Accounting firm UHY is on a buying binge — and it’s just getting started.
The strategy: pump fresh capital into cutting-edge artificial intelligence, roll up specialized firms across the country, and build a national brand that can go toe-to-toe with the industry’s giants — all while serving the millions of privately held businesses that keep America’s economy humming.
UHY isn’t wasting any time. The firm has already notched roughly 15 acquisitions and combinations since launching its growth push in the wake of the COVID-19 pandemic — a pace that’s brought new offices, fresh expertise, and a growing pipeline of clients hungry for more tax, advisory and outsourced-accounting services.
“There are massive differences between integrators like us and firms that are simply aggregating,” McCarty said. “At UHY, there’s no curtain — we’re one firm.”
UHY (is) carving out a sweet spot — a national, middle-market alternative to the Big Four, built specifically for closely held and privately owned businesses that have outgrown their neighborhood accountant but aren’t ready for a mega-firm.
Read the full article from Thomson Reuters.
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