Insero Advisors LLC, a firm based in Rochester, New York, has received a strategic investment from Rallyday Partners, a private equity firm in Denver, to accelerate its growth and expand its service offerings.
With the investment, Insero plans to enhance its advisory services, integrate advanced technologies into its operations, double down on its "people-first" culture, and broaden its reach across new regions. Insero's strategy will include partnering with other like-minded public accounting, advisory, and professional services firms and adding more service lines for clients.
Following the closing of the transaction, Insero will operate an alternative practice structure in which Insero & Co. CPAs LLP, a licensed CPA firm, will provide attest services, and Insero Advisors LLC, will provide business advisory, tax and other non-attest services.
"Insero has always been committed to helping our clients succeed by providing solutions that address their unique challenges and opportunities," said Insero CEO Nancy Catarisano in a statement Tuesday. "We are excited for this next step as we lead the reinvention of the public accounting and consulting industries at a national level. This partnership with Rallyday is going to enable us to get to this vision faster and smarter, and we could not be more thrilled."
Insero ranked among the top firms in the Mid-Atlantic Region in Accounting Today's 2024 Regional Leaders list, with $23.7 million in revenue. The firm has frequently been ranked among Accounting Today's Best Firms to Work For over the past decade. Beyond enhancing client services, Insero plans to continue its investment in its people, offering employees opportunities to learn, innovate, and contribute to impactful projects with a great sense of purpose.
"We are honored and inspired to partner with Nancy and the team at Insero as they redefine what it means to be a modern accounting firm," said Rallyday managing partner Ryan Heckman in a statement. "Their clients consistently praise the firm's ability to deliver exceptional results through a unique blend of technical expertise, operational savvy, and unwavering integrity. Insero's commitment to innovation and personalized service truly sets them apart in the accounting and advisory space. They also share our dedication to the human side of business — prioritizing both employee development and meaningful client relationships — which makes this partnership even more compelling for Rallyday."
