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4 deals · Updated Fri, Oct 9, 2026 at 2:37 PM PDT·Full deal sheet
Add-on·Business Services/Consulting·October 7, 2026

CFGI adds BAO Consulting Group

Gives the Carlyle- and CVC-backed platform a Dallas presence and adds Office of the CFO services for management teams and private equity sponsors across Texas.

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BuyerCFGI
TargetBAO Consulting Group
SponsorCarlyle
TypeAdd-on
IndustryBusiness Services
Sub-sectorConsulting

CFGI, a Carlyle and CVC Capital Partners portfolio company, has acquired BAO Consulting Group, an accounting and finance advisory firm focused on Office of the CFO services. BAO operates from Dallas and Houston, Texas, serving management teams and private equity sponsors.

The combination gives CFGI a Dallas market presence and extends its service delivery across Texas. "Joining CFGI is a natural next step for BAO.

We built this firm on strong client relationships and a high-touch approach, and CFGI shares that commitment. Being part of a scaled, international organization gives our team a broader suite of capabilities, greater delivery capacity, and the resources to accelerate our next phase of growth," said Ben Amstein, Co-founder and Chief Growth Officer at BAO.