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[Funding News] Aprio Announces Strategic Growth Investment From Charlesbank Capital Partners

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Aprio, a leading business advisory and accounting firm, announced that it has received a strategic investment from Charlesbank Capital Partners, a middle-market private investment firm with more than $18 billion of capital raised since inception, to accelerate innovation and growth of the business. The transaction represents the first investment of institutional capital into Aprio.
Aprio, a leading business advisory and accounting firm, announced that it has received a strategic investment from Charlesbank Capital Partners, a middle-market private investment firm with more than $18 billion of capital raised since inception, to accelerate innovation and growth of the business. The transaction represents the first investment of institutional capital into Aprio.
Aprio, a leading business advisory and accounting firm, announced that it has received a strategic investment from Charlesbank Capital Partners, a middle-market private investment firm with more than $18 billion of capital raised since inception, to accelerate innovation and growth of the business. The transaction represents the first investment of institutional capital into Aprio.

Aprio, a leading business advisory and accounting firm, announced that it has received a strategic investment from Charlesbank Capital Partners, a middle-market private investment firm with more than $18 billion of capital raised since inception, to accelerate innovation and growth of the business. The transaction represents the first investment of institutional capital into Aprio.

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Charlesbank’s investment will seek to accelerate the Company’s growth and allow Aprio to further invest in the talent, technology, and corporate infrastructure required to continue delivering an excellent client and team member experience. Simultaneously, the partnership with Charlesbank will further enhance Aprio’s impressive organic growth trajectory and mergers and acquisitions track record, enabling continued geographic expansion and growth within strategic service capabilities and markets.

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“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 and entrepreneurs, while making investments that will benefit our team, clients, and communities. We are building the business advisory firm of the future, and Charlesbank shares our vision and commitment,” said Richard Kopelman, CEO. “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.”

“Aprio’s 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. “We look forward to leveraging our deep professional services expertise to work closely with Aprio in fueling further innovation and building a truly exceptional integrated professional services platform.”

Following the closing of the transaction, which is expected in late summer 2024, Aprio will operate an alternative practice structure. Aprio, LLP, a licensed CPA firm, will provide attest services, and Aprio Advisory Group, LLC, will provide business advisory, tax, and other non-attest services. Aprio, LLP will operate as a separate legal entity. Under this new structure, partners and professionals will continue to deliver integrated, seamless client experiences worldwide.

Falcon Capital Partners LLC served as sole financial adviser to Aprio. DLA Piper LLP, Vedder Price P.C., and Foley & Lardner LLP served as legal advisers to Aprio. Simpson Thacher & Bartlett LLP, Ropes & Gray LLP, and NewGate Law LLP served as legal advisors to Charlesbank. Guggenheim Securities LLC served as financial advisor to Charlesbank.

About Aprio

Founded in 1952, Aprio is a leading, full-service business advisory and accounting firm that advises clients on achieving what’s next. Aprio professionals work as integrated teams across advisory, audit, tax, outsourcing, talent solutions and private client services, bringing keen business intelligence and personal commitment to each client. Across practices, Aprio brings together proven experience, deep understanding, and strategic foresight for industries.

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