Private equity firm TPG has agreed to make a sizeable investment in Atlanta‑based assurance, tax, advisory and wealth‑management provider Smith + Howard. The deal follows the firm’s earlier backing by Broad Sky Partners and signals PE’s growing appetite for mid‑market accounting practices. The capital injection aims to accelerate geographic and service‑line growth.

Smith + Howard now employs roughly 800 professionals spread across Alabama, Georgia, North Carolina, South Carolina, Tennessee, Texas and Virginia. The new funding will be used to open additional offices, broaden its advisory platform and deepen wealth‑management capabilities. Management will retain full control, preserving the firm’s brand and leadership structure.

The transaction underscores private‑equity confidence that professional services firms can deliver steady cash flow and scalable growth. With TPG’s backing, Smith + Howard is positioned to compete for larger corporate mandates and attract talent in a fragmented market. Investors now have a clearer benchmark for valuation of regional accounting outfits.

For TPG, the deal adds a platform with recurring revenue streams and cross‑sell opportunities into its existing portfolio of business‑services investments. The firm expects the partnership to generate incremental earnings within the next fiscal year, reinforcing its strategy to diversify beyond traditional technology and consumer holdings.