WAYNE, PENNSYLVANIA – 8/5/2024
Falcon Capital Partners, LLC (“Falcon”), a leading middle-market investment bank, is pleased to announce the closing of the previously announced strategic investment in Aprio (the “Company”) by Charlesbank Capital Partners (“Charlesbank”). Falcon served as the exclusive financial advisor to Aprio.
Aprio’s strong track record of client service, ability to attract top talent and a differentiated growth strategy has propelled it to the forefront of the accounting profession. With a blend of industry-leading organic growth and a robust M&A track record, having completed 28 business combinations since 2016, Aprio was recently ranked by Accounting Today as a Top 25 CPA firm in the United States and the nation’s fastest-growing accounting firm in 2023.
Over the last three years, Aprio has added 15 new locations across the U.S. and internationally and bolstered capabilities across many high-growth industries, including Manufacturing and Distribution; Real Estate; Restaurant, Government Contracting, Franchise & Hospitality; Non-profit & Education, and Technology. Aprio is nationally recognized as a top workplace, often noted for its inclusive, growth-oriented culture and commitment to continuous learning and development.
Charlesbank, with offices in Boston and New York, is a leading middle-market private equity firm with over $15 Billion raised since its founding. Charlesbank has a strong track record in deploying a disciplined investment strategy and long-standing commitment to middle-market companies.
This investment from Charlesbank will act as a catalyst to Aprio’s already impressive organic and inorganic growth strategies, in conjunction with the ability to better serve the Aprio Team, its clients, markets, and communities.
Ted Stack, Managing Director at Falcon, stated, “we have worked with the Aprio board of directors and senior leadership in a strategic advisory capacity for several years. It has been a privilege to collaborate with such a talented and innovative group of professionals. We are excited for Richard Kopelman and the Aprio team to continue their journey with a likeminded investor in Charlesbank”.
Richard Kopelman, CEO of Aprio, added, “Ted, Steve and the rest of the Falcon team have been true partners with Aprio, challenging us to think creatively and apply our business values and mission to help create a truly unique approach to growth and value creation for our clients and team members. We couldn’t be more excited about partnering with Charlesbank to continue implementing our strategic vision for Aprio”.
The terms of the transaction were not disclosed. This transaction represents Falcon’s continued expertise in advising complex partnership-structured transactions. The Falcon deal team was led by Managing Director Ted Stack and Vice President Steve Wasylenko.
For more information, please contact us.
Ted Stack | tstack@falconllc.com
Steve Wasylenko | swasylenko@falconllc.com
