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KPMG Corporate Finance

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uuid000a22m

Namestring
KPMG Corporate Finance
Legal namestring
KPMG Corporate Finance LLC
Company typeenum
Private
Founded yearint
1987
Descriptiontext

KPMG Corporate Finance LLC is the US corporate finance arm and a Delaware limited liability company subsidiary of KPMG LLP, operating within KPMG International's global network of independent member firms. The firm functions as a leading global mid-market investment banking platform, providing M&A advisory, private equity advisory, financial restructuring, debt advisory, equity capital advisory, and special situations advisory services. Its client base spans middle-market corporates, private equity firms, and institutional investors across sectors including technology, manufacturing, automotive, environmental services, and software, with deal sizes generally under US$500 million per the Refinitiv mid-market definition.

The platform is staffed by 2,500+ M&A professionals across 80+ offices worldwide and is integrated with KPMG's broader Deal Advisory practice to deliver full-deal-cycle coverage. KPMG Corporate Finance has been ranked #1 in Refinitiv's Global Middle-Market League Tables for 25 consecutive years (2001-2025), completing 11,340 cumulative mid-market deals, narrowly ahead of PwC. The firm is a FINRA and SIPC member, enabling regulated execution of capital-raising and private placement mandates. Revenue is generated through negotiated advisory fees tied to transaction complexity, deal size, and scope, with no publicly disclosed pricing or revenue figures for the Corporate Finance entity specifically.

The firm complements its deal work with sector-specific thought leadership, publishing quarterly and ad-hoc industry updates spanning metals, credit markets, roofing, automotive aftermarket, and other verticals, and supports direct advisory distribution through relationship-led engagement rather than productized channels. Recent transaction activity includes mandates for Resilio (acquired by Nasuni), SafetyStratus, Greer Steel Company, Professional Automotive Relocation Services, Marki Microwave, Leverege, Vytex, and Enovert (acquisition of PMG Group SW Ltd). Strategic intent is to maintain leadership in global mid-market M&A advisory while broadening the wallet share captured per client through adjacent debt, equity, restructuring, and special situations capabilities.

Short descriptiontext

KPMG Corporate Finance LLC is the US mid-market investment banking arm of KPMG LLP, providing M&A, private equity, restructuring, debt and equity capital advisory, and special situations services to middle-market corporates and PE firms across 80+ offices worldwide, ranked #1 globally in mid-market M&A league tables for 25 consecutive years.

Operating statusenum
Operating
Ownership categoryenum
Headcount rangeband
5,001–10,000
akta.pro rankint
HeadquartersChicago, United States
HQ citystring
Chicago
HQ countrystring
United States
HQ regionstring
North America
Markets served

Serves global market

Offices1 record

Each record includes

City, Country, Type, Description, Source

Keyword5 values
middle-market investment banking, M&A advisory services, private equity advisory, financial restructuring advisory, debt and equity capital advisory
Industry4 codes
1FSAEAGAE
CodeFSAEAGAEPrimaryYes
2BPAHADAB
CodeBPAHADABPrimaryNo
3BPAHAOAE
CodeBPAHAOAEPrimaryNo
4BPAHADAM
CodeBPAHADAMPrimaryNo
NAICS code1 code
  • 523940
SIC code2 codes
  • 6211
  • 6282
Product category
Investment Banking / M&A Advisory
GTM motion1 record

Each record includes

Type, Description, Source

Revenue model1 record
1M&A Advisory Services
TypeProfessional Services
Description

KPMG Corporate Finance generates revenue through advisory fees for merger and acquisition transactions, including buy-side and sell-side mandates, private equity advisory, financial restructuring, and debt/equity capital advisory services.

corporatefinance.kpmg.com
Marketing channels2 records

Each record includes

Title, Type, Stage, Description, Source

Distribution channels1 record

Each record includes

Title, Type, Scope, Target buyer, Description, Source

Cost components5 values
Personnel, Operations, Marketing or Sales, Technology or R&D, Others
GTM typeB2B
B2B
Offering typeServices
Services
Core offering1 text field

KPMG Corporate Finance is a leading global middle-market investment banking platform providing M&A advisory, private equity advisory, financial restructuring, debt and equity capital advisory, and special situations advisory services. Its 2,500+ M&A professionals across 80+ offices deliver full deal-cycle support including valuation, due diligence, deal structuring, and execution for middle-market corporates and private equity firms. The firm combines deep sector knowledge with cross-border transaction capabilities and integrates with KPMG's broader Deal Advisory practice.

