Platform Accounting Group secured $355 million in strategic growth financing to accelerate its national expansion and investment in technology, a move that follows the firm's acquisition of more than 65 boutique accounting practices since its founding in 2015. The funding round, led by Treville Capital Group, includes participation from several institutional investors and marks a significant capital injection for the Holladay, Utah-based firm.
Strategic Growth and Expansion
The financing round, announced by the company on Oct. 20, 2026, was led by Treville Capital Group, a multi-billion-dollar alternative asset manager. Other participating institutional investors included Vista Credit Partners, Siguler Guff, Aquiline, and Brightwood Capital Advisors. The Cynosure Group, which provided an $85 million funding round for the company in 2024, also participated in the latest round of financing.
Scaling National Operations
Platform Accounting Group, which ranks No. 41 on Accounting Today's 2026 Top 100 Firms list, intends to use the new capital to broaden its service offerings and increase investments in both technology and talent. The company currently serves more than 50,000 clients through a network of more than 50 offices. According to company reports, the firm provides services spanning tax, client accounting services, audit and assurance, advisory, technology consulting, wealth management, and family office services.
A History of Acquisitions
The company's growth strategy has focused on maintaining local relationships while providing centralized resources. Platform reported $215.7 million in revenue and employs over 1,100 people. Since its inception in 2015, the company has completed over 65 acquisitions. Recent acquisitions include The Hultquist Firm in South Carolina in July, Burke & Associates CPAs in Massachusetts and Accounting Specialists in Florida in May, Smeriglio Associates in Connecticut in February, and Riibner and Associates in Maryland in January.
Market Consolidation Trends
The financing arrives during a period of increased consolidation within the accounting sector. Capstone Partners reported a record 194 deals in 2025, with financial buyers taking a rising share of the market in 2026. Platform's latest funding round is noted for being in the top 5% of all U.S. fintech growth equity rounds on record.
Leadership and Governance
As part of the financing agreement, the company has expanded its board of directors. Barry Salzberg, the former global chief executive officer of Deloitte and a current board member of Thomson Reuters, has joined the board. Dan Bailey, a partner at Treville Capital Group and co-head of Treville Capital Solutions, also joined the board. Additionally, the company recently named Johanna Nielsen as chief financial officer to manage financial strategy, capital planning, and growth initiatives.
Executive Perspectives
Reyes Florez, the founder and chief executive officer of Platform Accounting Group, stated that the financing provides the flexibility needed to expand the company's national footprint and enhance capabilities for local clients. Dan Bailey, a partner at Treville Capital Group, said the firm's scalable operating model and reputation with firm owners make it well positioned to capitalize on long-term opportunities in the accounting profession.
Transaction Details
The financing was supported by several professional service firms, including Perella Weinberg Partners, which served as financial advisor to Platform Accounting Group. Legal counsel for the company was provided by Parr Brown Gee & Loveless LLP, while Choate Hall & Stewart LLP served as legal counsel to Treville.
