Top 30 accounting firm Aprio is expanding its presence in California by acquiring SND Partners, a Lafayette, CA-based accounting firm specializing in Affordable Housing Tax Credit and Housing and Urban Development audits.
Financial terms of the deal weren’t disclosed. As part of the deal, Atlanta-based Aprio adds three partners and nine professionals from SND. The move also adds to Aprio’s presence in California by complementing the firm’s existing offices in San Francisco, Los Angeles, and Walnut Creek. The SND team will remain in the Bay Area, joining Aprio’s Walnut Creek office.
“Our combination with SND Partners reflects Aprio’s continued commitment to expanding in markets where our clients need us most,” Aprio CEO Richard Kopelman said in a statement. “With California’s ongoing investment in affordable housing and new legislative requirements increasing demand for these services, combining with SND Partners allows us to scale our capabilities and deliver even greater value to this rapidly expanding market. Clients will benefit from access to a broader team, expanded service offerings, and tailored solutions. I am proud to welcome the SND Partners team to Aprio.”
“Affordable housing clients face increasing complexity—and they need advisors who truly understand the landscape,” added Alison Fossyl, Aprio’s national affordable housing leader. “By joining forces with SND Partners, we are bringing clients deeper insights, local knowledge, and the bench strength to support their growth in this high-demand environment.”
Initially formed in 1989 in response to the Tax Reform Act of 1986 that established the low-income housing tax credit, SND has delivered tailored audit and tax services for nearly four decades. The firm serves a broad range of for-profit and nonprofit organizations across real estate and community development sectors in Northern and Southern California, as well as Hawaii.
“Joining Aprio marks an exciting new chapter for SND Partners,” said Annette Spiteri, the firm’s managing partner. “We are passionate about serving affordable housing clients, and Aprio’s investment in technology, people, and process will enhance our ability to help deliver impactful solutions.”
Aprio announced last July that it was receiving private equity backing from Boston-based investment firm Charlesbank Capital Partners. Since then, the firm has gone on an acquisition spree, picking up JMS Advisory Group in Atlanta; Mangold Anker Phillips in Austin, TX; Nardone, Pridgeon and Co. in Baltimore; KRD and Burkett & Beattie in Chicago; cybersecurity firm Securitybricks; and Denver-based combinations with Pontiff + Associates and Elite Tax & Accounting.
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