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The archive

A new issue every Thursday at 7:00 a.m. Eastern, starting Nov. 5. Each one is posted here after it goes out to subscribers, with every source link intact.

Issue01

Thursday, Nov. 5, 2026

Who owns US accounting now: the map

A record 194 deals last year (Capstone Partners). Who is buying accounting firms, with whose money, and what it means for yours. The first issue maps the most active platforms, the capital behind them and the deals of the past two weeks.

In this issue

01The big picture in three numbers
02Who’s buying: the most active platforms and their backers
03Top deals, Sept. 29 – Oct. 14, 2026
04What it means for firm owners
05The data point: monthly deal flow
06One useful read

Issue02

Up next

The APS split, explained

The alternative practice structure is the mechanism behind PE deals in accounting: a CPA-owned attest firm keeps the audits, and a separate advisory company takes in the investor. What that changes for partners, told through three recent deals.

Planned

01The structure in one paragraph
02Three APS splits, up close
03What it means for partners

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