Abbott, Stringham & Lynch acquires ArightCo
The deal adds outsourced finance and accounting capabilities spanning bookkeeping to CFO support to the Sentinel Capital Partners-backed CPA firm’s client accounting services.
Takeaways
- ArightCo is a provides outsourced finance, accounting and strategic advisory solutions to mid-sized organizations.
- Abbott, Stringham & Lynch is acquiring ArightCo with backing from Sentinel Capital Partners.
- The target serves technology, SaaS, IT, manufacturing and non-profit sectors across San Jose, California.
Sentinel Capital Partners-backed Abbott, Stringham & Lynch (ASL) acquired ArightCo, adding outsourced finance and accounting solutions for mid-sized organizations to its client accounting services.
The San Jose, California-based target provides scalable support to clients in the technology, SaaS, IT, manufacturing and non-profit sectors, with an operating history dating to 2008.
ArightCo manages the full accounting function as an integrated extension of client organizations, handling day-to-day bookkeeping, third-party coordination, email correspondence and financial issue resolution.
Its service range runs from transactional work to CFO- and executive-level strategic advisory.
ASL is a full-service Silicon Valley CPA firm founded in 1977.
The platform serves emerging and middle-market privately held businesses and high-net-worth individuals, offering tax, assurance, estate planning, litigation support, succession planning and valuation services, with specialties that include real estate, construction, technology, manufacturing and renewable energy.
ASL Managing Principal Deepa Bhat said combining with ArightCo broadens service depth for mutual clients and reinforces the firm’s advisory commitment.
ArightCo Co-Founder Sushama Chowdhury added that the partnership gives clients access to wider resources and deeper expertise as their needs evolve.
The transaction was announced May 14.
Financing terms and advisors were not disclosed.
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