Falcon Capital Partners, LLC (“Falcon”), a leading middle-market investment bank, is pleased to announce the closing of the previously announced combination of Kreischer Miller (the “Company”) with Ascend (“Ascend”). Falcon served as the exclusive financial advisor to Kreischer Miller.
Founded in 1975, Kreischer Miller has grown into one of the most respected accounting and advisory firms in the Greater Philadelphia region, built on deep client relationships, technical expertise, and a people-first culture. The firm provides advisory, audit and accounting, and tax services to clients throughout the Greater Philadelphia and Lehigh Valley areas.
Kreischer Miller primarily serves privately-held and family-owned businesses across a broad range of industries, including Manufacturing & Distribution, Construction, Real Estate, Government Contracting, Architecture & Engineering, Professional Services, the Investment Industry, and Not-for-Profit organizations. The firm is nationally recognized as a top workplace, having been named to Accounting Today’s Top Firms and Regional Leaders lists, and is consistently noted for its inclusive, growth-oriented culture and commitment to continuous learning and development.
Ascend is a modern growth platform for entrepreneurial CPA firms, offering capital, technology, and talent support to help firms stay independent while growing stronger together. With more than 22 partner firms and an infrastructure dedicated to supporting its network, Ascend has built a strong track record of helping leading regional accounting firms accelerate growth while preserving their independence and culture.
The combination with Ascend will provide Kreischer Miller with the tools, resources, capital and infrastructure it needs to grow and expand its client service capabilities while protecting the legacy and culture Kreischer Miller has built as a leading regional accounting firm.
Ted Stack, Managing Director at Falcon, stated, “We were pleased to serve as the exclusive financial advisor to Kreischer Miller. We congratulate Chris and the entire Kreischer team on the incredible firm and culture they have built and are excited to see what their partnership with Ascend will bring in the future.”
Chris Meshginpoosh, Managing Partner of Kreischer Miller, added, “Ted, Steve, and the entire Falcon team were outstanding partners throughout the process. They took the time to understand our partnership’s objectives, provided thoughtful guidance, and expertly executed the right transaction for our firm. We’re incredibly excited to partner with Ascend and for the opportunities ahead as we continue to grow and enhance the value we deliver to our clients.”
The terms of the transaction were not disclosed. This transaction represents Falcon’s continued expertise in advising complex partnership-structured transactions and another diversified financial services transaction. The Falcon deal team included Managing Director Ted Stack, Vice President Steve Wasylenko, Senior Associate Julian DeOliveira, and Associate Matt Dale.
For more information, please contact us.
Ted Stack | tstack@falconllc.com
Steve Wasylenko | swasylenko@falconllc.com