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M&A Deal Summary

The Blackstone Group Acquires Citrin Cooperman

On January 7, 2025, private equity firm The Blackstone Group acquired business services company Citrin Cooperman from New Mountain Capital

Acquisition Highlights
  • This is The Blackstone Group’s 18th transaction in the Business Services sector.
  • This is The Blackstone Group’s 212th transaction in the United States.
  • This is The Blackstone Group’s 23rd transaction in New York.

M&A Deal Summary
Date 2025-01-07
Target Citrin Cooperman
Sector Business Services
Buyer(s) The Blackstone Group
Sellers(s) New Mountain Capital
Deal Type Secondary Buyout

Target

Citrin Cooperman

New York, New York, United States
Citrin Cooperman is a professional services firm that has steadily built its business serving a diverse and loyal clientele. The company provides a comprehensive, integrated business approach to traditional services, which includes proactive insights throughout the lifecycle of clients wherever they do business, across the globe. Citrin Cooperman & Company, LLP, a licensed independent CPA firm that provides attest services, and Citrin Cooperman Advisors LLC which provides business advisory and non-attest services, operate as an alternative practice structure in accordance with the AICPA’s Code of Professional Conduct and applicable laws, regulations and professional standards. Citrin Cooperman was formed in 1979 and is based in New York, New York.

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Buyer(S) 1

Buyer

The Blackstone Group

New York, New York, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1987
PE ASSETS 131.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

The Blackstone Group is a global alternative investment management firm. The Firm's investment activities span real estate, secondary investments, hedge funds, credit, infrastructure, and private equity. Blackstone's private equity group targets opportunities globally including buyout acquisitions of established companies, development projects, growth equity financings, and industry consolidations. Sectors of interest include automotive, healthcare, chemicals, industrial, commercial property, lodging, communications, media/publishing, consumer & retail, packaging, consumer products, pharmaceuticals, energy, technology, entertainment, telecommunications, financial services, theme parks, food & beverage, and transportation. Blackstone's private equity real estate group looks for opportunities across North/South America, Asia, Australia/New Zealand, and Europe. The real estate group will consider both equity and debt investments. Areas of interest include healthcare, hotel, industrial, office, residential, and retail. The Blackstone Group was formed in 1987 and is based in New York, New York.

DEAL STATS #
Overall 341 of 347
Sector (Business Services) 18 of 18
Type (Secondary Buyout) 82 of 83
State (New York) 23 of 23
Country (United States) 212 of 217
Year (2025) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-16 Sia Partners

Paris, France

Sia Partners is an international independent management and AI consulting firm. Sia Partners is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-09 DataDirect Networks

Chatsworth, California, United States

DDN is an AI and data intelligence company that empowers organizations to maximize the value of their data with end-to-end HPC and AI-focused solutions. Its customers range from the largest global enterprises and AI hyperscalers to cutting-edge research centers, all leveraging DDN’s proven data intelligence platform for scalable, secure, and high-performance AI deployments that drive 10x returns. DDN was formed in 1998 and is based in Chatsworth, California.

Buy -

Seller(S) 1

SELLER

New Mountain Capital

New York, New York, United States
Category Private Equity Firm
Founded 2000
PE ASSETS 35.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

New Mountain Capital is a private investment firm focused on investment in public and private companies in a variety of industries. New Mountain generally invests $100 to $500 million per transaction and looks for businesses with strong market positions and high barriers to entry. New Mountain also prefers businesses that succeed in both good and bad economies. Sectors of interest include education, healthcare, business services, federal IT services, media, software, consumer products, logistics, financial services and technologies, and energy. New Mountain Capital was formed in 2000 and is based in New York City.

DEAL STATS #
Overall 46 of 46
Sector (Business Services) 6 of 6
Type (Secondary Buyout) 12 of 12
State (New York) 5 of 5
Country (United States) 43 of 43
Year (2025) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-30 Salute Mission Critical

Franklin, Wisconsin, United States

Salute Mission Critical is an IT Data Center Lifecycle services company that recruits and trains military veterans to become world-class technicians. The company deploys, manages, and decommissions data center sites with consistently high-quality results. Salute Mission Critical is based in Franklin, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-10 Machinify

Palo Alto, California, United States

Machinify provides artificial intelligence (AI)-powered software transforming healthcare payments. Machinify was founded in 2016 and is based in Palo Alto, Califirnia.

Buy -
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