At a glance
- The transaction was effective April 24; Arbo disclosed the deal in an Aug. 19 release.
- Arbo already ran a two-sided business: Arbo Technologies automates IRS transcript retrieval and links compliance to accounting, while Arbo CPA supplies the human expertise.
- CEO Saurav Bhandari puts the thesis plainly: finance leaders need more than software, and more than advisory services alone.
Arbo has acquired Cone CPA Firm, adding tax strategy and fractional CFO services to its compliance platform. The transaction was effective April 24; Arbo disclosed the deal in an Aug. 19 release. Cone's team members, office locations, and client commitments carry over under the Arbo CPA name.
Arbo already ran a two-sided business: Arbo Technologies automates IRS transcript retrieval and links compliance to accounting, while Arbo CPA supplies the human expertise. Cone extends that advisory arm with enhanced tax planning, deep CPA guidance, and fractional CFO work. The company calls the result a single, connected ecosystem — one relationship instead of separate bookkeepers, tax preparers, and outsourced CFOs.
CEO Saurav Bhandari puts the thesis plainly: finance leaders need more than software, and more than advisory services alone. So Arbo is selling the pair together, with the transcript engine underneath. It is a standard consolidation sell in back-office services; the IRS-transcript hook is what makes it Arbo's own.
Reported by the Deals & PE desk from PR Newswire. Published . Corrections