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July 9, 2024

Leading Worcester accounting firm acquired by NY professional services provider

Terry Shepherd, managing partner at S&G LLP

Worcester accounting and consulting firm S&G LLP has been acquired by Citrin Cooperman Advisors, a national professional services provider based in New York City.

“S&G’s culture of team, personal service focus, and inspiring a positive difference in our client’s lives is totally in sync with Citrin Cooperman’s culture, making the decision to join forces an easy one. We are very excited by the compelling impact this shared commitment will have for our clients, partners and team members,” S&G founding partners, Terry Shepherd and Carl Goldstein, said in a Tuesday press release from Citrin Cooperman.

The announcement from Citrin Cooperman said the New York company had substantially all of S&G’s assets, including the attest assets.

S&G’s five partners and 39 employees will join Citrin Cooperman, as the company is expanding into New England. S&G has offices in Framingham and Worcester. Financial terms were not disclosed.

Founded in 1980, S&G is the third largest accounting firm in Central Massachusetts with 39 employees and 15 certified public accountants, according to data provided to WBJ’s Research Department.

In 2019, S&G acquired Framingham accounting firm Winer CPA P.C., adding Winer’s three staff members to S&G’s team. 

“S&G’s strong middle market presence, client-centric focus, industry depth and deep commitment to culture and its people are highly aligned with Citrin Cooperman’s core principles and strategic approach,” Citrin Cooperman CEO Alan Badey and Executive Chairman Joel Cooperman said in the release. “We are excited to expand our footprint in New England and are delighted to welcome this amazing group of partners and professionals to our firm.” 

Shepherd was inducted into the WBJ Hall of Fame in 2023 a few months after his co-authored book "The Graduate Level of Business Ownership: The Secrets to Business Success and Personal Happiness” was published.

Mica Kanner-Mascolo is a staff writer at Worcester Business Journal, who primarily covers the healthcare and diversity, equity, and inclusion industries.

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