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 accelerate Wipfli's growth, enabling further investments in talent and technology, and fostering innovation to better serve its clients and people. The investment underscores Wipfli's commitment to maintaining its leadership in the professional services industry by scaling its operations and enhancing its service offerings.

With a history of nearly a century, Wipfli has grown into a national powerhouse, achieving over $600 million in annual revenue and completing 34 acquisitions in the past decade. The firm's advisory services now account for nearly half of its total revenue, reflecting its integrated approach to addressing complex business challenges. The investment from New Mountain Capital, a firm with approximately $55 billion in assets under management, represents a pivotal moment for Wipfli to scale its operations with purpose and extend its impact.

Kurt Gresens, Managing Partner of Wipfli, emphasized the strategic nature of the partnership, stating that it provides the firm with additional capital and confidence to expand its services. Kelly Fisher, chief practice officer at Wipfli, highlighted the cultural alignment with New Mountain Capital, noting the importance of preserving Wipfli's unique culture while pursuing growth. New Mountain Capital's Nikhil Devulapalli and Andre Moura expressed their admiration for Wipfli's growth track record and commitment to client service, underscoring the potential for further acceleration in growth through investments in talent, technology, and acquisitions.

The transaction, subject to regulatory approval, will see Wipfli operating in an alternative practice structure to ensure the highest standards of client service and quality. This strategic move is supported by a team of financial and legal advisors from both parties, including Guggenheim Securities, LLC for Wipfli and William Blair and Koltin Consulting Group for New Mountain Capital. For more information on New Mountain Capital, visit https://www.newmountaincapital.com/.