EisnerAmper takes private equity money (2021)
EisnerAmper, a top-20 US accounting firm, sold a large stake to private equity firm TowerBrook Capital Partners. To keep its CPA license, the firm split into an audit entity and a separately owned advisory business.
EisnerAmper used the cash to buy more than a dozen smaller firms within three years.
The deal opened the door for outside investors and reshaped how big US accounting firms are owned.
It set the template Grant Thornton later used: split off the non-audit business so private equity can own and grow it.
