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Private equity’s consolidation of small accounting firms has continued into 2025. Thirteen accounting and financial services firms, backed by capital from private equity fund DFW Capital Partners, have merged into one larger entity known as Sorren.
Sorren could potentially be one of the nation’s 50 largest accounting firms. The 13 firms bring in a combined $170 million in revenue, around as much as the nation’s 47th-largest firm, Doeren Mayhew.
Sorren will employ more than 1,000 people across 20 offices nationwide, and will also have offices in India, the Philippines, and St. Lucia. The firm will use an alternative practice structure, with one branch, Sorren CPAs, handling attest services, and the other, Sorren Inc., performing other nonattest services such as consulting.
Most of the firms that merged were members of the BDO Alliance and were familiar with one another before the combination took place, according to Accounting Today.
“There was a level of comfort,” Josh Tyree, who will be president of Sorren, told the magazine. “We knew all of our firms and our people and what we do and how we do it because we’d shared so much information over the years.”
Tyree was formerly president of Idaho-based Harris CPAs, the firm that got the ball rolling on the merger. Harris received funds from DFW Capital Partners in January of last year, and some of the 13 firms that became Sorren also joined with DFW in 2024 and 2025.
The firms share a focus on small- and medium-sized businesses and nonprofits, Accounting Today wrote. They vary, however, in size and in the services they offer. Georgia-based Acuity, for instance, bills itself as offering online accounting and bookkeeping services, and has more than 130 employees. JRJBF and Pisenti & Brinker each have around 25 employees. Roeser Accountancy, located in Fresno, CA, is a more traditional small accounting firm that names seven staff members on its website. And Hoerber Tillman is a two-person firm specializing in financial forensics and divorce.