Key Takeaways
- • Broad Sky Partners exits Smith + Howard investment through a sale to TPG Growth, an established private equity firm specializing in growth-stage investments across professional services and technology sectors.
- • TPG to make "significant" strategic investment in Smith + Howard, a Top 100 accounting firm headquartered in Atlanta with over 50 years of operating history in tax, accounting, and advisory services.
- • Transaction expected to close in Q3 2026 subject to customary closing conditions and regulatory approvals; financial terms were not disclosed.
- • Smith + Howard will operate under alternative structure post-closing, positioning the firm to accelerate its national expansion strategy with TPG's capital and operational support.
- • Max Wein led the TPG deal team, with William Blair and Baird & Co. serving as co-advisors on the transaction.
Summary
Broad Sky Partners is exiting its investment in Smith + Howard, a prominent Atlanta-based tax, accounting, and advisory firm, through a sale to TPG Growth. The transaction, announced in early June 2026, represents a significant ownership transition for the firm, which has maintained a reputation for world-class client service across its 50+ year operating history. Under Broad Sky's ownership, Smith + Howard experienced substantial expansion; the TPG investment is now positioned to accelerate this growth trajectory at a national scale.
TPG Growth, the growth equity division of TPG, has agreed to make a significant strategic investment in Smith + Howard to support the firm's expansion ambitions. The investment will enable the firm to operate under an alternative structure designed to facilitate broader market reach and service delivery capabilities. While the exact investment amount remains undisclosed, market sources consistently characterized the commitment as "significant," indicating a material capital commitment aligned with national scaling objectives.
The transaction is slated to close in the third quarter of 2026, subject to standard regulatory approvals and closing conditions. Max Wein led TPG's deal team, while advisory services were provided by William Blair and Baird & Co. as co-advisors. Broad Sky Partners' exit marks the conclusion of its investment cycle in the firm, during which Smith + Howard achieved status as a Top 100 accounting practice. The transition to TPG reflects broader consolidation trends in the professional services sector, where large private equity firms increasingly target established, mid-market accounting and advisory platforms to capture growth in tax, compliance, and strategic advisory services.
TPG Growth, the growth equity division of TPG, has agreed to make a significant strategic investment in Smith + Howard to support the firm's expansion ambitions. The investment will enable the firm to operate under an alternative structure designed to facilitate broader market reach and service delivery capabilities. While the exact investment amount remains undisclosed, market sources consistently characterized the commitment as "significant," indicating a material capital commitment aligned with national scaling objectives.
The transaction is slated to close in the third quarter of 2026, subject to standard regulatory approvals and closing conditions. Max Wein led TPG's deal team, while advisory services were provided by William Blair and Baird & Co. as co-advisors. Broad Sky Partners' exit marks the conclusion of its investment cycle in the firm, during which Smith + Howard achieved status as a Top 100 accounting practice. The transition to TPG reflects broader consolidation trends in the professional services sector, where large private equity firms increasingly target established, mid-market accounting and advisory platforms to capture growth in tax, compliance, and strategic advisory services.
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