Simpson Thacher is representing Wipfli LLP (“Wipfli”), a top 25 U.S. accounting and advisory firm, in connection with a strategic growth investment in its non-attest business by New Mountain Capital to accelerate growth, innovation and client solutions. The Firm has now been an adviser in nine transactions involving a top 25 accounting firm.
Wipfli is a leading middle market provider of accounting, tax and advisory services. With over 3,000 associates in 45+ offices across the U.S., Wipfli is known for blending trusted relationships with bold ideas over its nearly 100-year history to help clients and communities thrive, a strategy that has resulted in growth to over $600 million in annual revenue.
Following the closing of the transaction, Wipfli will operate in an alternative practice structure: Wipfli LLP, a licensed CPA firm, will provide attest services — and Wipfli Advisory LLC, which will not be a licensed CPA firm, will provide business advisory and non-attest services.
The Simpson Thacher team includes Ben Schaye, Timothy Gaffney, Samyel Lee, Carina Brown, Seya Lewis-Meeks and Xavier Grivel (M&A); Andrew Purcell and Andrew Mandelbaum (Tax); Larry Moss, Andrew Blau, Daniel Venditti, Courtney Thomson, Teri Tillman and Daniella Villatoro (Executive Compensation and Employee Benefits); Benjamin Persina (Credit); Caroline Geiger and Christian Bond (Intellectual Property); Peter Guryan, Kelly Karapetyan and Jamie Logie (Antitrust); and Steven DeLott (Insurance).