Citrin Cooperman completes acquisition of Clearview Group to strengthen Mid-Atlantic presence
Nov 14, 2024•about 1 year ago
Acquiring Company
Citrin Cooperman Advisors
Acquired Company
Clearview Group
Description
Citrin Cooperman has announced the acquisition of substantially all the assets of Clearview Group, a Baltimore metro-based management consulting and CPA firm. By bringing Clearview Group into its fold, Citrin Cooperman aims to enhance its capabilities in risk advisory, state and local tax, and purpose-built technology solutions, thus reinforcing its position in the Mid-Atlantic region.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed