US-based business advisory and accounting firm Aprio has acquired SND Partners, a San Francisco Bay Area accounting firm.
SND Partners specialises in affordable housing tax credit and housing and urban development audits.
Financial terms of the deal have not been disclosed.
Established in 1989, SND Partners was created in response to the Tax Reform Act of 1986 and has since provided audit and tax services to a diverse client base in the real estate and community development sectors.
The firm, which has presence in Northern and Southern California, as well as in Hawaii, serves both for-profit and nonprofit organisations across real estate and community development sectors.
Aprio CEO Richard Kopelman said: “Our combination with SND Partners reflects Aprio’s continued commitment to expanding in markets where our clients need us most.
“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.”
The acquisition brings three partners and nine professionals from SND Partners into Aprio’s team.
The SND team will continue operations from the Bay Area.
Aprio expects the acquisition to boost its presence in California by complementing its existing offices in Los Angeles, San Francisco, and Walnut Creek.
SND Partners managing partner Annette Spiteri said: “Joining Aprio marks an exciting new chapter for SND Partners.
“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 national affordable housing leader Alison Fossyl said: “Affordable housing clients face increasing complexity – and they need advisors who truly understand the landscape.
“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.”
Recent additions to the firm include JMS Advisory Group; Mangold Anker Phillips; Nardone Pridgeon and Co; KRD and Burkett & Beattie; cybersecurity company Securitybricks; Pontiff + Associates; and Elite Tax & Accounting.
“Aprio acquires SND Partners” was originally created and published by International Accounting Bulletin, a GlobalData owned brand.
