Atlanta-Based Accounting Firm Joins Private Equity Funding Trend

Atlanta-based Aprio LLP on Thursday became the latest accounting firm to announce an infusion of private equity cash, with Charlesbank Capital Partners buying a stake in the business.

Once regulators approve the deal, Aprio will use the undisclosed investment to offer advisory services beyond traditional accounting and tax work as well as to grow the firm; Aprio has a “significant” merger and acquisition pipeline, a spokesperson said.

The deal is expected to be finalized later this summer. Terms of the transaction were not disclosed.

• This is the latest private equity investment in a US accounting firm. New Mountain Capital ...