Wipfli Announces Strategic Investment from New Mountain Capital to Fuel Growth and Innovation

Wipfli, a prominent middle-market provider of accounting, tax, and advisory services, has entered into a definitive agreement with New Mountain Capital for a significant minority investment. This partnership is set to propel Wipfli's growth trajectory, enabling further investments in talent and technology, and fostering innovation to benefit its clients and employees. The investment underscores Wipfli's commitment to scaling its operations and enhancing its service offerings in a competitive professional services landscape.

With a history of strategic growth, including 34 acquisitions over the past decade and a revenue surge to over $600 million annually, Wipfli has established itself as a leader in addressing the complex needs of middle-market organizations. The firm's advisory services, now accounting for nearly half of its total revenue, reflect its integrated approach to solving multifaceted business challenges. The investment from New Mountain Capital, a firm with approximately $55 billion in assets under management, is poised to accelerate Wipfli's expansion and innovation efforts.

Kurt Gresens, Managing Partner of Wipfli, emphasized the strategic nature of the partnership, stating, 'New Mountain gives us more capital and confidence to expand and deliver even greater value to our clients and our people.' Kelly Fisher, Wipfli's chief practice officer, highlighted the cultural alignment between the two firms as a key factor in the partnership's potential success.

New Mountain Capital's investment in Wipfli is part of its Strategic Equity initiative, focusing on non-control investments in leading companies. Nikhil Devulapalli and Andre Moura, managing directors at New Mountain Capital, praised Wipfli's culture, growth track record, and commitment to client service, expressing enthusiasm for the partnership's prospects.

The transaction, pending regulatory approval, will not alter Wipfli's majority partner-led ownership structure, ensuring the preservation of its culture and independence. Post-transaction, Wipfli will operate under an alternative practice structure to maintain high-quality client service standards. For more information on New Mountain Capital, visit https://www.newmountaincapital.com/.