Citrin Cooperman, a High 25 Agency based mostly in New York, has added McNulty & Associates, Inc., a consulting agency in Westford, Massachusetts, that makes a speciality of serving to shoppers worth their companies to win federal authorities contracts.
As a part of the deal, president and CEO Michael McNulty shall be becoming a member of Citrin Cooperman as a companion. He and his staff will turn out to be a part of Citrin’s Authorities Consulting Follow and a newly established Authorities Contracting Specialty Advisory Providers observe.
Monetary phrases of the deal weren’t disclosed. Citrin Cooperman ranked No. 23 on Accounting Right now’s 2022 listing of the High 100 Companies, with $350 million in annual income.
The deal is the newest in a string of mergers for the reason that non-public fairness agency New Mountain Capital acquired a majority curiosity in Citrin Cooperman, inflicting the agency to separate off its non-attest facet into Citrin Cooperman Advisors LLC, whereas the attest facet is called Citrin Cooperman & Co. LLP.
Within the six months since New Mountain invested an undisclosed sum, Citrin Cooperman merged in Appelrouth, Farah & Co. PA, in Coral Gables, and Bloom, Gettis & Habib PA, in Miami, and music business consultancy Massarsky Consulting in New York. Final November, Citrin added OLC Administration Inc., a California-based enterprise administration agency within the leisure business.
The McNulty deal expands Citrin’s presence in serving to federal authorities contractors. For the previous 15 years, McNulty has led a staff of analysis analysts, expertise consultants, pricing and monetary analysts, technologists and parametric modelers to supply shoppers with so-called “price-to-win” aggressive evaluation and evaluation companies to bid for profitable authorities contracts.
“We’re excited to have Michael and his skilled staff be a part of our agency,” mentioned Citrin Cooperman CEO Alan Badey in a press release Tuesday. “Their collaborative tradition will match completely with Citrin Cooperman, creating much more worth for our rising authorities contracting enterprise. Now we have nice expectations for the success of this new observe space, and we sit up for the chance to broaden and strengthen the capabilities of our general Authorities Contracting Follow.”
Citrin Cooperman workplace in Fairfax, Virginia
In responding to a request for proposals on a authorities contract, the McNulty staff makes use of a technique that helps many kinds of bids, with its analysts making use of estimating methods and metrics for aggressive pricing.
“That is the right alternative to broaden our best-in-class observe with the flexibility to extend our assets and acquire entry to new markets,” McNulty mentioned in a press release. “By becoming a member of forces with the staff at Citrin Cooperman, our shoppers may have entry to enhanced companies and assist that speed up and maximize their progress efforts.”