UHY's Growth Boosted by Strategic Investment from Summit Partners

Strategic Investment Enhances UHY's Growth Potential

UHY, a prominent accounting, tax, consulting, and advisory firm, has recently made headlines following a strategic growth investment from Summit Partners. This infusion of capital will allow UHY to strengthen its workforce, upgrade technology, and enhance its offerings to clients. By facilitating both organic growth and strategic acquisitions, UHY is poised for an exciting evolution in its service capabilities.

UHY's Vision and Established Market Presence

Founded in 2000, UHY caters to a broad range of clients, including closely-held middle-market businesses and Fortune 500 companies. The firm is committed to providing tailored solutions that address the unique challenges faced by its diverse clientele. Over the past four years, UHY has achieved remarkable growth, completing numerous strategic acquisitions that have broadened its global network and enabled it to serve varying high-growth industries efficiently.

Recognition and Team Expansion

Currently ranked 29th on Accounting Today’s renowned list of Top 100 Firms, UHY operates nearly 40 offices and boasts a talented team of over 1,800 professionals across the United States. The firm’s expansion mirrors its commitment to providing top-notch services and innovative solutions tailored to the needs of its clients.

Leadership Perspectives on the New Partnership

Steve McCarty, the CEO of UHY, expressed enthusiasm about this partnership, stating that it marks the dawn of an exciting era for the firm. With the support of Summit Partners, UHY aims to amplify its operations and continue fulfilling its promise of high-quality service to clients. McCarty emphasized the importance of this new capital and the expertise that Summit brings in driving profitable growth.

Summit Partners' Role in UHY's Journey

Paul Furer, a Partner at Summit Partners, shared his confidence in UHY's established reputation as a market leader in accounting and advisory services. He praised the UHY leadership team for their ability to drive consistent organic growth and efficiently manage acquisitions. Furer underscored the firm’s commitment to building relationships that foster mutual success.

Cultivating Client Satisfaction and Service Excellence

UHY’s dedication to delivering exceptional service and ensuring client satisfaction has not gone unnoticed. McCarty pointed out that UHY is recognized for its quality of service and the satisfaction of its clients, showcasing the firm’s collective efforts towards nurturing a culture of excellence.

Looking Ahead

As UHY prepares to enter this new chapter, the firm continues to focus on expanding its expert teams and enhancing its position within the industry. The infusion of capital from Summit Partners positions UHY to set new benchmarks in service delivery and client engagement.

About UHY

UHY ranks among the largest professional service firms in the nation, specializing in accounting, tax, consulting, and advisory services predominantly to the dynamic middle market. Leveraging comprehensive experience across various industries, UHY provides its clients with holistic insights into their businesses and collaborates with them to develop creative, customized solutions aimed at overcoming challenges.

About Summit Partners

Summit Partners stands as a leading growth-focused investment firm, actively investing in various growth sectors since its inception in 1984. With a portfolio exceeding 550 companies in diverse areas such as technology and healthcare, Summit has a robust history of fostering profitable growth through strategic investments and partnerships.

Frequently Asked Questions

What does UHY do?

UHY provides accounting, tax, consulting, and advisory services to businesses of all sizes, focusing on tailored solutions to meet their unique needs.

Who is Summit Partners?

Summit Partners is an investment firm dedicated to supporting growth companies, with a strong track record across various sectors since 1984.

How will this investment impact UHY?

The investment enables UHY to enhance its team, improve technology, and expand its client service offerings to drive further growth.

What industries does UHY serve?

UHY serves a diverse client base, including closely held middle-market companies and Fortune 500 firms across numerous high-growth industries.

What is UHY’s growth strategy?

UHY’s growth strategy focuses on organic expansion and strategic acquisitions, aided by the support of partners like Summit.

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