Private Equity Lifelines Spur Growth Among Accounting Companies

Eisner Advisory Group LLC CEO Charles Weinstein credits a private equity infusion for leading to some big wins for the accounting firm—revenue boosts to about $1 billion, a growing workforce in India, the purchase of 15 smaller firms, and more deals in the works.

It’s a formula other firms are following. Since Eisner’s deal, at least nine accounting firms have taken private equity money. Two deals from top 10 firms—Grant Thornton and Baker Tilly—happened in the last two months.

Selling stakes to private equity is in part a response to a worker shortage in an industry failing to ...