Wipfli Secures Minority Investment from New Mountain Capital to Fuel Growth and Innovation

Wipfli, a leading provider of accounting, tax, and advisory services for the middle market, has announced a definitive agreement with New Mountain Capital for a significant minority investment. This strategic partnership is designed to accelerate Wipfli's growth, enabling further investments in talent, technology, and innovation to better serve its clients and workforce. The collaboration reflects a shared commitment to scaling with purpose and improving service delivery in the professional services industry.

Over the past decade, Wipfli has demonstrated remarkable growth, tripling in size and completing 34 acquisitions, positioning itself as a key player in addressing the complex needs of mid-market organizations. With advisory services now accounting for nearly half of its total revenue, Wipfli's integrated approach to solving business challenges has set it apart. The investment from New Mountain Capital, a firm with approximately $55 billion in assets under management, represents a significant milestone for Wipfli, offering the resources to further its growth and impact.

Kurt Gresens, Managing Partner of Wipfli, highlighted the strategic importance of the partnership, noting that New Mountain Capital brings not only capital but also the confidence to expand and deliver greater value. Kelly Fisher, Wipfli's chief practice officer, pointed to the alignment in values and culture as a critical factor in choosing New Mountain Capital as a partner. This investment is expected to bolster Wipfli's efforts in talent development, technology enhancement, and strategic acquisitions, all while preserving its culture and independence.

Nikhil Devulapalli and Andre Moura of New Mountain Capital expressed their excitement about the partnership, praising Wipfli's strong growth trajectory and dedication to client and employee success. The transaction, which is subject to regulatory approval, will involve Wipfli operating under an alternative practice structure to maintain the highest standards of client service and quality. This move not only underscores Wipfli's ambitious growth objectives but also highlights the robust potential of the accounting and advisory services sector.

For more information on Wipfli's services and growth strategies, visit https://www.wipfli.com. Details about New Mountain Capital's investment philosophy can be found at https://www.newmountaincapital.com.