Based in New York, Citrin Cooperman has entered into an agreement to acquire substantially all the assets of Teplitzky & Company PC, a Woodbridge, Connecticut-based accounting, consulting and tax firm specializing in the health-care industry. Teplitzky will join the Citrin Cooperman alternative practice structure with five partners and over 20 professionals, expanding the firm’s growing presence in Connecticut and New England. Teplitzky brings strong expertise in the areas of federal and state taxation, general tax services, auditing, estate planning and medical management advisory service.
Top of Form
“We are thrilled to add the preeminent health-care accounting firm in the state of Connecticut to the Citrin Cooperman family,” said Citrin Cooperman Advisors LLC CEO Alan Badey. “What struck us most about Teplitzky is the team’s long history of exceptional client service and deep-rooted relationships in the Connecticut market, which is a perfect fit for our firm and growth strategy in the state and broader New England region…”
“Joining Citrin Cooperman broadens our ability to provide our clients with enhanced services and resources without sacrificing our personalized, hands-on approach,” said Teplitzky Managing Partner Jeffrey Teplitzky.
As is typical for firms that operate in alternative practice structures, the transaction will consist of two acquisitions: Citrin Cooperman Advisors LLC will acquire Teplitzky’s nonattest assets while Citrin Cooperman & Company, LLP will acquire Teplitzky’s attest assets.
The transaction is expected to close in November 2024.
Teplitzky & Company is an accounting firm that has been working with companies, medical practices and individuals since 1928. The firm was originally established by Lewis Sagal and reconstituted in 1964 after the merger with Earle E. Jacobs to become known as Sagal, Jacobs & Company. In 1989 the firm changed to its current name, Teplitzky & Company PC when Joshua and Jeffrey Teplitzky joined their father and mentor Marvin D. Teplitzky, CPA, in practice. The firm provides expertise in the areas of federal and state taxation, general tax services, auditing, estate planning, and medical management advisory service. The principals and professionals at Teplitzky are all highly qualified with advanced degrees in accounting, business, tax and law.
Citrin Cooperman, recently named No. 18 on the “Top 100 Firms” list by “Accounting Today,” is one of the nation’s largest professional services firms. Built on the values of close relationships, integrity and a genuine passion for client service, Citrin Cooperman combines deep industry expertise, diversified service portfolio and national reach with a down-to-earth people-first approach in servicing clients. Its entities include more than 450 partners and 2,800 total professionals.
