H.I.G. Capital Makes Strategic Investment in Accounting Firm HBK for Growth
On August 25, 2026, leading global investment firm H.I.G. Capital revealed a groundbreaking strategic investment in HBK, a prominent integrated accounting and wealth management firm in the United States. This partnership not only marks H.I.G. as HBK's first institutional partner but also signals a new era of growth and development for the firm. Founded in 1949, HBK consists of two primary entities: HBK CPAs & Consultants, a top-50 CPA firm in the U.S., and HBKS® Wealth Advisors, recognized as a Barron’s top 75 registered investment advisor. The firm also includes Vertilocity, its technology advisory branch. Together, these entities span across 27 offices in seven U.S. states and India, catering to a diverse clientele that includes both family-run businesses and high-net-worth individuals.
The infusion of resources from H.I.G. is expected to bolster HBK’s capabilities, particularly at a time when financial needs are becoming increasingly intricate. With a collective commitment to client-centered services and a rich professional culture, the existing partners at HBK will continue to lead the firm while gaining valuable operational support from H.I.G. This partnership aligns with H.I.G.'s substantial track record of managing over $75 billion in capital and successfully supporting the growth of middle-market companies through its operationally focused investment approach.
Tom Angelo, CEO of HBK CPAs & Consultants, expressed enthusiasm over the partnership, stating, “In H.I.G., we found a partner that shares our values and our vision for the future. With H.I.G.’s extensive resources, we can invest further in our team and technology, enhancing both client service and employee opportunities.” In a similar sentiment, Chris Allegretti, CEO of HBKS® Wealth Advisors, assured clients that they will continue to receive the same level of service and attention, affirming that the partnership will only serve to enhance their capabilities.
Chris Byrne, a Managing Director at H.I.G. Capital, shared his perspectives on the remarkable reputation and technical excellence that HBK has cultivated over the past 75 years. He expressed eagerness to collaborate with the HBK leadership team, recognizing their dedication to fostering a premier environment for both clients and employees.
To accommodate this new investment, HBK will implement an alternative practice structure, which is becoming increasingly common in the accounting industry. This structure allows for outside investment in non-attest services while ensuring that attest services remain under the control of CPA partners. Consequently, HBK's audit and review services will still be conducted by Hill, Barth & King LLC, which will retain its CPA ownership. This strategic move aims to maintain HBK’s longstanding culture while leveraging the benefits that H.I.G.'s investment will provide.
With HBK's legacy, which began over seven decades ago, and its establishment of a comprehensive suite of services ranging from tax advisory to business consulting, the firm’s trajectory seems promising with H.I.G. Capital in its corner. As the fourth quarter of 2026 approaches, the partnership will undergo the necessary regulatory approvals before fully realizing its potential, marking a significant milestone for both entities.
In conclusion, the strategic investment by H.I.G. Capital into HBK embodies a powerful collaboration designed to enhance client services while nurturing the firm’s cherished organizational culture. As HBK stands poised for expansive growth, it embodies a blend of seasoned expertise and innovative drive, making it an exciting time for current and future clients alike.
The infusion of resources from H.I.G. is expected to bolster HBK’s capabilities, particularly at a time when financial needs are becoming increasingly intricate. With a collective commitment to client-centered services and a rich professional culture, the existing partners at HBK will continue to lead the firm while gaining valuable operational support from H.I.G. This partnership aligns with H.I.G.'s substantial track record of managing over $75 billion in capital and successfully supporting the growth of middle-market companies through its operationally focused investment approach.
Tom Angelo, CEO of HBK CPAs & Consultants, expressed enthusiasm over the partnership, stating, “In H.I.G., we found a partner that shares our values and our vision for the future. With H.I.G.’s extensive resources, we can invest further in our team and technology, enhancing both client service and employee opportunities.” In a similar sentiment, Chris Allegretti, CEO of HBKS® Wealth Advisors, assured clients that they will continue to receive the same level of service and attention, affirming that the partnership will only serve to enhance their capabilities.
Chris Byrne, a Managing Director at H.I.G. Capital, shared his perspectives on the remarkable reputation and technical excellence that HBK has cultivated over the past 75 years. He expressed eagerness to collaborate with the HBK leadership team, recognizing their dedication to fostering a premier environment for both clients and employees.
To accommodate this new investment, HBK will implement an alternative practice structure, which is becoming increasingly common in the accounting industry. This structure allows for outside investment in non-attest services while ensuring that attest services remain under the control of CPA partners. Consequently, HBK's audit and review services will still be conducted by Hill, Barth & King LLC, which will retain its CPA ownership. This strategic move aims to maintain HBK’s longstanding culture while leveraging the benefits that H.I.G.'s investment will provide.
With HBK's legacy, which began over seven decades ago, and its establishment of a comprehensive suite of services ranging from tax advisory to business consulting, the firm’s trajectory seems promising with H.I.G. Capital in its corner. As the fourth quarter of 2026 approaches, the partnership will undergo the necessary regulatory approvals before fully realizing its potential, marking a significant milestone for both entities.
In conclusion, the strategic investment by H.I.G. Capital into HBK embodies a powerful collaboration designed to enhance client services while nurturing the firm’s cherished organizational culture. As HBK stands poised for expansive growth, it embodies a blend of seasoned expertise and innovative drive, making it an exciting time for current and future clients alike.
Topics Financial Services & Investing）
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