RoseRyan acquired by talent advisory firm

RoseRyan, an accounting and consulting firm based in Newark, California, has been acquired by ZRG, a talent advisory firm in New York funded by private equity.

RoseRyan has been operating since 1993 and specializes in accounting for startups, corporate governance, interim solutions and strategic projects such as IPO readiness, SEC reporting, financial planning and modeling, technical accounting, audit support and mergers and acquisitions. Last year, Accounting Today profiled the firm helmed by founder and chair Kathy Ryan and CEO Dave Roberson (see story). The firm also has a cannabis accounting and finance consulting subsidiary Kukuza Associates, and Bizinta, a SaaS company that was spun out of RoseRyan.

The deal represents the latest move by private equity in the accounting profession. ZRG is a global talent advisory firm that operates in the Americas, Asia, Europe and Australia, helping clients with recruitment, using its digital Zi talent intelligence technology for executive searches, and is owned by private equity firm RFE Investment Partners. The deal expands ZRG’s consulting capabilities, adding to its West Coast presence and services for clients. Financial terms were not disclosed.

“We’re excited to join the growing family at ZRG,” Ryan said in a statement Monday. “Joining a global network of over 400 employees worldwide will help our team stretch further. We in turn will provide additional depth to ZRG, which means better results for RoseRyan and ZRG clients alike.”

“RoseRyan is known for guiding companies to greatness, and that’s what we’re bringing to ZRG as well,” said Roberson in a statement. “We’re looking forward to growing our capabilities by partnering with ZRG as we continue to deliver excellent solutions when our clients need them most.”

In recent months, a number of private equity firms have acquired stakes in accounting firms, including EisnerAmper, Citrin Cooperman, Schellman & Co. and CFGI. Parthenon Capital acquired RSM US’s wealth management practice and Warren Averett’s asset management subsidiary received funding from investment firms Wealth Partners Capital Group and HGGC.

ZRG indicated the deal would allow it to provide support to its clients in the areas of accounting and human resources. “The nature of the workforce has evolved and having even greater bandwidth in the finance and accounting consulting sector through RoseRyan is fantastic,” ZRG CEO Larry Hartmann said in a news release. “This complements our current interim team, led by Mark Viner, and also adds important consulting capability to allow us to service a wide range of clients, who need support in accounting and HR.”

Viner, who is president of ZRG Interim Solutions, said in a statement, “It is a great win to add the experienced team at RoseRyan to ZRG. They bring an established, trusted, brand and a strong team. We are very happy to be working together to bring our clients the best possible service and talent.”