LGA

What LGA does

LGA, LLP (legal name LitmanGerson Associates, LLP) is a New England–based CPA and business advisory firm headquartered in Woburn, Massachusetts, with additional offices in Chestnut Hill, MA and Salem, NH. Founded in 1980 as Litman Gerson & Co. and rebranded to LGA in 2018, the firm employs 155 team members and is the 4th largest independent CPA firm in Massachusetts per Boston Business Journal rankings (16th on BBJ's overall Largest Accounting Firms list in 2026, up from 45th in 2013). Following a 2025/2026 acquisition by Citrin Cooperman (a top-20 national firm), LGA operates as an independent brand within that platform.

The firm delivers its services through three revenue streams: traditional professional services (audit, tax compliance, valuation, financial forensics, EBP audits, international tax), transaction advisory (M&A advisory, investment banking executed through SEC-registered broker Avalon Securities Ltd., quality of earnings, transaction support), and managed services (outsourced management accounting delivered by Certified QuickBooks ProAdvisors, including fractional CFO). It serves nine distinct client segments — eight industry verticals (construction, dental, nonprofit, owner-managed, private equity, real estate, technology, veterinary) plus high-net-worth individuals — generating revenue via custom engagement-based pricing with multi-year contracts. Customer acquisition is relationship-led with verticalized content marketing, including The Veterinary Survival Show podcast and industry-specific webinars.

LGA's growth has been driven by an active M&A roll-up strategy: mergers with Kellem Goodman (2004), ALL CPAs (2021), Ziner & Murphy PC (2025), and Cohen Cohen & Company (2025) have expanded the firm's geographic footprint, vertical depth, and headcount roughly five-fold since 2014. Investment banking activity through Avalon Securities has managed over 200 transactions exceeding $30 billion in deal value, providing a high-fee adjacency to traditional accounting work. The firm has earned multiple industry recognitions (Accounting Today 2025 Regional Leader, IPA Top 200, Forbes Best-in-State CPAs, BBJ Best Places to Work 2026, CCH William Award for Firm Culture & Talent), and maintains AICPA Employee Benefit Plan Audit Quality Center membership with a track record of zero DOL deficiencies on plan audits.

Name

LGA

Legal name

LitmanGerson Associates, LLP

Website

https://lga.cpa

Company type

Private

Founded year

1980

Operating status

Operating

Headcount range

101–250 employees

Short description

LGA, LLP is a New England–based CPA and business advisory firm with 155 professionals serving middle-market businesses, entrepreneurs, and high-net-worth families across eight industry verticals. It delivers audit, tax, M&A, investment banking, outsourced accounting, and fractional CFO services from offices in Woburn, Chestnut Hill, and Salem, NH, now operating within Citrin Cooperman.

Ownership category

akta.pro rank

Product category

Professional Accounting and Advisory Services

NAICS

Offices of Certified Public Accountants (541211), Professional, Scientific, and Technical Services (54)

SIC

Services-Engineering, Accounting, Research, Management (8700), Services-Management Consulting Services (8742)

akta.pro primary industry

Accounting & Bookkeeping Services (BPAHABAC)

akta.pro secondary industries

Financial Reporting & Technical Accounting Advisory (GAAP/IFRS) (BPAHABAF), Financial Planning & Analysis Support (Budgeting, Forecasting, Management Reporting) (BPAAAGAJ)

Keywords

• CPA advisory services
• Audit and assurance
• Business tax planning
• Outsourced management accounting
• Mergers and acquisitions advisory

Headquarters

HQ city

Woburn

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Audit & Assurance Services: Comprehensive audit, review, compilation, and agreed-upon procedures services for financial statements. Provides risk-based, client-specific approach ensuring accurate, timely financial reporting for informed business decisions.
2. Business Tax Services: Tax compliance and planning for businesses including entity structuring, tax efficiency optimization, cost segregation studies, R&D credit analyses, accelerated depreciation, and qualified retirement plan implementation.
3. Business Advisory Services: Strategic advisory including accelerated growth, risk protection, lifecycle strategic empowerment, operational excellence, financial health optimization, and transaction support. Includes fractional CFO services.
4. Mergers & Acquisitions Services: M&A advisory for small to middle-market businesses in Boston and New England area. Includes deal structuring, due diligence, negotiation support, and access to vetted network of buyers and sellers. LGA remains independent, prioritizing client goals over deal completion.
5. Investment Banking: Capital raising, debt and equity solutions, sell-side and buy-side brokerage through SEC-registered broker Avalon Securities. Services include discrete market testing, investor decks, and financial modeling of exit scenarios.
6. Business Valuation: Comprehensive valuation services including Conclusion of Value, Calculation of Value, and Range of Value reports. Credentialed professionals deliver reports suitable for transactions, buy/sell scenarios, and estate planning.
7. Financial Forensics & Litigation Support: Investigative financial services including fraud detection, asset misappropriation analysis, fund flow tracing, and expert witness support for marital and shareholder disputes.
8. Individual & Family Tax Services: Tax planning and compliance for high-net-worth individuals including estate and trust tax returns, gift tax planning, IRS and state representation, and integrated wealth strategies.
9. Outsourced Management Accounting: Day-to-day bookkeeping to high-level fractional CFO services including monthly accounting, financial reporting, and strategic advisory. Certified QuickBooks ProAdvisors provide scalable solutions.
10. Employee Benefit Plan Audit Services: Specialized 401(k) and employee benefit plan audits ensuring DOL and IRS compliance. Over 120 eligible participants trigger requirement for audit.
11. International Tax Services: Inbound and outbound international tax structuring, compliance, and reporting for businesses and individuals with foreign activities, including FBAR, FATCA, GILTI, and expatriate/inpatriate services.
12. Overhead Audit Services: Indirect cost rate audits for architecture, engineering, construction, and government-facing firms. Supports DCAA compliance and rate defensibility for federal-aid work.

