Key Takeaways
- • TPG Growth, the alternative asset manager's middle market and growth equity platform, has signed a definitive agreement to invest significantly in Smith + Howard, a nationally recognized assurance, tax, advisory, and wealth management firm headquartered in Atlanta with approximately 800 professionals across seven southeastern and Texas markets.
- • The investment positions Smith + Howard for accelerated national expansion and technology modernization following sustained organic growth and strategic acquisitions under prior partnership with Broad Sky Partners; financial terms were not disclosed.
- • Smith + Howard will maintain its existing brand identity and leadership team post-investment, with TPG's capital directed toward operational infrastructure, technology capabilities, talent acquisition, AI-enabled solutions, and enhanced client service offerings.
- • The firm has achieved recognition as one of the Fastest-Growing CPA Firms in the U.S. and continues advancing through Accounting Today's Top 100 rankings, providing TPG with an established platform in the professional services sector.
Summary
Smith + Howard, a regionally established professional services platform offering assurance, tax, advisory, and wealth management services, announced on June 9, 2026, that TPG Growth—the middle market and growth equity division of TPG Inc., a leading global alternative asset management firm—has entered into a definitive agreement to make a significant investment in the company. The transaction represents a strategic capital infusion into the professional services sector, though specific financial terms were not disclosed.
The investment marks an inflection point in Smith + Howard's growth trajectory. The firm currently operates approximately 800 professionals across Alabama, Georgia, North Carolina, South Carolina, Tennessee, Texas, and Virginia. Prior to the TPG investment, Smith + Howard had pursued a growth strategy combining organic expansion, strategic acquisitions, and substantial reinvestment in operational infrastructure and technology alongside its previous partner, Broad Sky Partners. The firm has achieved recognition as one of the Fastest-Growing CPA Firms in the U.S. and maintains a position on Accounting Today's Top 100 ranking.
TPG's capital will be deployed to accelerate Smith + Howard's transition into a scaled national professional services platform. Investment priorities include modernizing operational infrastructure, enhancing technology capabilities, strengthening talent recruitment and retention, deploying AI-enabled service solutions, and executing broader strategic growth initiatives. Critically for continuity, Smith + Howard will continue operating under its existing brand and existing leadership structure, positioning the transaction as a recapitalization rather than a management transition.
The timing of the investment reflects TPG's strategy in middle market professional services consolidation, a segment characterized by fragmentation and rising demand for scaled firms capable of serving multi-state client bases with sophisticated service delivery. For Smith + Howard, the partnership with TPG Growth provides access to substantial growth capital and operational resources while preserving founder and management autonomy—a structural arrangement increasingly common in professional services buyouts targeting sustained organic growth rather than rapid roll-up strategies.
The investment marks an inflection point in Smith + Howard's growth trajectory. The firm currently operates approximately 800 professionals across Alabama, Georgia, North Carolina, South Carolina, Tennessee, Texas, and Virginia. Prior to the TPG investment, Smith + Howard had pursued a growth strategy combining organic expansion, strategic acquisitions, and substantial reinvestment in operational infrastructure and technology alongside its previous partner, Broad Sky Partners. The firm has achieved recognition as one of the Fastest-Growing CPA Firms in the U.S. and maintains a position on Accounting Today's Top 100 ranking.
TPG's capital will be deployed to accelerate Smith + Howard's transition into a scaled national professional services platform. Investment priorities include modernizing operational infrastructure, enhancing technology capabilities, strengthening talent recruitment and retention, deploying AI-enabled service solutions, and executing broader strategic growth initiatives. Critically for continuity, Smith + Howard will continue operating under its existing brand and existing leadership structure, positioning the transaction as a recapitalization rather than a management transition.
The timing of the investment reflects TPG's strategy in middle market professional services consolidation, a segment characterized by fragmentation and rising demand for scaled firms capable of serving multi-state client bases with sophisticated service delivery. For Smith + Howard, the partnership with TPG Growth provides access to substantial growth capital and operational resources while preserving founder and management autonomy—a structural arrangement increasingly common in professional services buyouts targeting sustained organic growth rather than rapid roll-up strategies.
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