Investcorp, a leading global alternative investment firm, in partnership with the Public Sector Pension Investment Board (PSP Investments), has made a strategic growth investment in PKF O’Connor Davies (PKFOD), one of the largest accounting, tax and advisory firms in the US.
This transaction represents a significant milestone for PKFOD, adding two experienced investors that will help fuel growth and expand service offerings to enhance the overall client experience.
This partnership will elevate the Organization’s competitiveness and amplify long-term sustainability. The strengthened balance sheet will provide flexibility for increased M&A activity as well as investing in cutting-edge technology and new service lines.
Investcorp has a well-established record of investing in specialized professional services firms with notable investments including AlixPartners, ICR, Resultant, United Talent Agency and CrossCountry Consulting.
Steve Miller Co-Head of North America Private Equity, Investcorp
“In recent years, Investcorp has established itself as a partner of choice for ambitious professional services organizations seeking to grow. Together with PSP Investments, with whom we have a history of investments in the professional services sector, and more than 200 PKFOD partners, we are excited to build upon the Organization’s decades of success.”
David Morin, Managing Director and Head of North America, Private Equity at PSP Investments, stated that, “We are excited to partner with Investcorp and PKFOD to provide strategic capital and work together in realizing PKFOD’s full potential during their next chapter of growth.”
Kevin Keane, Executive Chairman at PKF O’Connor Davies, commented that, “Since inception, our identity as an Organization has been our enduring commitment to service. This investment from Investcorp and PSP Investments further validates that we have an attractive business with a great brand, great talent, and great customers. Investcorp and PSP Investments have a long history of backing profitable, industry-leading companies with demonstratable growth avenues and were impressed by PKFOD and the culture that we have built.”
PKFOD will continue to operate in an alternative practice structure in accordance with applicable professional standards where PKF O’Connor Davies LLP, a licensed CPA firm, will continue to provide attest services and PKF O’Connor Davies Advisory LLC and its subsidiary entities will continue to provide tax and advisory services.
