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Wipfli secures strategic investment from New Mountain Capital to accelerate growth, innovation and client solutions

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MILWAUKEE and NEW YORK, Aug. 1, 2025 ~ Wipfli LLP, a leading middle market provider of accounting, tax and advisory services, has announced a significant minority investment from New Mountain Capital. The investment firm, with approximately $55 billion in assets under management, will provide Wipfli with the resources to accelerate its growth and expand its investments in talent and technology.

This partnership is aligned with Wipfli's strategy of balancing deep relationships with bold investments in its people, technology and services. Over the past decade, the firm has tripled in size and completed 34 acquisitions, resulting in over $600 million in annual revenue. Wipfli's focus on meeting the demands of mid-market organizations has made it a leader in the professional services industry.

According to Kurt Gresens, Managing Partner of Wipfli, this investment marks the next chapter for the firm. "Wipfli has been on the offensive, scaling smartly and profitably," he said. "And now, we're accelerating the course we already set with this investment." Gresens believes that New Mountain's capital and support will allow Wipfli to deliver even greater value to their clients and people.

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Kelly Fisher, chief practice officer at Wipfli, explained that they chose New Mountain Capital as their partner because they recognized what makes Wipfli special - their culture of approachability that leads to deep relationships and breakthrough results. "We were intentional about finding a partner who values that," she said. "So we're positioned to expand our impact while preserving what makes us who we are."

New Mountain Capital is known for its focus on business building and long-term value creation. They have experience in scaling firms in the accounting sector and a disciplined approach to growth. Nikhil Devulapalli, managing director at New Mountain Capital, expressed their excitement about partnering with Wipfli's leadership team to accelerate growth through investments in talent, technology, and acquisitions.

Andre Moura, managing director at New Mountain Capital, highlighted the strong long-term growth potential in the accounting, tax and advisory profession. "In other investments in this space, we have been proud to support initiatives that grew client satisfaction, maintained the highest quality standards, invested in people, and expanded the breadth of service and technology capabilities," he said.

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The terms of the transaction were not disclosed and are subject to regulatory approval and other standard closing conditions. Following the closing of the transaction, Wipfli will operate in an alternative practice structure: Wipfli LLP will provide attest services while Wipfli Advisory LLC will provide business advisory and non-attest services. This structure is designed to support high-quality client service and maintain a focus on quality.

Guggenheim Securities, LLC is serving as financial advisor to Wipfli while Simpson Thacher & Bartlett LLP, Godfrey & Kahn SC and Hunton Andrews Kurth LLP are serving as legal advisors. William Blair and Koltin Consulting Group are serving as financial advisors to New Mountain Capital with Kirkland & Ellis LLP and Vedder Price P.C. acting as legal advisors.

This partnership between Wipfli LLP and New Mountain Capital marks a bold evolution for the firm as they continue to grow and expand their impact on clients and people. With a values-aligned partnership in place, Wipfli is poised for even greater success in the future.
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