Los Angeles-based Elevate LLC, an investor-backed platform for accounting, tax and advisory firms, has made a strategic investment in TYS Advisors LLC, the non-attest business of TYS LLP, effective Aug. 1. The deal marks the official launch of Elevate’s national growth strategy.

With offices in Walnut Creek, Calif., and Rochester, N.Y., TYS is a well-regarded firm serving construction companies, privately held businesses and high-net-worth individuals. The firm is recognized for its construction industry specialization, bi-coastal presence and employee-centric culture.

“We could not have asked for a stronger first partner than TYS,” said Sanjay Agarwal, CEO and MP of Elevate. “They bring a powerful combination of regional depth, industry specialization and visionary leadership. Their construction industry expertise, bi-coastal footprint and employee-centric culture make them a perfect fit for Elevate.”

“We chose Elevate because their platform was built for firms like ours — entrepreneurial, focused and ready for what’s next,” said Tim Shortsleeve, partner at the Rochester office. “We were looking for a strategic partner who would bring capital, infrastructure and strategic support without sacrificing who we are — and Elevate delivered on all of that.”

Christopher York, founder and partner leading the Walnut Creek office, added: “We’re excited about the opportunity to grow with Elevate. Their team understands the profession, and they’re committed to building a long-term platform that puts firms and clients first.”

As part of the deal, TYS LLP will adopt an alternative practice structure: tax and advisory services will be delivered by TYS Advisors LLC, while attest services will remain with TYS LLP, an independently owned CPA firm.