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May: From Negative K-1s to National Platform | Big 4 Transparency

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Manage episode 498625518 series 2907093
Content provided by CPA Trendlines. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CPA Trendlines or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

“CAS gets stronger as tech gets better. The market’s expanding, not shrinking.”

Big 4 Transparency

By Dominic Piscopo, CPA

For CPA Trendlines

In this episode of Big 4 Transparency, Matthew May, former co-founder of Acuity and now CAS Leader at Sorren, pulls back the curtain on one of the most significant private equity-driven rollups in the accounting profession. Speaking with host Dominic Piscopo, May details how Acuity, alongside other firms, became part of a growing national platform backed by DFW Capital, and why he believes Client Accounting Services (CAS) will soon eclipse audit.

The seeds of the Sorren platform were planted in a BDO Alliance roundtable where six firms fantasized about joining forces. That vision crystallized when DFW Capital, with a thesis to invest $100M in the space, entered the picture. From there, May and his partners at Acuity ran a rigorous process, engaging investment bankers to evaluate 250 potential paths, leading to 11 indications of interest (IOIs), seven in-person meetings, and five formal offers. The decision to join Sorren wasn’t about cashing out - it was about autonomy, cultural fit, and the chance to help shape a future-focused firm from the ground up.

  continue reading

503 episodes

Artwork
iconShare
 
Manage episode 498625518 series 2907093
Content provided by CPA Trendlines. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CPA Trendlines or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

“CAS gets stronger as tech gets better. The market’s expanding, not shrinking.”

Big 4 Transparency

By Dominic Piscopo, CPA

For CPA Trendlines

In this episode of Big 4 Transparency, Matthew May, former co-founder of Acuity and now CAS Leader at Sorren, pulls back the curtain on one of the most significant private equity-driven rollups in the accounting profession. Speaking with host Dominic Piscopo, May details how Acuity, alongside other firms, became part of a growing national platform backed by DFW Capital, and why he believes Client Accounting Services (CAS) will soon eclipse audit.

The seeds of the Sorren platform were planted in a BDO Alliance roundtable where six firms fantasized about joining forces. That vision crystallized when DFW Capital, with a thesis to invest $100M in the space, entered the picture. From there, May and his partners at Acuity ran a rigorous process, engaging investment bankers to evaluate 250 potential paths, leading to 11 indications of interest (IOIs), seven in-person meetings, and five formal offers. The decision to join Sorren wasn’t about cashing out - it was about autonomy, cultural fit, and the chance to help shape a future-focused firm from the ground up.

  continue reading

503 episodes

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