Private equity

McConnell Jones, the largest African American-owned CPA firm, is focused on expanding its geographic footprint as part of its growth strategy.

Using EBITDA – which is typically bigger than EBIT — would generate heftier tax deductions.

The possible rule changes would affect the alternative practice structures set up by accounting firms receiving private equity financing.

The Apax Partners deal will add more capabilities for the firm to expand geographically in its existing areas as well as new territory.

Firms everywhere are adopting alternative practice structures -- but who knows what an APS really is? William Kelly, chief counsel at Ascend, dives into the details.

The Top 50 Firm is acquiring a firm based in the northwest suburbs of Chicago that specializes in real estate clients.

The Top 25 Firm has acquired a firm that specializes in unclaimed property compliance and escheat process development, also based in Atlanta.

Springline Advisory, a PE-backed financial and business advisory firm, has partnered with EFPR Advisory, an accounting and business consulting firm in Rochester, New York.

The Top 25 Firm is the latest accounting firm to receive a private equity investment, in this case from funds advised by Apax Partners.

Maureen Churgovich Dillmore will oversee the expansion of Ascend's growth platform for regional accounting firms into new U.S. markets, effective Feb. 17.