Key Takeaways
- • Carlyle and CVC Capital Partners' CFGI platform has acquired BAO Consulting, a Texas-based accounting and finance advisory firm founded in 2021.
- • BAO provides accounting, CFO and controller support, financial planning and analysis, finance transformation, systems implementation, and transaction advisory services across Dallas and Houston markets.
- • The deal represents CFGI's continued expansion strategy in the lower middle-market professional services sector through add-on acquisitions.
Summary
Carlyle and CVC Capital Partners' CFGI platform has completed an acquisition of BAO Consulting, a Dallas-Houston based advisory firm specializing in accounting and finance services. Founded in 2021, BAO has built capabilities across multiple service lines including accounting and finance advisory, CFO and controller support, financial planning and analysis, finance transformation, systems implementation, and transaction-related services.
The transaction fits within CFGI's strategic positioning as a consolidator in the lower middle-market financial services space. The platform, backed by two leading global alternative asset managers, has been executing an add-on acquisition strategy to build scale and service breadth across key Texas markets. BAO's presence in both Dallas and Houston, combined with its transaction advisory capabilities, complements CFGI's existing service offerings and customer base.
Financial terms of the transaction were not disclosed in the announcement.
The transaction fits within CFGI's strategic positioning as a consolidator in the lower middle-market financial services space. The platform, backed by two leading global alternative asset managers, has been executing an add-on acquisition strategy to build scale and service breadth across key Texas markets. BAO's presence in both Dallas and Houston, combined with its transaction advisory capabilities, complements CFGI's existing service offerings and customer base.
Financial terms of the transaction were not disclosed in the announcement.
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