UHY: Strategic Funding Raised From Summit Partners

By Amit Chowdhry • Dec 3, 2024

UHY, a leading accounting, tax, consulting and advisory services firm, announced a growth investment from Summit Partners. This funding will support the continued expansion of UHY’s team, technology, and best-in-class client service offerings while helping to accelerate organic and acquisition-driven growth.

This funding also represents UHY’s first institutional capital, signaling a significant milestone in the firm’s growth and strategic development.

Launched in 2000, UHY serves a diverse client base ranging from closely held middle-market companies to Fortune 500 firms, offering tailored solutions designed to meet each business’s unique needs. And UHY has experienced significant growth over the last four years, completing 15 strategic acquisitions that have helped expand its global network to serve clients across numerous high-growth industries.

UHY operates nearly 40 offices with over 1,800 professionals across the United States. And through its global network, UHY International, the firm is represented in 334 offices across 96 countries.

KEY QUOTES:

“This partnership marks the beginning of a new and expanded era of growth for UHY. Together with Summit, we are focused on scaling our impact while continuing to deliver the highest-quality service and outcomes for our clients and colleagues. This new capital – and Summit’s commitment to operational excellence and deep experience supporting profitable growth – will help us accelerate our growth strategy, deepen relationships with existing clients, and set new standards in the dynamic middle market.”

“UHY is consistently ranked best-in-class for quality of service and client satisfaction, and we believe this is a testament to our service-focused team and the culture of excellence we’ve created. We are excited to continue growing our team and building on UHY’s position as an industry leader.”

  • Steve McCarty, CEO of UHY

“UHY has established itself as a highly respected, market-leading accounting, tax, consulting and advisory services firm built on a reputation for client service and innovation. We have been deeply impressed by UHY leadership, particularly by the team’s demonstrated ability to drive strong organic growth while building a strategic acquisition engine. We are thrilled to join forces with the UHY team to support the firm’s continued expansion.”

  • Paul Furer, a Partner at Summit who has joined UHY’s Board of Directors