With Apax Sale, CohnReznick Starts Building a National Platform

First rollup: Smith Schafer & Associates.

By CPA Trendlines Research

CohnReznick has closed its funding deal with Apax Partners, formally planting one of the world’s largest private equity firms inside the upper tier of the U.S. accounting profession.

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The transaction, three years in the making, positions Apax as the majority owner of CohnReznick’s non-attest business, while the firm’s audit and attest services remain separate.