Differentiator
Functional benefit
Problem solved
Quantifiable outcome1 value
  • 11,340 mid-market deals completed 2001-2025, ranking #1 in Global Middle-Market League Tables
Product overview1 text field

KPMG Corporate Finance is a leading global middle-market investment banking platform that offers a unified suite of advisory services including M&A advisory, private equity advisory, financial restructuring, debt advisory, equity capital advisory, and special situations advisory. The platform is staffed by over 2,500 M&A professionals across more than 80 offices worldwide and leverages KPMG's broader Deal Advisory professionals. The company publishes industry-specific research reports covering sectors such as metals, roofing, automotive aftermarket, professional services, and government services. KPMG Corporate Finance LLC operates as a FINRA/SIPC member firm and has been ranked #1 in global middle-market league tables by Refinitiv for 25 consecutive years (2001-2025).

Product and service6 records
1M&A Advisory Services
CategoryM&A Advisory
Description

Mergers and acquisitions advisory services providing strategic guidance on transactions, valuations, due diligence, and deal execution for middle-market companies.

2Private Equity Advisory
CategoryPrivate Equity Advisory
Description

Advisory services for private equity firms including buy-side, sell-side, and platform investments, as well as add-on acquisition support.

3Financial Restructuring
CategoryRestructuring Advisory
Description

Financial restructuring advisory services including distressed asset transactions, creditor negotiations, and turnaround advisory.

4Debt Advisory
CategoryDebt Capital Advisory
Description

Debt capital advisory including financing solutions, refinancing, and debt restructuring for acquisitions and growth initiatives.

5Equity Capital Advisory
CategoryEquity Capital Advisory
Description

Equity capital markets advisory services for raising capital through public offerings, private placements, and strategic equity transactions.

6Special Situations Advisory
CategorySpecial Situations Advisory
Description

Advisory for complex, non-standard transactions requiring specialized expertise including distressed situations and unique deal structures.

Scale indicator3 records

Each record includes

Type, Value, Description, Source

Recent move6 records

Each record includes

Date, Type, Title, Description, Source

Expansion highlight5 records

Each record includes

Type, Description

Peers10 records
TypeDirect peer
Description

Global independent investment bank with a leading middle-market M&A advisory practice and significant restructuring and capital markets capabilities — the most direct competitor to KPMG Corporate Finance in mid-market league tables (ranked #3 globally with 8,071 deals 2001-2025).

TypeDirect peer
Description

Big Four corporate finance practice and closest peer by business model — global mid-market M&A advisory with deep sector coverage. Ranked #2 globally with 11,234 mid-market deals 2001-2025, directly competing with KPMG Corporate Finance on virtually every middle-market mandate.

TypeDirect peer
Description

Big Four M&A advisory practice ranked #4 globally with 7,293 mid-market deals 2001-2025. Directly comparable as a Big Four-affiliated middle-market investment banking platform with similar cross-sell advantages from audit and consulting practices.

TypeDirect peer
Description

Independent global investment bank focused on mid-market M&A advisory, private equity, and capital advisory. Directly comparable in target client base (middle-market companies and PE sponsors) and deal size focus, with strong cross-border capabilities.

TypeDirect peer
Description

Employee-owned investment bank with a large middle-market M&A advisory practice. Directly comparable in serving mid-market companies and PE clients across M&A, capital raising, and restructuring, with similar sector-vertical coverage.

TypeBroad incumbent
Description

Full-service investment bank with a significant middle-market M&A advisory franchise. Overlaps directly with KPMG Corporate Finance on mid-market M&A and capital advisory mandates, but operates more broadly across large-cap M&A, trading, and asset management.

TypeDirect peer
Description

Diversified financial services firm with a strong middle-market M&A advisory practice. Directly comparable in serving mid-market companies, private equity sponsors, and family-owned businesses with M&A and capital raising services.

TypeDirect peer
Description

Mid-market focused investment bank with M&A advisory and capital markets capabilities. Directly comparable in target client base and deal size, with active competition for middle-market sell-side and buy-side mandates.