Pricing tiers

Go-to-market motion3 records

Distribution channels2 records

Marketing channels8 records

Core offering

LGA is a CPA and business advisory firm providing audit, tax, valuation, financial forensics, fractional CFO, transaction advisory, M&A, investment banking, and outsourced management accounting services to New England's middle-market businesses, entrepreneurs, and high-net-worth families. The firm pairs compliance services (audit, tax, EBP audits, overhead audits) with advisory-led engagements including business valuation, M&A support, Quality of Earnings reports, and fractional CFO work delivered by Certified QuickBooks ProAdvisors. Services are organized across specialized industry verticals covering construction, dental, nonprofit, owner-managed, private equity, real estate investment, technology, and veterinary clients.

Product overview

LGA is a fiercely independent CPA and business advisory firm offering a comprehensive suite of professional services organized into core accounting/tax offerings and industry-specific verticals. The core services include Audit & Assurance, Business Tax, Business Advisory, Business Valuation, Employee Benefit Plan Audit Services, Financial Forensics & Litigation Support, Fractional CFO Services, Individual & Family Tax, International Tax, Investment Banking, Mergers & Acquisitions Services, Outsourced Management Accounting (OMA), Overhead Audit Services, Quality of Earnings Reports, and Transaction Advisory Services. These are complemented by specialized industry verticals serving Construction & Real Estate, Dental Practices, Nonprofits, Owner Managed Businesses, Private Equity, Real Estate Investment, Technology Companies, and Veterinary Practices. The firm also produces The Veterinary Survival Show podcast. LGA positions itself as a full-service alternative to larger firms, providing personalized advisory-led approach with partner-level attention.

Differentiator

Problem solved

Functional benefit

Products and services

• Audit & Assurance Comprehensive audit, review, compilation, and agreed-upon procedures services with a risk-based, client-specific approach for informed business decisions. Target users: middle-market businesses, nonprofits, and benefit plans requiring assurance engagements.
• Business Advisory Strategic advisory covering accelerated growth, risk protection, lifecycle strategic empowerment, operational excellence, financial health optimization, investment banking support, and transaction guidance. Target users: startups, growth companies, M&A, and distressed companies.
• Business Tax Proactive tax planning and compliance services including entity structuring, tax efficiency optimization, business sale structuring, state tax nexus analysis, multi-state compliance, and IRS/state representation. Target users: middle-market business owners across industries.
• Business Valuation Business valuation services providing reports including Conclusion of Value, Calculation of Value, and Range of Value for transactions, estate planning, litigation, and strategic decisions. Target users: business owners, attorneys, and stakeholders needing defensible valuation opinions.
• Employee Benefit Plan Audit Services Specialized 401(k) and employee benefit plan audits ensuring DOL and IRS compliance with process improvement focus. Target users: sponsors of plans with 120+ eligible participants.
• Financial Forensics & Litigation Support Forensic accounting and litigation support services including fraud investigation, asset misappropriation analysis, business valuation for disputes, and expert witness testimony. Target users: attorneys, business owners, and stakeholders involved in marital and shareholder disputes.
• Fractional CFO Services Part-time or project-based senior financial leadership providing strategic planning, financial improvement, forecasting, real-time insights, compliance support, process efficiency, and transaction-ready financials. Target users: growth-stage and middle-market businesses needing senior financial leadership without a full-time CFO.
• Individual & Family Tax Tax compliance and planning for individuals and families covering investments, assets, real estate, estates, trusts, gift tax, and IRS representation. Target users: high-net-worth individuals, families, and business owners.
• International Tax International tax structuring, compliance, and reporting for outbound and inbound transactions, expatriates, inpatriates, foreign business establishment, FBAR, FATCA, and global mobility. Target users: individuals and businesses with cross-border activities.
• Investment Banking Capital management, liquidity, and exit strategy services including SEC-registered business brokerage, equity and debt capital raising, sell-side and buy-side brokerage, and discrete market testing executed through SEC-registered broker-dealer Avalon Securities, Ltd. Target users: private and middle-market companies seeking capital, liquidity events, or exit planning.
• Mergers & Acquisitions Services Comprehensive M&A advisory connecting clients with vetted buyer and seller networks, deal structuring, due diligence, negotiation, and post-transaction integration. Target users: small to middle-market businesses in Boston and New England pursuing acquisitions or sales.
• Outsourced Management Accounting (OMA) Day-to-day bookkeeping to high-level fractional CFO services, providing customized scalable accounting solutions with QuickBooks expertise and internal controls support. Target users: businesses that prefer outsourced accounting over in-house finance teams.
• Overhead Audit Services Indirect cost rate audits for architecture, engineering, construction, and government-facing firms to ensure compliance with DCAA, DOT, and agency requirements for government-funded projects. Target users: A&E and government-facing firms needing indirect cost rate defensibility.
• Quality of Earnings Reports M&A due diligence reports analyzing true financial performance including adjusted EBITDA, revenue trends, customer concentration, working capital, and tax considerations. Target users: buyers, sellers, and lenders in M&A transactions.
• Transaction Advisory Services End-to-end transaction support including strategy, financial modeling, due diligence, valuation, negotiation, deal documentation, and resolution services. Target users: businesses executing sales, acquisitions, or capital raises in New England.

