Accordion, an AI and data-powered financial consulting firm focused on private equity, has acquired FCM, an operator-led performance improvement firm known for large-scale value creation programs at private-equity-backed companies.
The deal brings together Accordion’s finance, analytics, and Office of the CFO heritage with FCM’s operational execution expertise, as sponsors push for faster and more certain outcomes across the investment lifecycle. Accordion said the combination strengthens its position as a value creation partner supporting private equity firms from diligence through post-close execution and long-term performance acceleration.
FCM adds about 50 professionals to Accordion, including leaders with former C-suite experience. The firm’s work spans operational diligence, post-close activation, and enterprise-wide transformation efforts across functions such as operations, technology, finance, human resources, sourcing, real estate, and program governance.
Founded in 2014, FCM said it has supported more than $100 billion in private equity transactions and helped deliver over $28 billion in new enterprise value. Accordion said the acquisition deepens its ability to drive hands-on performance improvement, complementing its existing capabilities in financial strategy, data and technology enablement, and AI-powered analytics.
Mitchell Habib, founder of FCM, will join Accordion and help guide the continued evolution of its Performance Improvement platform. Accordion executives said the combined offering is designed to drive performance beyond the finance function, reflecting private equity’s growing need for cross-functional execution that can deliver results at scale.
Financial terms of the transaction were not disclosed.
KEY QUOTES
“Accordion’s roots are in strengthening the financial foundations of private equity–backed companies, and our work has always extended into the practical execution required to drive performance. FCM brings additional operational depth from leaders who have run and transformed businesses. Their operator-led team augments our existing performance improvement capabilities and broadens the ways we help clients unlock value across the entire operating model.” “This strengthens what we already do and expands our ability to influence the operational areas that most directly determine a company’s trajectory… and its value.”
Nick Leopard, Founder & CEO, Accordion
“Performance improvement works best when it’s guided by people who have lived the complexity of running businesses. Accordion’s data-, technology-, and AI-powered capabilities strengthen the operator-first approach that has defined FCM. Together, we can deliver the level of impact sponsors and management teams expect in their most critical value creation moments.”
Mitchell Habib, Founder, FCM
“Today’s sponsors need a partner capable of influencing performance across an organization, not just within the finance function. By integrating FCM’s deep operational expertise with our existing hands-on approach, we expand the impact we can have across the business. Together, we strengthen our position as the partner private equity turns to when value creation truly needs to happen.”
Andrew Hede, President of Business Transformation & Transactions, Accordion
