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M&A roundup: Cherry Bekaert, Aprio, Platform, PP&Co expand

December 10, 2024
in Accounting
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M&A roundup: Cherry Bekaert, Aprio, Platform, PP&Co expand
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Aprio, a Top 50 Firm based in Atlanta, has acquired two firms, Pontiff + Associates and Elite Tax & Accounting, both based in Denver, effective Dec. 1, 2024, only a few months after receiving private equity funding from Charlesbank Capital Partners in July.

Both firms will join Aprio’s Denver office, which opened in 2023.

“Denver is an entrepreneurship hub and home to some of the country’s most successful companies, making it a terrific market for continued growth and expansion for Aprio,” said Aprio CEO Richard Kopelman in a statement Tuesday. “Pontiff + Associates and Elite Tax & Accounting have deeply rooted relationships across Colorado, and their collective experience will complement our existing, talented team in Denver and align well with client needs in the market and nationwide. We are thrilled to welcome both firms to Aprio.”

Pontiff + Associates PC focuses on tax planning and preparation, business valuation, and litigation support, serving clients primarily in the professional services and real estate industries. The firm includes four professionals and dates back to 1987.

“Being able to support our clients with a national platform is a tremendous advantage,” said managing partner Matt Pontiff in a statement. “Aprio has experienced remarkable growth in recent years, and it’s an exciting time to join the firm.”

Elite Tax & Accounting LLC offers tax preparation, client accounting services, and IRS and state tax resolution services, with many clients in the real estate sector. Its team includes 16 professionals.

“Aprio’s commitment to continuous professional development gives our team members access to unique career growth opportunities and advancement,” said Elite Tax & Accounting managing partner Troy Vigil in a statement. “We are excited about the future and the possibilities this combination brings for both our clients and our team.”

Aprio ranked No. 25 on Accounting Today’s 2024 list of the Top 100 Firms, with $420.79 million in annual revenue, over 200 partners and 1,850 professionals. 

In November, the firm expanded to Southern California by acquiring Kirsch Kohn Bridge, a firm based in Woodland Hills, effective Nov. 1. Aprio has completed over 20 mergers and acquisitions since 2017, adding Ridout Barrett & Co. last December, and before that, Antares Group, Culotta, Scroggins, Hendricks & Gillespie, Aronson, Salver & Cook, Gomerdinger & Associates, Tobin & Collins, Squire + Lemkin, LBA Haynes Strand, Leaf Saltzman, RINA and Tarlow and Co.

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