Quantifiable outcome

• Over 200 M&A and investment banking transactions completed
• +4 more outcomes

Named customers5 records

Segments9 records

Ideal customer profiles8 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature2 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Citrin CoopermancoreStrategic or Co-development Partner · 1 January 2025LGA has joined Citrin Cooperman, a top 20 national firm. This acquisition preserves what makes LGA special while giving the team broader opportunities, additional support, and access to continued investments in innovation. Managing Partner John D. Geraci stated that the firm can now preserve its client-focused approach while gaining the depth of a national firm.
• Avalon Securities, LtdcoreTechnology or IntegrationAll securities transactions are completed through Avalon Securities, Ltd., a U.S.-registered broker dealer and member of FINRA and SIPC. LGA's Investment Banking team provides advisory services while Avalon handles the regulatory securities execution.
• Aprio AllianceminorStrategic or Co-development PartnerLGA is an independently owned member of Aprio Alliance, a national association of collaborative, growth-minded CPA firms. This affiliation provides access to leading expertise, resources, and best practices while maintaining independence and personalized service.
• Ziner & Murphy, PCcoreOthersLGA merged with Ziner & Murphy, PC in late 2025, strengthening construction, nonprofit, and HUD practices. The merger brought David F. Murphy and his team to LGA.
• Cohen Cohen & CompanycoreOthersLGA merged with Cohen Cohen & Company, expanding capabilities and team size. Matthew Foley leads this integration.
• MassCPAsminorOthersLGA is a proud member of the Massachusetts Society of Certified Public Accountants (MassCPAs), with over 11,000 members. Two LGA Partners serve on the MassCPAs Board of Directors and numerous team members serve on committees.
• American Institute of CPAs (AICPA)minorOthersLGA is a member of the AICPA, representing CPAs in the United States with over 597,000 members. LGA's Managing Partner serves on the AICPA's Women's Initiatives Executive Committee (WIEC).

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Withum: Top 25 national CPA and advisory firm with a strong mid-market focus. Comparable to LGA in service mix (audit, tax, advisory, outsourced accounting), industry vertical specialization, and target client base of growth-stage and middle-market businesses.
• Marks Paneth: Regional CPA and advisory firm serving middle-market businesses and high-net-worth individuals. Directly comparable in service mix (audit, tax, advisory, fractional CFO) and similar client profile of closely held businesses and family offices.
• Anchin: Mid-market-focused CPA and advisory firm headquartered in New York. Similar size, structure, and service breadth to LGA, with comparable vertical specializations including construction, real estate, and professional services.
• Aprio: Growth-minded national CPA and advisory firm. LGA is a member of the Aprio Alliance, indicating direct collaboration on client services. Highly comparable in terms of mid-market advisory focus, technology commitment, and similar vertical specialization.

Broad incumbents

• Plante Moran: Largest US-based CPA firm by revenue, with strong middle-market focus. Comparable to LGA in client base (construction, manufacturing, nonprofit) and advisory-led service model, though at substantially greater scale.
• CohnReznick: Top 20 national advisory, assurance, and tax firm. Comparable to LGA's expanded post-Citrin positioning, with similar middle-market focus, real estate and construction vertical strength, and significant outsourced accounting practice.
• BDO USA: Top 5 global accounting network with strong US mid-market presence. A broader incumbent that competes with LGA for middle-market audit and advisory work, particularly in tech, real estate, and nonprofit verticals.
• Citrin Cooperman: Top 20 national accounting and advisory firm that acquired LGA in 2025. Directly comparable as a mid-market advisory platform serving similar industries with overlapping service lines including audit, tax, advisory, and transaction services.

Regional players

• BerryDunn: Top 100 US accounting firm with strong New England presence. Comparable to LGA in regional middle-market focus, with similar industry specializations (healthcare, nonprofit, government) and comparable firm size.
• Baker Newman Noyes: Regional CPA firm headquartered in New England. Geographically and operationally comparable to LGA, with similar service breadth and middle-market focus, though operating in overlapping rather than identical New England markets.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles30 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about LGA