Aprio Announces Strategic Growth Investment from Charlesbank Capital Partners
Summary
The transaction represents the first investment of institutional capital into Aprio.Aprios strong track record of client service, ability to attract top talent, and differentiated growth strategy have propelled it to the forefront of the accounting profession. Over the last three years, Aprio added 15 new locations globally and bolstered capabilities across many high-growth industries, including manufacturing and distribution; real estate; restaurant, franchise & hospitality; non-profit & education, high net worth/family office, and technology. Simultaneously, the partnership with Charlesbank will further enhance Aprios impressive organic growth trajectory and mergers and acquisitions track record, enabling continued geographic expansion and growth within strategic service capabilities and markets.As our profession continues to rapidly evolve, our partnership with Charlesbank is an important leap forward in our ability to bring state-of-the-art solutions to top business leaders, while making investments that will benefit our team, clients, and communities. Aprio is poised to advance to the next level, and we are excited about the opportunity to best serve our clients and fast-track our growth with a widely respected partner.Aprios deep commitment to client service and innovation over its 72-year history has made it a stand-out player in the accounting and business advisory space, and we have been thoroughly impressed by the focused leadership Richard and the partnership have demonstrated in achieving robust growth and building an unmistakable culture of excellence, said Michael Choe, Managing Director & CEO at Charlesbank. Across practices, Aprio brings together proven experience, deep understanding, and strategic foresight for industries including Manufacturing and Distribution; Non-Profit and Education; Professional Services; Real Estate; Construction; Restaurant, Franchise & Hospitality; Government Contracting, and Technology and Blockchain.