CohnReznick Acquired Aldrich Group of Companies
The deal adds over $100 million in revenue and establishes a new West Region for the firm.
Updated on Oct. 13, 2026 in Professional Services
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CohnReznick has announced the acquisition of Aldrich CPAs + Advisors and Aldrich Wealth, marking a significant expansion of its national footprint. The transaction adds $108 million in annual revenue and $8 billion in assets under management to the firm.
Why it matters
This merger strengthens the firm's presence in key Western states while bolstering its specialized service capabilities in construction, telecom, and agribusiness. It follows a significant private equity investment that has enabled the firm to pursue rapid growth strategies.
The acquisition adds 500 employees and 48 partners to the firm, which previously held 3,860 employees and 344 partners. Aldrich brings $8 billion in assets under management to the new West Region.
The players
CohnReznick
This advisory, assurance, and tax firm is headquartered in New York and serves a broad range of industries.
Aldrich CPAs + Advisors
Headquartered in Lake Oswego, Oregon, this firm provides accounting and wealth management services across the Western United States.
Apax Partners
This private equity firm provides capital and strategic support to growth-oriented businesses.
The details
The integration creates a new West Region for CohnReznick, expanding its office locations across Washington, Oregon, California, Utah, and Colorado. The move combines the No. 15 and No. 72 ranked firms on the 2026 Accounting Today Top 100 Firms list.
Timeline
CohnReznick received a private equity investment from Apax Partners in February 2025.
The acquisition of Aldrich is expected to close in mid-December 2026.
Market Landscape
This deal underscores an ongoing trend of consolidation within the professional services sector as firms seek to achieve scale and expand regional footprints. By integrating Aldrich, CohnReznick improves its competitive standing against other national top-tier accounting firms.
Existing clients of Aldrich should expect continuity in service as the firms integrate their operations and resources. The expanded national footprint may provide a broader array of specialized consulting services for businesses operating across the Western United States.
The takeaway
Large firms are increasingly utilizing private equity capital to accelerate growth through strategic acquisitions. Clients should monitor firm transitions to understand how expanded internal resources might influence their specific service offerings and billing structures.
What happens next
The acquisition of the Aldrich group of companies is expected to finalize in mid-December 2026.
Further reading
For more on industry consolidation, see the Professional Services section.
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