Franklin Alliance has acquired Bement & Company CPAs to provide small accounting firms with an alternative to private equity funding.

Target Information

Franklin Alliance, a newly established operating company, is targeting the accounting sector to provide small and midsized firms with an alternative to traditional private equity investments. The firm has recently announced its acquisition of Bement & Company CPAs, located in Bountiful, Utah, marking its entry into the accounting profession. This acquisition represents a strategic move to aid small firms in scaling their operations without the pressure typically associated with private equity funding.

Industry Overview in the U.S. Accounting Sector

The accounting industry in the United States has witnessed significant transformations in recent years, with increasing demand for innovative ownership models. Traditional private equity has dominated the landscape, but many accounting firms are now exploring alternatives that allow them to maintain independence while accessing capital. This shift reflects a broader trend where firms seek sustainable growth strategies that align with their long-term goals.

As small and midsized accounting firms contend with rising operational costs and competitive pressures, the need for a supportive investment structure becomes acute. The industry i