Springline Advisory has announced the official launch of its business advisory platform focused on transforming the middle-market accounting profession. Springline was initially formed through a February 2023 partnership with MarksNelson LLC of Overland Park, Kan. (FY22 net revenue of $34.3 million).
The Springline model promises clients access to the capabilities and geographic reach of larger firms without compromising the depth of relationship and service that have long been the hallmarks of boutique and regional providers.
Springline’s strategy is centered on cohesive collaboration among regional accounting firms under the Springline brand, the company announced. This approach is further enhanced by intentionally scaling through the acquisition of peer companies offering complementary advisory services that broaden the range of best-in-class services available to clients.
Leading Springline is CEO Tim Brackney, who joins from Resources Global Professionals, where he was most recently president and COO. “The bedrock of our industry is built on trusted relationships, and that’s at the heart of Springline. Our vision is to build the firm of tomorrow.”
Backing Springline is Trinity Hunt Partners, a growth-oriented, middle-market private equity firm with deep expertise in business and professional services companies. “Springline represents the epitome of our investment philosophy – partnering with great service businesses to foster innovative models that lead to exceptional client and people outcomes,” said George Morgan, partner at Trinity Hunt Partners.
Springline is partnering with more high-quality firms characterized by innovative leadership teams and people-first cultures to expand its national footprint and give depth and breadth to strategic capabilities. Springline is actively pursuing opportunities to invest in entrepreneurial and culturally driven professional service businesses across the U.S.