2024 YEAR IN REVIEW
Growing Our Impact
Growing impact in the industries we serve
Aprio’s achievements across industries in 2024 demonstrate the passion we share for the clients we serve and our collective determination to help them compete and win in their individual industry sectors. Below are just a few highlights from Aprio’s high-growth industry sectors.
- Supported numerous government contractor M&A transactions in 2024, some valued in excess of $1 billion, demonstrating Aprio’s specialties in high-value deals.
- Shared thought leadership insights through a combined total of over 100 webinars, articles, blogs, live events, and speaking engagements at top industry conferences.
- Expanded services to include support for joint venture companies, offering risk mitigation strategies and lifecycle management for Mentor Protégé Joint Ventures (MPJVs).
- The launch of comprehensive CMMC certification support and compliance as a service solution, plus the acquisition of automated security solution provider SecurityBricks, positions Aprio as a leading CMMC, FedRAMP, and StateRAMP service provider.
- Achieved year-over-year growth of over 25%, reflecting Aprio's growing impact and success in the manufacturing and distribution sector.
- Launched the 2025 Aprio U.S. Manufacturing Survey in December 2024, gathering key insights on industry trends and outlook.
- Introduced a new Operational Excellence Service line to help clients become more efficient by identifying areas for productivity and process improvements, labor efficiencies, quality management and loss reduction.
- Published a quarterly newsletter on the financial, tax, operational, and economic drivers that impact manufacturing performance.
- Manufacturing and Distribution practice leader Adam Beckerman and several Aprio speakers emceed Next Generation Manufacturing’s 2024 Signature Event.
- Kevin Claxton, Operational Excellence service line leader, shared supply chain and operational insights on the Manufacturing Connector podcast.
- Adam Beckerman, Michael Lange, and Simeon Wallis appeared on the quarterly Manufacturing Talks podcast series.
- Recognized as a Top 50 Accounting Firm for Construction Companies by Construction Executive magazine, underscoring Aprio’s leadership and experience in the construction sector.
- Doubled the size of Aprio’s construction segment through a strategic merger with a Texas firm in 2024, expanding the firm’s capabilities and market reach.
- Presented at leading national industry events, including the Wall Street Blockchain Alliance, Hyperproof Connect 2024, and Techstrong TV, positioning Aprio as a thought leader in the technology sector.
- Our Tech Outlook 2025 Report was featured in Business Journals across several markets, offering insights into the future of the technology landscape.
- Expanded services to support FinTech, HealthTech, and other SaaS clients in adapting to changes in the data security risk landscape.
and Hospitality
- Achieved double-digit growth across multiple service lines, reflecting Aprio's strengthened market presence and continued focus on delivering innovative solutions to clients.
- Expanded services with the launch of a Managed Services Division, now serving McDonald’s clients as well as other leading brands in the market.
- Successfully implemented a third-party delivery reconciliation and chargeback recovery solution, enhancing operational efficiency and accuracy for clients.
- Launched Season 4 of the Dana Delivers podcast, featuring in-depth conversations with successful restaurateurs and industry leaders, solidifying Aprio's position as a trusted resource for the restaurant industry.
Contracting
and Distribution
Real Estate
and Hospitality
Aprio Services Highlights
In 2024, Aprio delivered exceptional services across a diverse range of sectors. Guided by our fundamental – Look Forward – we deepened our capabilities, expanded our talented teams, and elevated our client offerings to help our clients grow. This section celebrates a few milestones in each of our key service areas.
Technology Advisory
- Introduced new Tech Consulting practice to guide clients in selecting technology and enterprise reporting systems that work best for their businesses.
- Launched the Aprio Advantage in alliance with NetSuite to serve a wider range of clients across industries.
- Created dynamic partnerships with Government Contracting technology providers, Unanet and Deltek.
- Partnered with Sage Intacct to provide next-level service to Restaurant, Franchise & Hospitality clients.
- Expanded data and analytics team, along with an AI practice, to provide greater solutions for clients.
Tax
- Created a new tax team dedicated to serving clients in the Restaurant, Franchise & Hospitality sector.
- Strengthened our capabilities with state and local tax (SALT) compliance resources.
- With our people-first approach, we built custom training and professional development for our team members.
- Continued development of national teams of specialized tax professionals to align with growing client needs.
Assurance
- Strengthened our Assurance team by 39% with offices in the Los Angeles, Chicago, and Seattle metropolitan areas to serve a growing client base.
- Expanded both Security & Compliance Services and Risk As A Service (RaaS) to meet the evolving needs of our clients.
- Leveraged advanced AI technology to enhance accounting research, providing superior service to clients.
Managed Services
- Aligned Managed Services practice with Aprio’s segments to scale and grow with our clients.
- Implemented AI-driven solutions to deliver real-time financial insights for clients.
- Strengthened our team dedicated to Restaurant, Franchise, & Hospitality to help restaurant owners maximize the amount of fees they retain from delivery orders and services.
- Added new service offerings for Government Contracting clients, including outsourced contract administration and joint venture management.
- Developed a strategic alliance with Rho, a fintech company to offer their banking platform to Aprio clients.
- Launched enhanced financial visibility and decision-making tools for Construction industry clients through QBO Advanced.
Strategic Growth Highlights
Beyond the expansion of service offerings, Aprio Firm Alliance, Aprio Talent Solutions, and Aprio Wealth Management achieved remarkable milestones further solidifying our position as a leader in the profession. From fostering meaningful professional relationships and delivering top talent to managing wealth with precision, Aprio continues to set new standards of excellence.
Aprio Firm Alliance
Aprio Firm Alliance provides firms with exclusive access to the professional connections, advice, and technical resources they need to overcome obstacles and seize opportunities. In 2024, the Aprio Firm Alliance added new member firms and:
- Provided more than 11,000 CPE hours to member firms.
- Launched the inaugural Pryor Leadership Development cohort that includes 40 members.
- Increased revenues from Aprio’s referral partners by 37%, from $4.7 million to $6.5 million.
- Converted referrals from Aprio Alliance Members to $1.75 million in client service projects, including more than $625,000 of recurring projects.
Aprio Talent Solutions
Aprio Talent Solutions connects high-performing accounting professionals and top candidates with premium job opportunities across the U.S., Canada, and Mexico. In 2024, ATS:
- Placed nearly 100 consultants and new talent across multiple industries.
- Implemented 24-48 hour service agreements to fill valuable positions.
- Expanded CFO Services to include interim and fractional leaders in C-suite positions for our clients in transformation.
Aprio Wealth Management
Aprio’s Chief Investment Officer, Simeon Wallis, hosted 12 Pulse on the Economy and Capital Markets sessions, keeping clients informed of the latest trends in the financial markets.
* Assurance, attest, and audit services provided by Aprio, LLP.
“Aprio" is the brand name under which Aprio, LLP, and Aprio Advisory Group, LLC (and its subsidiaries), provide professional services. LLP and Advisory (and its subsidiaries) practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards. LLP is a licensed independent CPA firm that provides attest services, and Advisory and its subsidiaries provide tax and business consulting services. Advisory and its subsidiaries are not licensed CPA firms.
Investment advisory services are offered through Aprio Wealth Management, LLC, an independent Securities and Exchange Commission Registered Investment Advisor. Information presented is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any securities, and past performance is not indicative of future results. Investments involve risk and are not guaranteed. Be sure to first consult with a qualified financial adviser and/or tax professional before implementing any strategy discussed here.
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