Pevita Pearce
Top 25 accounting firm Aprio has announced its acquisition of TGRP Solutions, a Denver-based advisory firm with a strong focus on serving middle-market, private equity-backed, and publicly traded enterprises across Colorado. This strategic move significantly expands Aprio’s advisory capabilities, particularly in the burgeoning Denver market, and further solidifies its commitment to building a comprehensive national Office of the CFO platform. The financial terms of the transaction were not disclosed.
This acquisition marks Aprio’s fifth in the Denver market and its eighth merger and acquisition (M&A) deal in 2026, underscoring the firm’s aggressive growth strategy. The year has already seen Aprio integrate Waldron H. Rand & Co., Isdaner & Co., Delap LLP, Hoffman, Stewart & Schmidt PC, the state and local tax team from TaxOps, CAVU Advisors, and Price Kong. The addition of TGRP Solutions is expected to further enhance Aprio’s ability to deliver integrated financial and operational solutions to businesses navigating complex growth phases.
Strategic Expansion of Aprio’s Advisory Services
The integration of TGRP Solutions is poised to sharpen Aprio’s advisory platform nationwide. According to a joint media release, Aprio and TGRP Solutions are collaboratively building a robust national Office of the CFO platform. This initiative is designed to empower clients with enhanced financial operations, more sophisticated strategic planning, and a holistic approach to managing their financial ecosystems.
The transaction brings over 70 seasoned professionals into Aprio’s advisory practice. This influx of talent is expected to significantly augment Aprio’s capacity to provide a suite of critical services. These include outsourced and fractional Office of the CFO services, specialized technical accounting support, comprehensive transaction advisory, and tailored talent solutions. These offerings are designed to support businesses at every stage of their growth trajectory, from early-stage ventures to established public corporations.
Furthermore, this expansion directly supports the formal establishment of Aprio’s unified Office of the CFO offering. This platform consolidates the firm’s existing accounting advisory and talent advisory capabilities under a single, cohesive framework. The aim is to proactively address the evolving and increasingly multifaceted needs of modern businesses, ensuring they have access to integrated expertise across finance, accounting, operations, legal, wealth management, and talent acquisition.
Key Leadership Joins Aprio
In conjunction with the acquisition, Mark Reister, founder and president of TGRP Solutions, Jim Lockhart, managing director of consulting, and Doug Nassif, director of placement and contract solutions, will join Aprio as partners. Their leadership and deep industry knowledge are expected to be instrumental in integrating TGRP’s operations and client relationships into the Aprio network.
Vision for Enhanced Client Support and Growth
Richard Kopelman, CEO of Aprio, emphasized the strategic imperative behind the acquisition, stating, "The demands on business leaders continue to evolve as organizations grow and adapt to new opportunities. By combining TGRP Solutions’ technical accounting capabilities with Aprio’s Office of the CFO vision, we are creating a more connected experience that helps companies navigate complexity and unlock opportunity. We are focused on bringing together finance, accounting, operations, legal, wealth, and talent to support growth at every stage of the business lifecycle." This statement, made on October 1st, highlights Aprio’s commitment to a comprehensive, client-centric approach.
Founded in 2010, TGRP Solutions has established itself as a trusted advisor to a significant segment of the middle-market and enterprise business landscape, including publicly traded companies. The firm has a proven track record of assisting clients in strengthening their financial operations, preparing for critical transactions such as mergers, acquisitions, or initial public offerings (IPOs), and successfully navigating periods of significant organizational change. TGRP’s core service offerings encompass Office of the CFO advisory, technical accounting expertise, IPO readiness services, transaction support, and vital staffing and recruiting solutions.
Mark Reister, expressing enthusiasm for the integration, stated, "This is an exciting next chapter for our team and the clients. We’ve built TGRP Solutions around talented people who are committed to helping clients succeed. By joining Aprio, we’re expanding the opportunities available to our team while bringing clients access to a broader set of resources and solutions to support their growth." This sentiment reflects the mutual benefits anticipated from the combination.
Aprio’s Growing Footprint in Colorado
Aprio’s presence in Colorado has expanded rapidly since its initial entry in July 2023 with the combination of Gomerdinger & Associates. This was followed by the additions of Pontiff + Associates and Elite Tax & Accounting in December 2024, and the integration of TaxOps’ SALT team in January 2026. Prior to the TGRP Solutions acquisition, Aprio’s Denver market operations comprised 35 team members across two offices located in Greenwood Village and Westminster, Colorado. The addition of TGRP Solutions significantly scales Aprio’s footprint and capabilities within the state.
Market Context and Implications of the Acquisition
The accounting and advisory services industry is undergoing significant consolidation, driven by several key factors. The increasing complexity of regulatory environments, the demand for specialized expertise in areas like technology, cybersecurity, and ESG (Environmental, Social, and Governance) reporting, and the ongoing need for robust financial and operational support for businesses experiencing rapid growth or undergoing transformative events are all contributing to this trend.
For middle-market and private equity-backed companies, the need for sophisticated financial guidance that extends beyond traditional accounting is paramount. These businesses often require strategic insights into financial planning, risk management, transaction execution, and the establishment of scalable back-office functions. The Office of the CFO model, whether fully outsourced or fractional, addresses this need by providing access to high-level financial expertise that may be cost-prohibitive to hire full-time.
Aprio’s strategic focus on building a national Office of the CFO platform positions it to capitalize on these market demands. By acquiring firms like TGRP Solutions, which possess specialized expertise and established client bases, Aprio can rapidly expand its service offerings and geographic reach. This approach allows Aprio to present a more comprehensive and integrated suite of services to a broader client base, thereby enhancing its competitive advantage.
The acquisition of TGRP Solutions is particularly significant for the Colorado market. As Denver continues to emerge as a hub for technology, finance, and other growth-oriented industries, the demand for advanced advisory services is escalating. Aprio’s substantial investment in the region, marked by multiple acquisitions, signals a long-term commitment to supporting the economic development and success of businesses operating in Colorado.
Broader Industry Trends and Future Outlook
The accounting industry is evolving from a traditional compliance-focused model to one that emphasizes proactive advisory and strategic partnership. Firms that can effectively integrate technology, offer a wide spectrum of specialized services, and demonstrate a deep understanding of their clients’ business objectives are best positioned for success. Aprio’s M&A strategy appears to be aligned with this industry shift, aiming to build a firm that can serve as a true strategic partner for its clients.
The emphasis on the Office of the CFO platform is a clear indicator of this strategic direction. By offering a holistic suite of financial management solutions, Aprio aims to empower businesses to not only meet their compliance obligations but also to drive growth, enhance profitability, and achieve their long-term strategic goals. The integration of talent advisory services further underscores this comprehensive approach, recognizing that human capital is a critical component of any business’s success.
The sustained pace of Aprio’s M&A activity suggests a well-defined strategy for market penetration and service expansion. Each acquisition is likely chosen to complement existing strengths and fill strategic gaps, contributing to a more robust and diversified service portfolio. As the economic landscape continues to present both challenges and opportunities, firms like Aprio that can offer integrated, high-value advisory services are poised to play an increasingly vital role in supporting business resilience and growth.
The integration of TGRP Solutions into Aprio represents a significant development in the advisory services landscape, particularly within the Colorado market. It highlights the ongoing consolidation within the industry and Aprio’s ambitious strategy to become a leading national provider of comprehensive financial and operational solutions, with a particular focus on the evolving needs of businesses seeking to optimize their financial leadership and strategic planning.
