H.I.G. Capital has agreed a strategic growth investment in HBK, one of the largest integrated accounting and wealth management firms in the US, becoming the firm's first institutional partner.

Founded in 1949, HBK pairs a Top 50 US CPA practice with a scaled wealth manager and technology advisory affiliate. Operating across 27 offices in seven states and India, it serves tens of thousands of clients. Before closing, HBK will adopt an alternative practice structure, keeping attest services within a CPA-owned firm while moving other services into HBK Advisory Group, allowing private equity investment while preserving CPA ownership of regulated audit work.

The investment reflects a broader trend of private equity consolidation in US accounting, with every firm on Accounting Today's Top 100 list in 2026 being private equity-backed. H.I.G., founded in 1993 and based in Miami, views HBK as a platform bet on continued professional services consolidation.

"HBK is one of the most respected firms in accounting and wealth management, with more than 75 years of technical excellence... we are thrilled to partner with Tom, Chris, and the entire HBK team to support the firm's next phase of growth," said Chris Byrne, Managing Director at H.I.G. Capital.