Performance Improvement Partners, a technology-focused mergers and acquisitions advisory and IT consulting firm serving middle-market private equity, has acquired AlphaAdvisors, a leading AI and data advisory firm. The acquisition scales and strengthens PIP’s AI and data capabilities, deepening its ability to deliver AI solutions and enterprise-wide data strategies tied directly to measurable value creation outcomes across the investment lifecycle.
AlphaAdvisors was founded by Tom Estella and Kyle Murphy and built a reputation for delivering use-case-specific AI and data solutions that transferred capability and knowledge to client organizations rather than creating ongoing dependency. Both founders will join PIP as Managing Directors and continue leading the AI and data practice. Financial terms were not disclosed.
PIP serves middle-market private equity firms and their portfolio companies across every stage of the investment lifecycle — from IT due diligence and transaction support through post-close transformation, hold cycle optimization, and exit readiness. The firm’s proprietary ValueBridge framework maps every IT and operational initiative to private equity value creation outcomes including EBITDA uplift, synergy capture, cost takeout, and exit multiple expansion. The acquisition of AlphaAdvisors adds significant depth, specialized expertise, and an expanded global delivery footprint to a platform that was already delivering results across AI-enabled diligence, application modernization, security detection, and data maturity analysis. For existing AlphaAdvisors clients, continuity is preserved: the same team, including Solution Architects, Technical Leads, and UI/UX Directors, continues without disruption.
PIP CEO Jason Gandy described the acquisition as more than scaling AI capabilities, characterizing it as hardwiring AI, data, and intelligence into how the firm delivers results for clients. He noted exceptional cultural alignment between the two organizations and praised the environment that Estella and Murphy had built at AlphaAdvisors. Estella and Murphy described joining PIP as a natural fit for their conviction that AI should drive real, measurable outcomes rather than ideas, noting that the combination creates a standard for how AI should deliver impact across the investment lifecycle.
The deal reflects growing demand from private equity firms for advisors who can apply AI not just to individual portfolio company problems but across the entire investment lifecycle, from screening and diligence through operations improvement and exit preparation. As AI becomes an increasingly important driver of operating leverage and competitive differentiation in portfolio companies, the firms that can translate AI capability into quantifiable EBITDA impact will command a premium.
KEY QUOTES:
“This is about more than scaling AI, it is hardwiring AI, data and intelligence into how we deliver results. By bringing AlphaAdvisors into Performance Improvement Partners, we are closing the gap between what is possible and execution and raising the bar on what clients should expect.”
Jason Gandy, CEO, Performance Improvement Partners
“We built AlphaAdvisors on the belief that AI should drive real, measurable outcomes, not just ideas. Joining PIP allows us to scale that philosophy alongside a team that shares our urgency around value creation and execution.”
Kyle Murphy and Tom Estella, Co-Founders, AlphaAdvisors