TypeDirect peer
Description

Middle-market focused investment bank with M&A advisory, capital markets, and equity research capabilities. Overlaps with KPMG Corporate Finance on mid-market M&A mandates, particularly in consumer, healthcare, and technology sectors.

TypeBroad incumbent
Description

Global investment bank with a dedicated middle-market advisory practice (acquired from Cornerstone Research). Overlaps on mid-market M&A advisory, though Lazard's primary franchise is in large-cap M&A and restructuring, making it a broader incumbent rather than a pure direct peer.

Market position
Strengths4 records

Each record includes

Headline, Details, Source

Weaknesses4 records

Each record includes

Headline, Details, Source

Competitive moat5 records

Each record includes

Type, Details

Key risks5 records

Each record includes

Headline, Details, Source

Key highlights6 records

Each record includes

Headline, Details, Source

Customer concentration

Classification, Details

Named customers9 records

Each record includes

Name, Industry, Type, Use case, Source, UUID

Segment1 record

Each record includes

Title, Type, Primary, Description, Pain point addressed, Use case, Source

Ideal customer profile1 record

Each record includes

Profile, Firmographic size, Sales motion, Sales cycle length, Buying structure, Purchase trigger, Buyer persona, Geography, Industry vertical, Primary use case, Description, Pain points, Evidence proof points, Target buyer

Technology focused
No
API detail
Has APIbool
No

Docs URL, Description

AI maturity
App detail

Has app

Core technology
Revenue estimate
Valuation estimate
Number of profiles
Profiles3 records

Each record includes

Name, Designation, Designation category, Overview, Profile commentary, Source

No data
Compliance2 records

Each record includes

Name, Class, Description

Funding overview

Funding stage, Last funding date, Total funding USD

Funding rounds

Each record includes

Round, Amount USD, Date, Pre money valuation, Total investors, Investors, News

Investors

Each record includes

Name, Type, Date of entry, Rounds participated, Website

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Each record includes

Name, Acquisition type, Announced date, Completed date, Status, Website, News

Investment

Each record includes

Name, Round, Announced date, Lead investor, Website, News

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

KPMG Corporate Finance

Investment Banking / M&A Advisorycorporatefinance.kpmg.us

KPMG Corporate Finance LLC is the US mid-market investment banking arm of KPMG LLP, providing M&A, private equity, restructuring, debt and equity capital advisory, and special situations services to middle-market corporates and PE firms across 80+ offices worldwide, ranked #1 globally in mid-market M&A league tables for 25 consecutive years.

What KPMG Corporate Finance does

KPMG Corporate Finance LLC is the US corporate finance arm and a Delaware limited liability company subsidiary of KPMG LLP, operating within KPMG International's global network of independent member firms. The firm functions as a leading global mid-market investment banking platform, providing M&A advisory, private equity advisory, financial restructuring, debt advisory, equity capital advisory, and special situations advisory services. Its client base spans middle-market corporates, private equity firms, and institutional investors across sectors including technology, manufacturing, automotive, environmental services, and software, with deal sizes generally under US$500 million per the Refinitiv mid-market definition.

The platform is staffed by 2,500+ M&A professionals across 80+ offices worldwide and is integrated with KPMG's broader Deal Advisory practice to deliver full-deal-cycle coverage. KPMG Corporate Finance has been ranked #1 in Refinitiv's Global Middle-Market League Tables for 25 consecutive years (2001-2025), completing 11,340 cumulative mid-market deals, narrowly ahead of PwC. The firm is a FINRA and SIPC member, enabling regulated execution of capital-raising and private placement mandates. Revenue is generated through negotiated advisory fees tied to transaction complexity, deal size, and scope, with no publicly disclosed pricing or revenue figures for the Corporate Finance entity specifically.

The firm complements its deal work with sector-specific thought leadership, publishing quarterly and ad-hoc industry updates spanning metals, credit markets, roofing, automotive aftermarket, and other verticals, and supports direct advisory distribution through relationship-led engagement rather than productized channels. Recent transaction activity includes mandates for Resilio (acquired by Nasuni), SafetyStratus, Greer Steel Company, Professional Automotive Relocation Services, Marki Microwave, Leverege, Vytex, and Enovert (acquisition of PMG Group SW Ltd). Strategic intent is to maintain leadership in global mid-market M&A advisory while broadening the wallet share captured per client through adjacent debt, equity, restructuring, and special situations capabilities.

