Accounting & Tax Acquisitions in United States

Engineered Tax Services announced it has acquired Subcity’s technology, team, and database covering thousands of local, state, and federal economic incentives and tax credits. The deal combines Engineered Tax Services’ specialty tax advisory capabilities with Subcity’s digitized incentive-program data and automation to expand access to tax incentives for businesses across the United States.

NDH Advisors LLC, a Unity Partners portfolio company, has completed the acquisition of McGowan Guntermann P.C., a tax and accounting firm based in Santa Barbara. The deal expands NDH’s tax and outsourced accounting capabilities and establishes a presence in Santa Barbara; transaction terms were not disclosed. McGowan’s current partners will remain actively involved following the acquisition.

Nepsis, Inc., a national financial advisor and investment management firm, announced it has acquired full-service tax, accounting and consulting firm Sevenich, Butler, Gerlach & Brazil, Ltd. (SBGB). SBGB will be incorporated into the Nepsis brand to bolster Nepsis’ Family Office Framework and expand its tax solutions and wealth management capabilities.

Your Part-Time Controller, LLC (YPTC) received a strategic growth investment from private equity firm Pamlico Capital. Following the investment, founder Eric Fraint will remain a significant shareholder and board member while retiring from day-to-day operations in early 2024, and Managing Partner Jennifer Alleva will become CEO. Financial terms were not disclosed.

Source Advisors, a specialized tax consulting firm, has acquired PMBA, a New York-based business asset recovery and state and local sales tax consulting firm. The deal expands Source Advisors’ specialty tax solutions to include additional state and local tax capabilities, with both firms maintaining their brands during a transition period before full integration.

Phases Accounting & Tax Service, Inc., an accounting and tax services firm based in Colorado Springs, Colorado, has been acquired by Apex Accounting and Tax, Inc. SDR Ventures served as the exclusive sell-side advisor to Phases on the transaction. The combination expands Apex’s presence and service offerings across the Rocky Mountain region.

Citrin Cooperman Advisors LLC completed the acquisition of the nonattest business of Berdon LLP, a New York-based accounting, tax, and consulting firm. The combination adds approximately $110 million of revenue and 450 partners and associates from Berdon, creating a combined firm expected to exceed $600 million in annual revenue. New Mountain Capital, which holds a controlling interest in Citrin Cooperman, highlighted the deal as a milestone in Citrin Cooperman’s growth strategy.

Kelso & Company acquired Align Capital Partners' interest in WilliamsMarston LLC, a Boston-headquartered provider of complex accounting, tax, and valuation advisory services. Align Capital Partners had invested in WilliamsMarston in July 2020 and exited following a period of significant growth that included geographic expansion and multiple add-on acquisitions.

WilliamsMarston LLC, an accounting, tax and valuation advisory firm, acquired Oracle Capital LLC, a valuation consulting firm based in Tucson, Arizona. The acquisition expands WilliamsMarston’s complex valuation capabilities and strengthens its presence in the U.S. Southwest; Oracle Capital managing partner Rob Maxfield and his full team joined WilliamsMarston upon close.

Citrin Cooperman acquired Untracht Early, a New Jersey-based accounting and advisory firm with more than 150 partners and staff, effective August 1, 2022. Untracht Early strengthens Citrin Cooperman’s financial services capabilities, including alternative investments and high-net-worth/family office tax services. Koltin Consulting Group advised both firms on the transaction.

Moss Adams agreed to combine with Mengali Accountancy, a boutique consulting firm focused on the real estate industry based in Healdsburg, California. Effective August 1, 2022, Mengali Accountancy’s team—including founder Renee Mengali and principals Debbie Warren and Keith Hollander—will join Moss Adams and integrate into its outsourced accounting practice.

Citrin Cooperman acquired Chicago-based Shepard Schwartz & Harris (SSH), establishing its first Midwest office. SSH, a tax, accounting, and business advisory firm serving privately held businesses, will integrate into Citrin Cooperman’s structure, with non-attest assets joining Citrin Cooperman Advisors LLC and attest assets joining Citrin Cooperman & Company, LLP.

A private equity fund managed by Ares Management Corporation has committed to acquire a significant minority equity interest in Ryan, LLC, valuing the company at $2.5 billion. The investment is being made alongside Ryan’s management team, while existing investor Onex Partners will retain a significant minority stake to support Ryan’s next phase of growth.

WilliamsMarston LLC, an accounting, tax and valuation advisory firm, has acquired Moffett & Associates, a California-based corporate tax consultancy. The deal expands WilliamsMarston’s corporate tax consulting capabilities and strengthens its West Coast presence, with founder Marty Moffett and the full team joining WilliamsMarston at close.

Quatrro Business Support Services (Quatrro), a finance- and technology-as-a-service provider, announced the acquisition of Detroit-based Apparatus Solutions (Apparatus). The deal expands Quatrro’s technology-enabled finance, accounting, and back-office services for non-profit organizations nationwide and represents Quatrro’s third add-on acquisition in the non-profit arena. Trivest Partners and VSS Capital Partners are referenced as investors backing Quatrro’s growth strategy.

ZRG Partners, an executive search firm backed by RFE Investment Partners, acquired RoseRyan Inc., a Silicon Valley-based provider of finance and accounting consulting solutions. The deal expands ZRG’s interim and consulting capabilities and strengthens its West Coast presence; financial terms were not disclosed.

Quatrro Business Support Services (Quatrro) acquired Egger Accounting & Business Solutions, Inc. (EAB Solutions), a Chicago-based provider of accounting and human resources service solutions for small and medium not-for-profit organizations. Quatrro’s investment partners, Trivest Partners and VSS Capital Partners, supported the transaction. Following the acquisition, EAB will leverage Quatrro’s scale to expand service delivery to customers nationally.

Skylark Private Equity Partners, in partnership with management, acquired a majority equity position in Tax Advisors Group, LLC (TAG), a tech-enabled property tax advisory services provider. The transaction is described as a growth recapitalization and represents the second investment from Skylark’s inaugural fund.