Blackstone to acquire a majority stake in Citrin Cooperman from New Mountain Capital.

Blackstone, a private equity firm, agreed to acquire a majority stake in Citrin Cooperman, a tax, advisory and accounting provider, from New Mountain Capital, an investment firm. Financial terms were not disclosed. "We are excited to have reached an agreement for Blackstone to invest in Citrin Cooperman as we enter our next chapter of growth. Blackstone will help us make additional investments in expanded service offerings and technology as we deliver on our continued commitment to best-in-class firm culture and providing an exceptional client experience. We thank New Mountain for their years of partnership in helping to build and support our business," Alan Badey, Citrin Cooperman CEO.