Align Capital Partners (ACP) announced the formation of a specialty tax consulting platform by acquiring Cost Segregation Services (CSSI) and TaxIncennovations. The company’s core services include cost segregation, research & development tax credits, and energy efficiency tax credit consulting services.
CSSI is a national provider of cost segregation studies for commercial and residential property owners. And with a technology-enabled service model and a national network of 300+ external sales representatives, CSSI completes thousands of studies annually that help clients maintain tax compliance and optimize the cash flow of real property assets. ACP’s investment represents the first institutional capital in CSSI since its founding in 2003.
Along with the investment in CSSI, ACP also supported the Company’s acquisition of TaxIncennovations, which expanded the platform’s core service offering to include R&D tax credit and energy efficiency tax deduction consulting services.
The acquisitions of CSSI and TaxIncennovations mark a continuation of ACP’s attention to investing in high-impact professional service companies, building on the firm’s experience partnering with WilliamsMarston, Cleartelligence, and E Source.
Managing Partner Rob Langley, Operating Partner Ervin Cash, Vice President Dave Modi and Associate Ben Bryles also worked along with Beesley on the transactions. And CSSI was advised on the transaction by XLCS Partners, while Calfee, Halter & Griswold LLP advised ACP.
KEY QUOTES:
“CSSI has enjoyed twenty years of steady growth due to an unwavering commitment to client service. We see a tremendous opportunity to leverage ACP’s experience scaling professional service businesses, which is supported by an operating toolkit tailored toward investments in people, processes and technology. I am looking forward to guiding CSSI through its next phase of growth in partnership with ACP.”
- Matt Fossey, CEO of CSSI
“I am excited to join the CSSI team during this exciting phase of growth for our businesses. With CSSI’s national presence and robust technology solutions, we look forward to providing our clients with high-impact specialty tax services.”
- Brian Broussard, Managing Partner of TaxIncennovations
“We are excited about the opportunity to build a diversified specialty tax services platform, capitalizing on the strong foundation built at CSSI and TaxIncennovations. Together with management, we will continue to pursue strategic acquisitions of specialty tax practices to further expand the company’s service lines.”
- Align Partner Matt Beesley