KPMG Corporate Finance firmographics

Firmographics
Name
KPMG Corporate Finance
Legal name
KPMG Corporate Finance LLC
Website
https://corporatefinance.kpmg.us
Company type
Private
Founded year
1987
Operating status
Operating
Headcount range
5,001–10,000 employees
Short description
KPMG Corporate Finance LLC is the US mid-market investment banking arm of KPMG LLP, providing M&A, private equity, restructuring, debt and equity capital advisory, and special situations services to middle-market corporates and PE firms across 80+ offices worldwide, ranked #1 globally in mid-market M&A league tables for 25 consecutive years.
Ownership category
akta.pro rank

Where KPMG Corporate Finance is headquartered

Location

Headquarters

HQ city
Chicago
HQ country
United States
HQ region
North America

Offices1 record

Markets served

KPMG Corporate Finance business model

Business model
GTM type
B2B
Offering type
Services
Cost components
Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

  1. M&A Advisory Services: KPMG Corporate Finance generates revenue through advisory fees for merger and acquisition transactions, including buy-side and sell-side mandates, private equity advisory, financial restructuring, and debt/equity capital advisory services.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

KPMG Corporate Finance product offering

Product offering

Core offering

KPMG Corporate Finance is a leading global middle-market investment banking platform providing M&A advisory, private equity advisory, financial restructuring, debt and equity capital advisory, and special situations advisory services. Its 2,500+ M&A professionals across 80+ offices deliver full deal-cycle support including valuation, due diligence, deal structuring, and execution for middle-market corporates and private equity firms. The firm combines deep sector knowledge with cross-border transaction capabilities and integrates with KPMG's broader Deal Advisory practice.

Product overview

KPMG Corporate Finance is a leading global middle-market investment banking platform that offers a unified suite of advisory services including M&A advisory, private equity advisory, financial restructuring, debt advisory, equity capital advisory, and special situations advisory. The platform is staffed by over 2,500 M&A professionals across more than 80 offices worldwide and leverages KPMG's broader Deal Advisory professionals. The company publishes industry-specific research reports covering sectors such as metals, roofing, automotive aftermarket, professional services, and government services. KPMG Corporate Finance LLC operates as a FINRA/SIPC member firm and has been ranked #1 in global middle-market league tables by Refinitiv for 25 consecutive years (2001-2025).

Differentiator

Problem solved

Functional benefit

Products and services

  • M&A Advisory Services Mergers and acquisitions advisory services providing strategic guidance on transactions, valuations, due diligence, and deal execution for middle-market companies.
  • Private Equity Advisory Advisory services for private equity firms including buy-side, sell-side, and platform investments, as well as add-on acquisition support.
  • Financial Restructuring Financial restructuring advisory services including distressed asset transactions, creditor negotiations, and turnaround advisory.
  • Debt Advisory Debt capital advisory including financing solutions, refinancing, and debt restructuring for acquisitions and growth initiatives.
  • Equity Capital Advisory Equity capital markets advisory services for raising capital through public offerings, private placements, and strategic equity transactions.
  • Special Situations Advisory Advisory for complex, non-standard transactions requiring specialized expertise including distressed situations and unique deal structures.

Quantifiable outcome

  • 11,340 mid-market deals completed 2001-2025, ranking #1 in Global Middle-Market League Tables

