Windsor Path, a family office-backed platform for accounting firms, acquired ASO Advisors, the non-attest business of Agresta, Storms & O'Leary in Indianapolis.
ASO Advisors, with six offices across Indiana, provides tax and business consulting services such as bank and finance consulting, M&A assistance, cost management and budgeting, HUD consulting and outsourced CFO services. This deal marks Windsor Path's second deal to expand its platform. In July 2025, it added
Windsor Path was founded in late 2024 by co-CEOs Camilo Maldonado and Danny Urgelles. The platform seeks to become a Top 100 Firm by acquiring firms with $3 million to $35 million in revenue. It takes a controlling stake in the firms it adds, but those firms retain their name, brand, local autonomy and leadership. Meanwhile, administrative aspects like HR, technology and bookkeeping are centralized and scaled through Windsor Path.
"After looking at a number of options, Windsor Path stood out for letting us keep what's worked at ASO while bringing real infrastructure and capital behind us," Shawwn Storms, a partner at ASO Advisors, said in a statement. "We've built this firm around our clients and our people, and this partnership lets us keep doing that with more support around us."
As is common with private equity deals, the firm will adopt an alternative practice structure, separating its non-attest and attest services. Windsor Path will acquire its tax and business advisory services under the name ASO Advisors, while attest services will remain with Agresta, Storms & O'Leary, an independently owned and licensed CPA firm.
However, Windsor Path is not private equity based. It is funded by family offices and differentiates itself with longer hold periods than private equity's average of three to five years.
