Broad Sky Partners Invests in Smith + Howard Advisory LLC
November 15, 2022
Broad Sky Partners, a New York-based private equity firm, has made a strategic investment in Smith + Howard through Smith + Howard Advisory LLC. The investment will fund expansion of advisory services, geographic growth, and technology initiatives as Broad Sky builds Smith + Howard as a platform for future acquisitions and growth.
- Buyers
- Broad Sky Partners
- Targets
- Smith + Howard Advisory LLC (Smith + Howard)
- Platforms
- Smith + Howard
- Industry
- Professional Services
- Location
- Georgia, United States
- Transaction Type
- Growth capital
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TPG Growth invests in Smith + Howard (investor flip from Broad Sky Partners)
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TPG has signed a definitive agreement to make a significant investment in Smith + Howard through its middle-market and growth equity platform, TPG Growth. The investment is intended to support Smith + Howard’s national expansion, technology and AI integration, and growth of its advisory capabilities; Broad Sky Partners’ ownership stake is expected to be transferred as part of the investor “flip.” The transaction was expected to close in Q3 2026, subject to customary conditions.
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Smith + Howard Acquires Bauknight Pietras & Stormer (BPS) in South Carolina
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Smith + Howard, an accounting and advisory firm, announced its acquisition of Bauknight Pietras & Stormer, P.A. (BPS), one of the largest locally owned public accounting firms in South Carolina. The deal is intended to expand Smith + Howard’s Southeastern footprint and broaden advisory capabilities, with BPS transitioning to the Smith + Howard brand following closing.
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Smith + Howard Acquires Horton, Lee & Burnett
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Smith + Howard, a national tax, accounting, and advisory firm, announced its acquisition of Horton, Lee, Burnett, Peacock, Cleveland & Grainger (known as Horton, Lee & Burnett). The deal expands Smith + Howard’s presence into Alabama and broadens its full suite of audit, tax, and advisory services for clients in the Southeast. Terms were not disclosed and Horton, Lee & Burnett will transition to the Smith + Howard brand following the close.
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Smith + Howard Acquires Fahrenheit Advisors
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Smith + Howard Acquires VIP Search Group and VIP Solutions Group
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Smith + Howard has acquired VIP Search Group, LLC and VIP Solutions Group, LLC effective April 30, 2024. The acquisition expands Smith + Howard’s accounting and finance consulting, recruiting and interim management capabilities and broadens its geographic reach in the Dallas (Richardson), Texas market while VIP's founders remain in leadership roles.
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Smith + Howard Acquires JMM CPAs
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Smith + Howard, a national tax, accounting and advisory firm headquartered in Atlanta, acquired JMM CPAs, a specialty employee benefit plan (EBP) audit practice headquartered in Chicago, effective January 31, 2024. The combined EBP practice will serve over 500 plans and comprises 30 dedicated EBP employees, expanding Smith + Howard's national footprint and specialized EBP capabilities.
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