Schellman, a CPA firm providing certification and compliance services, has secured a private equity investment from Goldman Sachs Alternatives.
Financial details of the transaction were not disclosed.
However, Lightyear Capital, which became Schellman’s majority investor in 2021, will continue to participate as a minority shareholder upon completion of the transaction.
Schellman plans to use the proceeds to support growth and expand its services.
The company also aims to strengthen its workforce and expand its reach into additional sectors and geographies as it seeks to focus on “high-demand areas including AI governance, federal compliance and digital trust.”
Avani Desai, CEO of Schellman, said: “We are incredibly excited to partner with Goldman Sachs Alternatives.
“From the beginning, it was clear that they understand our vision, our culture and the opportunity ahead. Their global platform and long-term perspective will help us continue to carefully scale while maintaining the quality and integrity that define Schellman.
“We are also deeply grateful to Lightyear Capital for their partnership over the past four years. Their support and confidence in our team helped us position ourselves for this next chapter.”
Schellman noted that its current leadership team will remain in place, and existing customer commitments and service delivery are expected to continue without interruption.
The deal is expected to close in the second quarter of 2026, subject to customary regulatory approvals.
Commenting on the investment, Goldman Sachs Alternative Private Equity Technology Director and Partner Harsh Nanda said: “The firm’s technical leadership, focus on quality and long-term client relationships position Schellman well to capture growing global demand for its services.
“We are confident that Goldman Sachs Alternatives will be a value-added partner for Schellman and are excited to work alongside Avani and her team to grow the business while staying true to the values that have driven their success.”
“Schellman Secures Goldman Sachs Alternatives Investment” was created and originally published by International Accounting Bulletin, an imprint owned by GlobalData.
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