Atlanta-based IPA 100 firm Smith + Howard (FY24 net revenue of $74.2 million) announced that TPG, a global alternative asset management firm, has signed a definitive agreement to make a significant investment in the firm through TPG Growth, its middle-market and growth equity platform.

The transaction marks the next phase of growth for Smith + Howard, which has expanded through a combination of organic growth, acquisitions and investments in technology and operations alongside Broad Sky Partners. The firm now has approximately 800 professionals across Alabama, Georgia, North Carolina, South Carolina, Tennessee, Texas and Virginia.

Following the investment, Smith + Howard will continue operating under its current brand and leadership team. The firm said the investment will support continued expansion, including investments in technology, talent, operational infrastructure, client service capabilities and AI-enabled solutions.

Sean Taylor

“We are incredibly proud of what our team has accomplished over the past several years and are grateful to Broad Sky for their partnership during a critical phase of our evolution,” said Sean Taylor, CEO of Smith + Howard. “Through a combination of organic growth, strategic acquisitions, and continued investment in our capabilities, we have built a stronger, more diversified platform positioned to serve clients at every stage of growth. We’re excited to begin our next chapter with TPG. Their experience supporting high-growth professional services businesses, combined with their operational and technology expertise, makes them an ideal partner as we further invest in innovation and growing the firm.”

“Smith + Howard has established itself as a highly respected firm, defined by strong client relationships, a partner-led culture, and consistent growth,” said Max Wein, business unit partner at TPG Growth. “The firm has demonstrated a clear ability to grow thoughtfully while maintaining the service quality and culture that underpin its success. Its approach to growth, particularly its early investments in technology and AI-enabled capabilities, aligns closely with our business-building model and value creation strategy. We are excited to partner with Sean and the team to build on that foundation and support the firm’s long-term growth strategy.”

“It has been a privilege to work alongside Sean and the Smith + Howard team,” said Tyler Zachem, CEO and partner at Broad Sky Partners. “Smith + Howard is emblematic of Broad Sky’s investment strategy; partnering with strong management teams in essential, high-growth professional services markets to build larger, more strategically differentiated platforms. Sean and the team executed at every level, and we are proud of this outcome and excited for what comes next.”

The transaction is expected to close in the third quarter of 2026, subject to customary closing conditions and regulatory approvals.