Companies that use KPMG Corporate Finance

Customer profile

Named customers9 records

Segments1 record

Ideal customer profiles1 record

KPMG Corporate Finance technology and API

Technology

Technology focussed No

API detail

Has API
No
API docs
API detail

Core technology

AI maturity

App detail

KPMG Corporate Finance partnerships and signals

Strategic signal

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

KPMG Corporate Finance competitors and assessment

Company assessment

Direct peers

  • Houlihan Lokey: Global independent investment bank with a leading middle-market M&A advisory practice and significant restructuring and capital markets capabilities — the most direct competitor to KPMG Corporate Finance in mid-market league tables (ranked #3 globally with 8,071 deals 2001-2025).
  • PricewaterhouseCoopers Corporate Finance (Deals): Big Four corporate finance practice and closest peer by business model — global mid-market M&A advisory with deep sector coverage. Ranked #2 globally with 11,234 mid-market deals 2001-2025, directly competing with KPMG Corporate Finance on virtually every middle-market mandate.
  • Deloitte Corporate Finance: Big Four M&A advisory practice ranked #4 globally with 7,293 mid-market deals 2001-2025. Directly comparable as a Big Four-affiliated middle-market investment banking platform with similar cross-sell advantages from audit and consulting practices.
  • Lincoln International: Independent global investment bank focused on mid-market M&A advisory, private equity, and capital advisory. Directly comparable in target client base (middle-market companies and PE sponsors) and deal size focus, with strong cross-border capabilities.
  • Robert W. Baird: Employee-owned investment bank with a large middle-market M&A advisory practice. Directly comparable in serving mid-market companies and PE clients across M&A, capital raising, and restructuring, with similar sector-vertical coverage.
  • Raymond James Investment Banking: Diversified financial services firm with a strong middle-market M&A advisory practice. Directly comparable in serving mid-market companies, private equity sponsors, and family-owned businesses with M&A and capital raising services.
  • Stifel Investment Banking: Mid-market focused investment bank with M&A advisory and capital markets capabilities. Directly comparable in target client base and deal size, with active competition for middle-market sell-side and buy-side mandates.
  • Piper Sandler: Middle-market focused investment bank with M&A advisory, capital markets, and equity research capabilities. Overlaps with KPMG Corporate Finance on mid-market M&A mandates, particularly in consumer, healthcare, and technology sectors.

Broad incumbents

  • Jefferies (Investment Banking): Full-service investment bank with a significant middle-market M&A advisory franchise. Overlaps directly with KPMG Corporate Finance on mid-market M&A and capital advisory mandates, but operates more broadly across large-cap M&A, trading, and asset management.
  • Lazard Middle Market Advisory: Global investment bank with a dedicated middle-market advisory practice (acquired from Cornerstone Research). Overlaps on mid-market M&A advisory, though Lazard's primary franchise is in large-cap M&A and restructuring, making it a broader incumbent rather than a pure direct peer.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

KPMG Corporate Finance social profiles

Digital presence

KPMG Corporate Finance compliance and trust

Trust signal

Compliance2 records

KPMG Corporate Finance financial estimates

Financial estimate

Revenue estimate

Valuation estimate

KPMG Corporate Finance leadership team

Management profile

Number of profiles

Profiles3 records

KPMG Corporate Finance funding detail

Funding detail

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

KPMG Corporate Finance M&A and investment

M&A and investment

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about KPMG Corporate Finance

What does KPMG Corporate Finance do?

KPMG Corporate Finance is a leading global middle-market investment banking platform providing M&A advisory, private equity advisory, financial restructuring, debt and equity capital advisory, and special situations advisory services. Its 2,500+ M&A professionals across 80+ offices deliver full deal-cycle support including valuation, due diligence, deal structuring, and execution for middle-market corporates and private equity firms. The firm combines deep sector knowledge with cross-border transaction capabilities and integrates with KPMG's broader Deal Advisory practice.

Is KPMG Corporate Finance a public or private company?

KPMG Corporate Finance is a private company. It is classified as corporate owned and is currently operating.

When was KPMG Corporate Finance founded?

KPMG Corporate Finance was founded in 1987. It employs 5,001 to 10,000 people.

Where is KPMG Corporate Finance based?

KPMG Corporate Finance is headquartered in Chicago, United States, in the North America region.

How does KPMG Corporate Finance make money?

One revenue line is on record: M&A Advisory Services.

Who are KPMG Corporate Finance's main competitors?

Direct peers on record are Houlihan Lokey, PricewaterhouseCoopers Corporate Finance (Deals), Deloitte Corporate Finance, Lincoln International, Robert W. Baird, Raymond James Investment Banking, Stifel Investment Banking and Piper Sandler. Broad incumbents are Jefferies (Investment Banking) and Lazard Middle Market Advisory.

Does KPMG Corporate Finance have an API?

No public API is recorded for KPMG Corporate Finance.

