US-based alternative asset management company TPG has agreed to make a “significant investment” in Smith + Howard, an accounting, tax and advisory practice.
Financial details of the investment have not been disclosed.
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The capital will come through TPG Growth, the company’s middle-market and growth equity platform.
TPG Growth business unit partner Max Wein said: “Smith + Howard has established itself as a highly respected firm, defined by strong client relationships, a partner-led culture and consistent growth.
“We are excited to partner with Sean and the team to build on that foundation and support the firm’s long-term growth strategy.”
Smith + Howard said the deal represents the next stage in its development into a national professional services platform, following several years of organic growth, acquisitions and spending on technology and operations with Broad Sky Partners.
The company has around 800 staff across Alabama, Georgia, North Carolina, South Carolina, Tennessee, Texas and Virginia. It has invested in operational systems, technology and talent to support expansion.
After completion, Smith + Howard will keep its existing brand and leadership team.
The company added that TPG’s proceeds will support its further expansion, including investment in infrastructure, technology and talent, as well as new and enhanced client services and broader growth initiatives.
The partnership is also expected to speed up AI adoption to streamline workflows, improve client experience and create additional capacity for staff.
Smith + Howard CEO Sean Taylor said: “We are excited to begin our next chapter with TPG.
“Their experience supporting high-growth professional services businesses, combined with their operational and technology expertise, makes them an ideal partner as we further invest in innovation and growing the firm.”
The transaction is expected to close in the third quarter of 2026, subject to customary conditions and regulatory approvals.
