Atlanta-based IPA 100 firm Smith + Howard (FY23 net revenue of $53.2 million) announced that it has acquired the Richmond, VA-based consulting firm Fahrenheit Advisors, effective Nov. 26.
“We are pleased to welcome Fahrenheit to Smith + Howard,” said Sean Taylor, CEO of Smith + Howard. “Keith and Rich, along with their team, have built an outstanding business, and I am excited to partner with them on this next chapter. Fahrenheit’s operational excellence, respected market position, and dedication to client success make them an ideal fit for us. This addition to the Smith + Howard family of companies is another key step to expanding our service offerings, our national footprint, and creating new opportunities for our clients and colleagues.”
This acquisition further extends the range of services available to the firm’s clients. Fahrenheit’s Richmond, VA location marks Smith + Howard’s continued geographic expansion, with its first Mid-Atlantic office.
“Smith + Howard has a national reach and an exceptional reputation for doing more than expected,” said Keith Middleton, Fahrenheit co-MP and co-founder. “Like Fahrenheit, they are trusted advisors, driven by creating extraordinary value for clients, providing a great place to work for their employees, and giving back to the community. It is an exciting time for Fahrenheit as we reach this next phase of our journey.”
“When Keith and I evaluated what we were seeking in a growth partner for Fahrenheit, culture was not simply a requirement, we knew it was imperative to our future success,” said Rich Reinecke, Fahrenheit co-MP and co-founder. “Finding a partner who matched and lived the values that guide our firm was at the very top of the list. We are excited that the Smith + Howard team matches our commitment to delivering results for our collective team, clients, and communities.”
