The transaction brings Aldrich CPAs + Advisors, about 48 partners and more than 500 employees, into the New York tax and consulting firm.
CohnReznick has agreed to add Aldrich's $8 billion wealth practice in a transaction expected to close in mid-December. The deal brings Aldrich CPAs + Advisors into the New York tax and consulting firm, along with about 48 partners and more than 500 employees.
CohnReznick's existing business is tax and consulting, so the wealth practice would be part of an accounting-led owner.
Reported by the Deals & PE desk from PWD deal coverage log (week deal coverage). Published . Corrections
VestGen Wealth Partners did not disclose the facility's size, while Waverly Advisors and Apella Wealth, both backed by Wealth Partners Capital Group, added RIAs in the same week.
Elevation Point typically takes a 20% minimum stake, while Concurrent bought $5.4 billion Spire as an asset purchase.
Blue Spark is Apella's 30th acquisition since 2014 and MCS is Waverly's 37th since a 2021 minority investment.
The three closings averaged $209.9 million, against $147 million for the four deals that were announced.
The four Oct. 26 Form Ds show $75,000 to $734,000 per series; iCapital and 8VC vehicles disclosed no sales.
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