US-based accounting and advisory firm Centri Business Consulting has secured $20m credit facility from Citizens Financial Group to back its next phase of expansion.
The funding will be directed towards acquisitions and hiring across the firm, including new leadership and partner roles in all its markets.
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It will also be used to extend Centri’s services, strengthen capabilities and support further geographic growth.
Centri managing partner and CEO Michael Aiello said: “Partnering with Citizens on this facility is a reflection of where Centri stands today and the direction in which we’re headed.
“It gives us the financial resources to keep building the way we always have, with intention and an unrelenting focus on quality.
“With this capital in place, we are better positioned than ever to bring the right people into the firm, pursue acquisitions that deepen our capabilities, and continue delivering at the highest level for our clients across the country and around the world.”
Citizens, a financial institution operating across the US, serves businesses nationwide, from mid-sized firms to large corporates.
Citizens Mid-Atlantic & Midwest Regions president Daniel Fitzpatrick said: “Centri has built something genuinely unique in the advisory space, and the firm’s track record across capital markets and high-growth sectors speaks for itself.
“Citizens looks forward to a strong relationship as Centri’s strategic and financial banking advisor.”
Established in 2011, Centri is based in Philadelphia and operates offices in New York City, Boston, Raleigh, Tysons Corner, Denver, Tampa, Atlanta and Dallas, serving clients across the US.
