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Smith + Howard Acquires Fahrenheit Advisors, Expanding Its National Presence and Service Offerings
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Subscribe11 DEC 2024 / M&A UPDATES
Smith + Howard Acquires Fahrenheit Advisors, Expanding Its National Presence and Service Offerings
Atlanta-based accounting and advisory firm Smith + Howard has acquired Fahrenheit Advisors, a Richmond, VA-based consulting firm specializing in business strategy, finance, human capital management, sales advisory, and executive search services. The acquisition, effective November 26, 2024, marks Smith + Howard’s fourth acquisition in 15 months and establishes its first office in the Mid-Atlantic region.
A Strategic Expansion
Founded in 2010, Fahrenheit Advisors has grown into a respected consulting firm with over 140 professionals. Known for its commitment to client success, operational excellence, and community impact, Fahrenheit brings new capabilities to Smith + Howard, including human capital management consulting, further broadening the firm’s advisory services. Fahrenheit will continue to operate under its existing brand as part of the Smith + Howard family.
“This acquisition is a key step in expanding our service offerings and national footprint,” said Sean Taylor, CEO of Smith + Howard. “Fahrenheit’s operational excellence, respected market position, and dedication to client success make them an ideal fit. We’re excited to partner with Keith, Rich, and their outstanding team to create new opportunities for our clients and colleagues.”
Cultural Alignment Drives the Partnership
Fahrenheit co-founders Keith Middleton and Rich Reinecke emphasized the importance of cultural alignment in choosing a growth partner. “Smith + Howard has a national reach and an exceptional reputation for doing more than expected,” said Middleton. “Like Fahrenheit, they are trusted advisors who create extraordinary value for clients and provide a great place to work for employees.”
Reinecke added, “Finding a partner who matches and lives the values that guide our firm was at the very top of our list. Smith + Howard’s commitment to results for clients, teams, and communities makes this partnership an exciting next phase of Fahrenheit’s journey.”
Growth-Focused Initiatives
The acquisition continues Smith + Howard’s expansion strategy, which has been supported by its 2022 partnership with Broad Sky Partners, the firm’s first external investor. Earlier this year, the firm also acquired Dallas-based VIP Search and Solutions, rebranding it as S+H Search and S+H
Consulting. These strategic moves have solidified Smith + Howard’s position as a leading national firm offering comprehensive accounting, tax, advisory, and consulting services.
About Smith + Howard
Smith + Howard is recognized as one of the Top 100 Accounting Firms by INSIDE Public Accounting and has been featured on its Best of the Best list for 14 consecutive years. Serving industries such as construction, manufacturing, technology, and real estate, the firm offers a wide range of services, including tax, audit, cybersecurity, R&D credits, international tax, and wealth management.
Advisors to the Transaction
BellMark Partners served as financial advisors to Fahrenheit Advisors. The financial terms of the deal were not disclosed.
Smith + Howard’s acquisition of Fahrenheit Advisors represents a significant step toward enhancing its capabilities and extending its national reach while staying committed to creating value for clients, employees, and the community.
Until next time…
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