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Smith + Howard completes investor flip
['Paige Hagy Is A Reporter At Accounting Today Based In Brooklyn', 'New York. She Was Previously A Breaking News Reporter At Fortune Magazine. Prior', 'Technology Editor', 'Editor-In-Chief']
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Top 75 Firm Smith + Howard completed a flip of investors, with private equity firm Broad Sky Partners selling its stake to TPG, an alternative asset management firm.
Smith + Howard first announced this transaction back in June.
Notably, this flip moves Smith + Howard from a private equity investor to an alternative asset management investor rather than to another PE firm.
Smith + Howard CEO Sean Taylor"We are grateful for Broad Sky Partners' partnership," Smith + Howard CEO Sean Taylor said in a statement.
"We're proud of the growth Smith + Howard has achieved through our shared strategic plan, and the company is exceptionally well positioned for its next phase with TPG."