PE Playbook: Accordion
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State of Play
If there’s one consulting firm that quietly prints money while staying out of the mainstream spotlight, it’s Accordion.
During my PE days, our portcos spent millions with them—everything from interim controllers to full ERP implementations.
When Charlesbank bought Accordion in 2022 (after FFL’s growth investment), it made perfect sense: their clients became their owners. That’s product-market fit in private equity.
Let’s unpack how a small consulting shop founded by an ex-banker quietly grew to become the go-to partner for over 300 PE sponsors.
Company History
