Accounting Firm EisnerAmper Acquires Security MSP CSAM Marketing
EisnerAmper LLP, an accounting firm in New York City, has acquired managed IT security services business CSAM Marketing Inc.
Financial terms from the deal were not disclosed, but sources say MSP-centric business valuations run around 4 times to 8 times annual EBITDA, depending on a range of metrics.
CSAM was founded in 1984 and has locations throughout the New York/New Jersey metropolitan area. The firm provides managed IT services, security services, and IT solutions. Key technology partners include companies like Amazon Web Services, Microsoft, Datto and Lenovo, among others.
EisnerAmper Acquires CSAM: Executive Perspectives
CSAM’s leadership team and engineers will join EisnerAmper’s Process, Risk & Technology Solutions (PRTS) practice, the company said.
Jerry Ravi, EisnerAmper Partner and PRTS Practice Leader, commented:
“Prior to this, we specialized in identifying, measuring and monitoring a client’s cybersecurity risks. Now, with the technology and talent of CSAM, we can also provide real-time remediation services. This exciting, strategic move is at the core of our philosophy of bringing technology-enabled services and solutions to clients of all niches, sizes and growth stages.”
Rahul Mahna is a CSAM Managing Partner who will join EisnerAmper as a PRTS Managing Director. He also commented on the news:
“With EisnerAmper being a long-time leader in mitigating business risk and CSAM an innovator in risk-based technology solutions, this is the perfect union—particularly as the distinction between business advisory and cybersecurity services continues to shrink. This will enable us to take a more proactive client approach, especially considering the rapid growth of artificial intelligence and machine learning, in servicing clients’ evolving risk-mitigation needs.”
Accounting Firms, MSPs and MSSPs
EisnerAmper’s buyout of CSAM is the latest deal on two growing M&A lists featuring
Additional insights from Joe Panettieri.