Align Capital Partners Establishes Specialty Tax Platform via 2 Acquisitions

Allied Capital Partners’ core services lines include cost segregation, research & development tax credits, and energy efficiency tax credit consulting services.

Dallas and Cleveland-based Align Capital Partners announced the formation of a specialty tax consulting platform with the acquisitions of Baton Rouge, Louisiana-based Cost Segregation Services Inc. (CSSI) and TaxIncennovations LLC.

Allied Capital Partners’ core services lines include cost segregation, research & development tax credits, and energy efficiency tax credit consulting services. No financial terms were released.

“CSSI has enjoyed 20 years of steady growth due to an unwavering commitment to client service,” remarked Matt Fossey, CEO of CSSI. “We see a tremendous opportunity to leverage ACP’s experience scaling professional service businesses, which is supported by an operating toolkit tailored toward investments in people, processes and technology. I am looking forward to guiding CSSI through its next phase of growth in partnership with ACP.”

CSSI is a national provider of cost segregation studies for commercial and residential property owners.

The company said that with a technology-enabled service model and a national network of over 300 external sales representatives, it completes thousands of studies each year that help clients maintain tax compliance and optimize the cash flow of real property assets. ACP’s investment represents the first institutional capital in CSSI since its founding in 2003, the company said.

Adding specialty tax services

Alongside the investment in CSSI, ACP also supported the acquisition of TaxIncennovations, which expands the platform’s core service offering to include research & development tax credit and energy efficiency tax deduction consulting services.

“I am excited to join the CSSI team during this exciting phase of growth for our businesses,” Brian Broussard, managing partner of TaxIncennovations, said in a statement. “With CSSI’s national presence and robust technology solutions, we look forward to providing our clients with high-impact specialty tax services.”

ACP said the acquisitions of CSSI and TaxIncennovations mark a continuation of its commitment to investing in high-impact professional service companies, building on the firm’s experience partnering with WilliamsMarston, Cleartelligence, and E Source.

“We are excited about the opportunity to build a diversified specialty tax services platform, capitalizing on the strong foundation built at CSSI and TaxIncennovations,” Align Partner Matt Beesley said in a statement. “Together with management, we will continue to pursue strategic acquisitions of specialty tax practices to further expand the Company’s service lines.”

CSSI is a technology-enabled provider of cost segregation studies and other specialty tax services for US commercial and residential properties. CSSI has over 60 employees and a network of over 300 independent contract sales representatives.

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