Reverence Capital Partners acquires Eide Bailly
With over $800 million in revenue and 3,500 professionals across 50-plus offices, the top-20 accounting firm will use the investment to accelerate talent, technology, and infrastructure while maintaining leadership continuity.
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Takeaways
- Eide Bailly is a top 20 accounting and advisory firm providing tax, accounting, and business advisory services.
- Reverence Capital Partners is acquiring Eide Bailly.
- The source materials place the business in United States.
Reverence Capital Partners has made a platform investment in Eide Bailly, a top-20 U.S. accounting and advisory firm that has grown to over $800 million in annual revenue with more than 3,500 professionals operating from 50-plus offices since its founding in 1917.
Reverence Capital plans to invest in talent, technology, and infrastructure to accelerate the firm's growth and enhance client service capabilities, while Eide Bailly will continue under its existing leadership team, including Managing Partner/CEO Jeremy Hauk and Chief Operating Officer Andy Spillum.
"As the current stewards of a 109-year-old firm, it's important to us to leave it better for the next generation.
At its core, this is about staying focused on what our people and clients need from us — today and in the future," said Jeremy Hauk, Managing Partner/CEO of Eide Bailly.
Kirkland & Ellis and Vedder Price served as legal counsel to Reverence Capital; BMO Capital Markets acted as financial advisor and Hunton Andrews Kurth provided legal counsel to Eide Bailly.
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