Aprio Expands Presence in California with Acquisition of SND Partners, LLP

Aprio, a prominent business advisory and accounting firm ranked 24th in the United States, has taken a significant step forward in its expansion strategy by acquiring SND Partners, LLP. Based in the San Francisco Bay Area, SND Partners is well-known for its expertise in Affordable Housing Tax Credit and Housing and Urban Development audits. This acquisition, announced on April 29, 2025, is set to enhance Aprio's capabilities in serving a growing market that demands specialized financial services.

Founded in 1989 in response to the Tax Reform Act of 1986, which instituted low-income housing tax credits, SND Partners has built a reputation over nearly four decades for providing customized audit and tax services to a diverse clientele, including both for-profit and non-profit organizations. Their unique access and service offerings have garnered them a solid standing in California and even Hawaii, catering to those in the real estate and community development sectors.

Richard Kopelman, CEO of Aprio, expressed that the union with SND Partners illustrates their commitment to growing in crucial markets that serve their clients’ needs. With California's ongoing investments in affordable housing, the demand for experienced services has risen in tandem with new legislative requirements for compliance and reporting. Kopelman noted, “By combining our strengths with SND Partners, we can scale our operations and provide even more value to clients in this booming market.” This merger is particularly advantageous as it allows clients to benefit from an expanded team, various service offerings, and tailored solutions.

SND Partners contributes an experienced team, including three partners and nine professionals who have in-depth knowledge of the affordable housing landscape. Their expertise will complement Aprio’s existing offices located in San Francisco, Los Angeles, and Walnut Creek, further solidifying Aprio’s foothold in California. The SND Partners team will continue to operate in the Bay Area, joining the established Walnut Creek office where they will bring their specialized skills to bear.

Annette Spiteri, the Managing Partner of SND Partners, remarked, “This new chapter for SND Partners is incredibly exciting. We are deeply passionate about supporting our affordable housing clients, and we believe that Aprio's commitment to investing in technology, talent, and processes will enhance our capabilities in delivering impactful solutions to them.”

The announcement also aligns with broader trends where affordable housing initiatives are facing increased complexities. Alison Fossyl, who leads Aprio's National Affordable Housing division, emphasized that clients in this sector require advisors who are well-versed in the regulatory and operational landscape. By assimilating SND Partners, Aprio aims not only to deepen insights and expand local knowledge but also to enhance its support for clients navigating these challenges.

This acquisition comes as part of Aprio's ongoing efforts to strategically expand its footprint across the country. Recent acquisitions have included firms such as JMS Advisory Group in Atlanta, and Mangold Anker Phillips in Austin, illustrating the firm's focus on broadening its capabilities and regional expertise. Each addition is a reflection of Aprio's dedication to providing enhanced value to entrepreneurs and businesses across vital markets.

In summary, the acquisition of SND Partners marks a pivotal development for Aprio, reinforcing their dedication to affordable housing and their growing influence in California's financial landscape. As they continue to invest in technology and human resources, Aprio is set to meet the evolving demands of the housing sector while delivering exceptional value to its clientele.

For more about Aprio, you can visit their website at Aprio.com.