Wipfli Accelerates Growth with New Mountain Capital Investment

Wipfli, a leading middle market provider of accounting, tax, and advisory services, has announced a significant minority investment from New Mountain Capital, a growth-oriented investment firm with approximately $55 billion in assets under management. This partnership aims to accelerate Wipfli's growth, enhance its investments in talent and technology, and foster innovation to better serve its clients and employees. Wipfli, with a nearly century-long legacy, has grown into a national powerhouse, achieving over $600 million in annual revenue and completing 34 acquisitions in the past decade. The firm's advisory services now account for nearly half of its total revenue, showcasing its integrated approach to solving complex business challenges.

The investment from New Mountain Capital, known for its focus on long-term value creation and business building, will support Wipfli's next phase of growth, including investments in talent, technology, and acquisitions. The transaction, pending regulatory approval, will allow Wipfli to operate in an alternative practice structure to maintain the highest client service standards. Key figures from both companies, including Kurt Gresens of Wipfli and Nikhil Devulapalli of New Mountain Capital, have expressed enthusiasm for the partnership's potential to drive further growth and innovation in the accounting and advisory sector.