January 16, 2024
DFW Capital Partners (“DFW”) announced today that it has completed an investment in Harris CPAs (“Harris” or the “Company”). Based in Idaho, Harris is a leading regional provider of accounting services including audit & assurance, tax, and advisory & consulting.
Concurrent with DFW’s investment, Michael J. O’Donnell, a DFW Operating Partner and three-time former DFW portfolio company CEO, joins the Company as Chief Executive Officer. “I am extremely excited to partner and work hand-in-hand with Josh Tyree, Robert Shappee, Cheryl Guiddy, and the rest of the Harris partners and staff,” said Mike. “The Harris team has laid a fantastic foundation with the right processes and culture, and with additional capital and support I am excited about our ability to accelerate growth while driving additional value to our staff, partners, clients, and other stakeholders.”
Brett Prager, Partner at DFW, said, “After conducting an extensive review of the accounting services industry, we identified Harris as an attractive partner due to their growth-oriented culture, seasoned management team, and impressive history of implementing client service improvements. We look forward to helping support the vision of the Harris management team to partner with like-minded CPA firms across the country and better address the industry-wide challenges and opportunities of talent support and retention, the rapid evolution and application of technology, and the increasing volume and complexity of client demand for high-quality accounting and advisory services.”
Ke Ding, Principal at DFW, added, “We were impressed by both the strategic vision of the Harris team and what they have already built – a high-quality organization that delivers excellent work for clients while empowering and supporting its staff and partners. We are extremely eager to work with the management team to expand upon those qualities to accelerate growth, both organically and via investment in other accounting services organizations who may also wish to accelerate their growth. If you are such a firm – we would welcome a conversation with you.”
About DFW Capital Partners
DFW Capital Partners is a private equity investment firm focused on lower middle-market companies with over $2 billion in assets under management. The firm concentrates on service companies, with an emphasis on healthcare, non-discretionary consumer services, outsourced business services, and industrial support services. DFW has established a 20+ year track record of success in building leading companies. DFW is headquartered in New York City and maintains an office in Chevy Chase, Maryland.
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