Key Takeaways
- • Platform Accounting Group secured $355 million in strategic growth financing led by Treville Capital Group to fund acquisitions, service expansion, and investment in technology and talent.
- • Other institutional participants include Vista Credit Partners, Siguler Guff, Aquiline, and Brightwood Capital Advisors, with existing investor The Cynosure Group also participating.
- • The company, founded in 2015 by CEO Reyes Florez, has completed more than 65 acquisitions and serves more than 50,000 clients through regional offices and specialized advisory practices.
- • The financing adds Treville partner Dan Bailey and former Global CEO of Deloitte Barry Salzberg to the Board of Directors.
Summary
Platform Accounting Group has secured $355 million in strategic growth financing led by Treville Capital Group, according to the company's announcement. The capital is intended to accelerate acquisitions, expand services, and increase investment in technology and talent across the company's national accounting and advisory platform. Vista Credit Partners, Siguler Guff, Aquiline, and Brightwood Capital Advisors are also institutional participants in the financing. The Cynosure Group, which made its original investment in Platform Accounting Group in early 2024, also participated.
Founded in 2015 by CEO Reyes Florez, Platform Accounting Group has grown by acquiring and partnering with boutique accounting and advisory firms, while allowing local offices to retain their brands, client relationships, and leadership. The company has completed more than 65 acquisitions since its founding and now serves more than 50,000 clients. Its offerings span tax, client accounting, audit and assurance, advisory, technology consulting, wealth management, and family office services. Its centralized operating platform provides member firms with technology, compliance resources, recruiting support, marketing capabilities, and operational best practices.
The financing also brings two additions to the board. Dan Bailey, partner at Treville and co-head of Treville Capital Solutions, will join alongside Barry Salzberg, former Global CEO of Deloitte, who also sits on the Thomson Reuters board and serves as a Strategic Advisor to Treville. Treville is a New York-based alternative asset manager focused on asset-based credit, capital solutions, and venture capital.
Perella Weinberg Partners served as financial advisor to Platform Accounting Group, Parr Brown Gee & Loveless as company legal counsel, and Choate Hall & Stewart as counsel to Treville. In the announcement, Florez said the financing gives the company "additional flexibility to expand our national footprint, invest in our people and technology." Bailey described Platform Accounting Group as having "built a highly scalable operating model, an impressive acquisition and integration platform and a strong reputation with firm owners across the country."
Founded in 2015 by CEO Reyes Florez, Platform Accounting Group has grown by acquiring and partnering with boutique accounting and advisory firms, while allowing local offices to retain their brands, client relationships, and leadership. The company has completed more than 65 acquisitions since its founding and now serves more than 50,000 clients. Its offerings span tax, client accounting, audit and assurance, advisory, technology consulting, wealth management, and family office services. Its centralized operating platform provides member firms with technology, compliance resources, recruiting support, marketing capabilities, and operational best practices.
The financing also brings two additions to the board. Dan Bailey, partner at Treville and co-head of Treville Capital Solutions, will join alongside Barry Salzberg, former Global CEO of Deloitte, who also sits on the Thomson Reuters board and serves as a Strategic Advisor to Treville. Treville is a New York-based alternative asset manager focused on asset-based credit, capital solutions, and venture capital.
Perella Weinberg Partners served as financial advisor to Platform Accounting Group, Parr Brown Gee & Loveless as company legal counsel, and Choate Hall & Stewart as counsel to Treville. In the announcement, Florez said the financing gives the company "additional flexibility to expand our national footprint, invest in our people and technology." Bailey described Platform Accounting Group as having "built a highly scalable operating model, an impressive acquisition and integration platform and a strong reputation with firm owners across the country."
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