Elliott Davis Announces Strategic Growth Investment from Flexpoint Ford, Completes CEO Succession Plan
- Editor
- Jun 11
- 2 min read
Whats Happening:
Elliott Davis, a top 50 U.S. accounting and advisory firm, has announced a strategic growth investment from Flexpoint Ford, a private equity firm specializing in financial services. The partnership aims to accelerate Elliott Davis's growth, expand its service offerings and geographic reach, and enhance its ability to attract and retain top talent. As part of this transition, John Otten has been named CEO effective July 1, 2025, succeeding Rick Davis who will move to an advisory role after 18 years of leadership.
Key Moves:
Elliott Davis receives strategic growth investment from Flexpoint Ford
John Otten named CEO effective July 1, 2025, succeeding Rick Davis
Company to operate in alternative practice structure with separate entities for attest and non-attest services
By The Numbers:
Elliott Davis is a top 50 U.S. accounting and advisory firm
The firm has over 800 professionals across major U.S. markets
Flexpoint Ford has $8.2 billion of assets under management
Key Quotes:
"The future is bright with John at the helm," said Rick Davis, outgoing CEO
"We are making significant investments in people, technology and services to meet the evolving needs of our clients and ensure we remain a destination employer," said John Otten, incoming CEO
"Elliott Davis stands out for its client-first approach and one firm culture—hallmarks of an exceptional professional services platform," said Dominic Hood, Managing Director at Flexpoint Ford
Bottom Line:
Elliott Davis's strategic partnership with Flexpoint Ford marks a significant milestone in the firm's growth trajectory. The investment and leadership transition position the company for expansion through organic growth and strategic acquisitions, while maintaining its commitment to client service and talent development. This move reflects the ongoing trend of private equity investment in professional services firms, aiming to drive growth and innovation in the sector.
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