Atlanta-based Frazier & Deeter said Monday it has acquired Copeland Buhl, an accounting and advisory firm in the Minneapolis area, marking its first expansion into the Midwest.
Financial terms of the deal weren’t disclosed.
This is the top 50 accounting firm’s first M&A deal in 2026. The firm made three acquisitions last year after securing a private equity investment from General Atlantic in April 2025.
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Frazier & Deeter officials say the addition of Copeland Buhl complements the firm’s full-service accounting and advisory platform while expanding its ability to serve clients throughout the Midwest and beyond.
“We are excited to welcome the Copeland Buhl team to Frazier & Deeter and to officially establish our first Midwest presence in the Minneapolis-St. Paul area,” Frazier & Deeter CEO Jeremy Jones said in a statement on May 4. “The Twin Cities represent a vibrant, growing marketplace with strong business fundamentals and an exceptional talent pool. This acquisition aligns with our long-term growth strategy to serve markets where people want to work and live, and strengthens our ability to deliver exceptional service to clients nationally while continuing to invest in local markets.”
“The addition of Copeland Buhl is an important step in expanding FD’s national platform,” added John Hightower, chief growth officer of Frazier & Deeter. “Their deep relationships in the marketplace, strong cultural alignment, and talented team position us well to accelerate growth and deliver expanded capabilities to clients across the region.”
Founded in 1971, Plymouth, MN-based Copeland Buhl has grown from a two-person operation into one of the top 300 accounting firms in the U.S. based on revenue. From emerging companies to established businesses and individuals managing generational wealth, Copeland Buhl delivers integrated accounting and advisory solutions tailored to client goals.
“Joining Frazier & Deeter creates tremendous opportunity for our clients and our people,” Nate Lilleodden, managing partner of Copeland Buhl, said in a statement. “We are thrilled to join a firm that shares our deep commitment to client service, quality, and long-term relationships. Becoming part of FD gives our team access to broader resources, expanded service capabilities, and a global platform while allowing us to continue serving the Twin Cities marketplace we love and know so well.”
Frazier & Deeter says it will fully integrate Copeland Buhl into its operational and support infrastructure, providing swift access to firmwide resources including technology, talent development, finance, marketing, and business development.
Photo credit: Frazier & Deeter
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