US-based accounting and business transformation firm Frazier & Deeter (FD) has secured a strategic growth investment from General Atlantic.
The investment also saw the participation of PSP Capital Partners and Aksia.
The investment is aimed at supporting FD’s multi-year strategic plan, with particular emphasis on enhancing client service offerings, and talent development.
The investment will also be used for technological innovation and geographic expansion through mergers and acquisitions.
The terms of the transaction have not been disclosed.
Frazier & Deeter managing partner Seth McDaniel said: “This investment positions FD to remain at the forefront of our sector’s evolution as we continue to invest in the technology and tools to best support our clients.
“As a Top Place to Work in the professional services industry, we remain committed to recruiting and retaining the best talent to enhance our ambitious growth plans, and we’re excited to partner with General Atlantic on this next phase of our journey to bring impactful solutions to market at an expanded scale.”
With a history spanning more than four decades, FD supports closely held businesses, family offices, and high-net-worth individuals.
FD has a presence in the US, UK, and India, and specialises in sectors including life sciences, real estate, technology, healthcare, and manufacturing.
Their service range encompasses tax planning and compliance, audit and assurance, C-suite strategy and support, and more specialised offerings such as forensic accounting, digital transformation, and cybersecurity compliance frameworks.
In addition, FD offers outsourced payroll, bookkeeping, and accounting services.
William Blair acted as the sole financial advisers to Frazier & Deeter for the transaction. Legal advice was provided by Vedder Price and Nelson Mullins Riley & Scarborough.
General Atlantic managing director and Financial Services Global head Paul Stamas said: “Frazier & Deeter has established itself as a preeminent accounting, tax, and advisory services firm, and we have been impressed with the firm’s strong operational foundation, client-centric approach, and entrepreneurial culture.
“We believe Frazier & Deeter is positioned to continue its strong growth, and we look forward to supporting the firm’s leadership, partners, and employees to advance the firm’s long-term ambitions.”
Meanwhile, General Atlantic received legal counsel from Paul, Weiss and Dechert, with Citizens M&A Advisory serving as financial adviser.
The latest announcement follows the recent appointment of Beth Lee Garner as a partner in FD’s National Employee Benefit Plan Audit Practice in February 2025.
