milestone in Citrin Cooperman's continued growth. ORBA possesses an outstanding reputation built on decades of excellence, and their culture closely mirrors our own. This combination presents an expanding landscape of opportunities for our people and clients alike."

Strategic Synergies

The synergies between the two firms are anticipated to be immense. Both Citrin Cooperman and ORBA share a culture of collaboration and an entrepreneurial spirit, enhancing their appeal to prospective clients and top talents in the industry. Joseph Odzer, CEO of ORBA, noted that joining Citrin Cooperman signifies an exciting new chapter for the firm, enabling them to expand their service offerings while maintaining the personalized service their clients have come to trust.

This acquisition aligns seamlessly with Citrin Cooperman's strategic vision of purposeful expansion through partnerships with firms that share its values, including a commitment to client service excellence and deep industry expertise. Allan Koltin, CEO of Koltin Consulting Group who facilitated the transaction, remarked upon the compelling nature of their synergy, suggesting this alignment positions them as a premier destination for both clients and talent.

Impact on Employees and Clients

The coming together of Citrin Cooperman and ORBA is a narrative of growth not only for the firms themselves but also for their respective employees. With increased access to resources, professionals from both entities can expect substantial opportunities for career advancement in an environment that champions shared values and growth aspirations. Clients of ORBA will now be able to benefit from the extensive suite of services and industry insights that Citrin Cooperman offers, ensuring they continue to receive high-quality, personalized service enriched by new capabilities.

Conclusion

The transaction between Citrin Cooperman and ORBA is expected to close in October 2025, marking a significant moment in the evolution of both firms. As these two respected entities merge, they aim to redefine the landscape of professional services in the Midwest. This strategic move not only enhances their operational footprint but solidifies their legacy as leaders in the industry, dedicated to fostering innovation and delivering superior client outcomes in a continually evolving market.

For more information about Citrin Cooperman and its services, visit www.citrincooperman.com.