Armanino LLP, one of the 20 largest independent accounting and business consulting firms in the U.S., announces plans to expand the firm’s private equity (PE) industry offerings and capabilities, led by Private Equity industry leader Bryan Graiff, who has previous experience leading Armanino’s Transaction Advisory service and will now focus entirely on supporting the rapidly growing PE sector. Armanino, which supports more than 1,200 portfolio companies across over 600 PE firms, sees an immense opportunity to provide a cross-selection of services to portfolio companies and act as the North Star through all phases of the investment cycle.
PE industry observers expect that by 2030, an estimated six out of 10 private businesses will engage in a succession plan, with private equity playing a large role in supporting these exits. In the short term, the macroeconomic landscape has shifted, moving the focus for PE from making acquisitions and cutting costs until they exit, to growing the revenues and improving the performance of existing portfolio companies. To address the changing needs of private equity firms and companies, Graiff’s strategic direction will focus on operational support and strategy road mapping to aid firms seeking growth strategies, operational efficiencies and preparing them to take advantage of technology opportunities as they appear.
“Armanino is one of the only firms that has the scale and knowledge to provide outsourcing support for any stage of a company in the private equity lifecycle,” says Bryan Graiff. “After years of rapid M&A activity and growth, we are seeing many in the PE industry trying to catch their breath and focus on operations to increase valuations. Armanino’s deep experience in these areas can support any business or PE firm as they prepare for windows of opportunity to capitalize, whether that be through a sale or an IPO. Additionally, we understand the industry-specific challenges of technology, manufacturing, real estate and healthcare portfolio companies and can add value for portfolio companies as well as PE sponsor firms in these sectors.”
The full suite of services Armanino provides includes everything from deal flow and holistic due diligence to exit strategy; Graiff’s team will focus on enhancing the resources Armanino provides to PE firms seeking portfolio support through unique outsourced and interim finance, accounting and FP&A services for companies and funds, technology and system implementation, enhancing ESG standards and reporting, cybersecurity and more, as well as implementing customer intelligence tools powered by AI.
“There is no one better suited to lead our Private Equity industry practice forward than Bryan Graiff,” remarked Matt Armanino, CEO and managing partner of Armanino. “As a former controller and C-suite executive at multiple companies involved in private equity, IPOs and acquisitions, Bryan understands the distinct needs of our clients on both the buying and selling sides, which gives him a great advantage in setting the strategic direction of our practice as we work to develop the best solutions possible to meet our clients’ evolving needs today and tomorrow.”
Learn more about Armanino’s Private Equity & Venture Capital industry solutions, including private equity new and emerging fund management support and exit stage planning for prospective sellers.
About Armanino LLP
Armanino LLP is one of the 20 largest independent accounting and business consulting firms in the nation. Armanino provides an integrated set of audit, tax, business management, consulting and technology solutions to companies in the U.S. and globally. The firm helps clients adapt and change in every stage of business, from startup through rapid growth to the sale of a company. Armanino emphasizes smart technology, leading a cloud revolution of financial, operational, sales and compliance tools that are transforming the way companies do business. Armanino is an independent member firm of Moore North America Inc. (MNA), which is itself a regional member of Moore Global Network Limited (MGNL), one of the world’s major accounting and consulting membership organizations. All the firms associated with MNA and MGNL are independent entities, owned and managed in each location. Their membership in, or association with, MNA or MGNL should not be construed as constituting or implying any partnership between them. In addition to its core consulting and accounting practices, Armanino operates its division, AMF Media Group (www.amfmediagroup.com), a media and communications services agency.
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Contacts
Trevor Davis, Gregory FCA for Armanino
215.475.5931
trevor@gregoryfca.com