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Live signals
PR NewswireAt RelFest Chicago, Relativity Announces KPMG and Three Global Law Firms to Join Relativity claiR Advanced Access ProgramRelativity announced at RelFest Chicago that KPMG, Latham & Watkins, Ashurst Perkins Coie, and Troutman Pepper Locke joined the Advanced Access program for its conversational AI platform claiR. KPMG will be the first alliance partner, and the firms will help shape claiR ahead of its general availability in early 2027.Nate삼정KPMG, 정보 비대칭 해소 나서…'M&A센터 온라인' 개편 : 네이트 뉴스삼정KPMG fully redesigned its M&A online center on the 29th to help small and medium enterprises and M&A practitioners access information more easily. The redesign adds sections on M&A basics, transaction opportunities, and expert profiles with track records, aiming to reduce information asymmetry. The firm plans to expand AI-based market insights and offline seminars.New York PostKPMG places manager on leave after Bill Ackman shared video of her calling a man a ‘Zionist pig’KPMG placed assurance manager Yuen Lee on administrative leave after a video of her calling a man a 'Zionist pig' was shared by Bill Ackman. The video, posted by StopAntisemitism, shows Lee at Chelsea Piers Flatiron gym. KPMG said it is committed to an inclusive culture and is following its process.KPMGKPMG LLP Takes Minority Stake in Deepfake Detection Leader Reality DefenderKPMG LLP announced a minority equity investment in Reality Defender, a deepfake detection platform. The investment expands KPMG's cyber and fraud prevention capabilities to address AI-generated impersonation and synthetic media threats. The deal reflects KPMG's commitment to managing AI risk while clients capture AI value.InfoMoneyCom dívida de R$ 265 milhões, dono do Habib´s anuncia recuperação judicialThe Grupo Gennius, owner of Habib's, Ragazzo and Tendall Grill, said on Wednesday (26) that its request for judicial recovery was approved by the courts. The group owes R$265 million and has 60 days to submit a restructuring plan, or face bankruptcy. KPMG Corporate Finance was named judicial administrator and must report in 15 days.pegnCom dívida de R$ 265 milhões, Habib’s entra em recuperação judicialThe Gennius Group, owner of Habib's, Ragazzo and Tendal, entered judicial recovery with a declared debt of R$ 265.2 million, after a protective measure expired without a creditor agreement. Judge Jomar Juarez Amorim suspended actions and executions, appointed KPMG Corporate Finance as administrator, and set a 60-day deadline for a recovery plan.KPMGGreat companies secure great dealsKPMG Corporate Finance Partner David O'Kelly outlines three requirements to maximize deal value: a credible investment case, strong management depth, and operational readiness. He advises founders to prepare early, as quality matters more than timing, and recommends addressing management succession and compliance issues before selling.BNNMarket Outlook: M&A activity seen rising as Canada ramps up infrastructureKPMG Canada Corporate Finance released a report predicting stronger merger and acquisition activity in Canada for 2026, citing the nation's infrastructure agenda, easing interest rates, and ample capital as key drivers. The report found that approximately one-third of Canadian businesses plan to pursue a major acquisition, a historically high level of deal intent, with Canadian-to-Canadian transactions expected to dominate. Sectors such as infrastructure-related services, healthcare, and AI-linked software and digital infrastructure are anticipated to see the most M&A activity, though trade uncertainty and potential tariff risks remain a concern.KPMGRoofing ContractingKPMG Corporate Finance released its 2026 market and M&A perspectives report on the roofing contracting industry, describing it as a highly fragmented market estimated at $50–100 billion in size with top two operators representing only 4-6% combined. The report notes that while 2025 saw record transaction volumes, broader economic uncertainty, inflation, and artificial intelligence adoption remain key monitoring themes heading into 2026. The M&A environment remains active with interest from private equity, PE-backed platforms, and strategic acquirers targeting the fragmented competitive landscape.KPMGProfessional Services Industry Update Winter 2025Private equity investment in the U.S. accounting and CPA sector has accelerated significantly, with over $50 billion deployed over six years and 11 of the 30 largest accounting firms now PE-backed as of Q3-2025. Industry observers predict that over half of the top 30 accounting firms could have private equity investment by year-end, driven by opportunities in fragmented markets, succession planning needs, and talent scarcity challenges. KPMG Corporate Finance published this Winter 2025 update tracking PE investments in major accounting firms including Baker Tilly (Hellman & Friedman), CohnReznick (Apax Partners), EisnerAmper (TowerBrook), Citrin Cooperman (Blackstone), and Armanino (Further Global Capital).