Elevate LLC Invests in Gilmore Advisors LLC

LRQA Acquires ELEVATE from EQT Private Equity

January 26, 2022

Environmental Services

LRQA has entered into a definitive agreement to acquire ELEVATE, a Hong Kong–headquartered provider of ESG and supply chain services, from EQT Private Equity. The deal brings ELEVATE's assessment, advisory, program management and analytics capabilities into LRQA's global assurance platform to expand sustainability, supply-chain and data-analytics offerings; the transaction is subject to regulatory approvals.

New Mountain Capital Makes Growth Investment in Grant Thornton LLP

March 15, 2024

Accounting & Tax

New Mountain Capital has made a growth investment in Grant Thornton LLP to accelerate the firm's business strategy, support targeted investments in talent, technology and infrastructure, and enable strategic acquisitions. The transaction (subject to regulatory approvals) will adopt an alternative practice structure separating attest and non-attest services, and is expected to close in the second quarter of 2024.

Ascend (backed by Alpine Investors) Adds Gollob Morgan Peddy

January 5, 2026

Accounting & Tax

Ascend, a private-equity-backed platform for regional accounting and advisory firms, has integrated Tyler, Texas-based Gollob Morgan Peddy into its platform. The addition brings nine partners and approximately 100 professionals (FY24 net revenue of $17.3 million) to Ascend, expanding the platform's Southwest footprint; GMP will adopt an alternative practice structure with GMP Advisors (affiliated with Ascend) providing tax and business advisory services while attest services remain independently owned and licensed.

Hellman & Friedman and Valeas Capital Partners Invest in Baker Tilly US

February 5, 2024

Accounting & Tax

Private equity firms Hellman & Friedman and Valeas Capital Partners are making a strategic investment in advisory CPA firm Baker Tilly US, LLP. The minority growth investment (expected to close in early June 2024) will recapitalize the firm, restructure it into two entities, and provide capital to accelerate growth through talent, technology and further strategic acquisitions.

Elevate Acquires Downstream and GA

December 18, 2025

Professional Services

Elevate has acquired experiential design studio Downstream and luxury hospitality design studio GA, combining the firms into an expanded Elevate Creative with more than 250 designers, technologists, and strategists across North America, Europe, and Asia. The deal broadens Elevate's capabilities in immersive digital experiences and luxury hospitality design and appoints Chris Allphin as President of Elevate Creative.

Mimecast Acquires Elevate Security

January 4, 2024

Cybersecurity

Mimecast Limited has acquired Elevate Security to incorporate its human risk management platform into Mimecast's email and collaboration security offerings. Financial terms were not disclosed; Mimecast said the integration has begun and customers will see Elevate's technology integrated into Mimecast products in upcoming quarters.