Elliott Davis Partners with Flexpoint Ford
Elliott Davis, a prominent accounting and advisory firm based in the U.S., has established a strategic partnership with Flexpoint Ford, a well-known private equity firm focusing on financial services. This collaboration aims to propel Elliott Davis into a new era of growth and service expansion. The firm has proudly ranked among the top 50 accounting firms in the United States and is committed to enhancing its offerings and geographic footprint.
The partnership includes a significant growth investment from Flexpoint Ford, which is anticipated to facilitate Elliott Davis's ability to attract and retain top talent while significantly expanding the breadth of its service offerings. In conjunction with this investment, the firm will continue its mission of delivering exceptional service to both clients and team members. Existing shareholders will maintain a substantial ownership interest within the company, ensuring continuity in its vision and values.
A pivotal aspect of this announcement is the appointment of John Otten as the new Chief Executive Officer, effective July 1, 2025. Otten has dedicated 28 years to Elliott Davis, holding various leadership roles during his tenure. He succeeds Rick Davis, the firm's long-time leader who has steered Elliott Davis for over 18 years. Rick will now move into an advisory capacity, ensuring a smooth transition while continuing to provide insight and guidance. In comments regarding the leadership succession, Rick stated, "The future is bright with John at the helm. He has long been a trusted advisor to our clients and a respected leader within our firm. John lives our values and is fully prepared to guide Elliott Davis into its next chapter."
Under the new leadership structure, Elliott Davis will operate via an alternative practice model. The firm will continue to provide attest services through Elliott Davis, LLC, its licensed CPA entity. However, business advisory and non-attest services will be delivered by a separate entity named Elliott Davis Advisory, LLC, which will not operate as a licensed CPA firm. This strategic division aims to streamline operations and bolster the specialization of services offered to clients.
John Otten expressed his enthusiasm regarding the investment, stating, "This marks an important milestone for Elliott Davis. We are investing significantly in people, technology, and services to meet the evolving needs of our clients while ensuring that we remain a destination employer. Our partnership with Flexpoint Ford places us in a strong position for sustainable growth through both organic expansion and strategic acquisitions."
Flexpoint Ford is recognized for its successful investments in founder- and partner-led businesses across various sectors, particularly in financial services. The firm offers not only capital but also strategic insight and operational support to aid Elliott Davis in navigating the complexities and challenges of the contemporary accounting landscape.
Dominic Hood, Managing Director at Flexpoint Ford, highlighted the firm's client-centric approach, which he sees as a significant advantage. He noted, "Elliott Davis stands out for its client-first approach and one-firm culture—hallmarks of an exceptional professional services platform. We are thrilled to partner with John and the leadership team as they further develop the firm's legacy and drive its next phase of growth."
The expansion strategy will include continued emphasis on attracting and developing exceptional talent, alongside a disciplined and strategic approach to mergers and acquisitions intended to enhance capabilities and extend market reach.
Advisors for the deal included Guggenheim Securities, LLC, and Koltin Consulting Group for Elliott Davis. Legal counsel was provided by Nelson Mullins Riley & Scarborough LLP and Vedder Price P.C. Flexpoint Ford was advised by William Blair & Company, LLC, with legal counsel from Simpson Thacher & Bartlett LLP and Hunton Andrews Kurth LLP.
Elliott Davis, established in 1920, is headquartered in Greenville, S.C. The firm comprises over 800 professionals who deliver tailored solutions to diverse businesses and individuals throughout major U.S. markets and leverage global alliance resources. For further details, you can visit
Elliott Davis.
Flexpoint Ford specializes in middle-market investments focusing on financial services, business services, and healthcare, managing over $8.2 billion in assets. For more information, visit
Flexpoint Ford.