Smart Sand's Aprio Expands Affordable Housing Services with SND Partners Acquisition

Aprio Expands Affordable Housing Services with Strategic Acquisition

Aprio, a leading business advisory and accounting firm, strengthens its foothold in the affordable housing sector through its recent acquisition of SND Partners, LLP, a San Francisco Bay Area firm renowned for its expertise in Affordable Housing Tax Credit and Housing and Urban Development audits. Founded in 1989, SND Partners has dedicated nearly four decades to providing specialized audit and tax services, catering to a diverse clientele in real estate and community development in California and Hawaii. This acquisition aligns with Aprio's growth strategy to enhance its service offerings in markets where affordable housing demands are rising, particularly in California, which has seen increased investments and regulatory requirements in this vital sector.

The integration of SND Partners allows Aprio to leverage the extensive experience of three partners and nine professionals from SND, who bring a wealth of knowledge in navigating the complexities of affordable housing. According to Aprio CEO Richard Kopelman, this move not only expands the firm’s capabilities but also enhances its ability to address the unique challenges faced by clients in this space. By consolidating resources, Aprio aims to deliver more comprehensive solutions, equipping clients with deeper insights and local expertise essential for effective decision-making in affordable housing projects. The SND team will continue to operate from Aprio's Walnut Creek office, preserving their established connections in the Bay Area while benefiting from Aprio's broader technological resources and support.

Annette Spiteri, Managing Partner of SND Partners, emphasizes the advantages of this merger, noting that Aprio's commitment to investing in technology and resources will significantly improve service delivery for their clients. Alison Fossyl, Aprio's National Affordable Housing Leader, adds that the collaboration will empower clients to navigate the intricate landscape of affordable housing with greater ease. This acquisition is part of a broader trend for Aprio, which has been actively pursuing strategic partnerships to solidify its national footprint and enhance its advisory capabilities across various sectors.

In addition to this acquisition, Aprio's recent expansions underline its strategic vision to position itself as a leader in the advisory space, particularly in areas with growing demand for specialized services. The firm’s commitment to enhancing its affordable housing services reflects an understanding of the pressing needs in this sector, driven by evolving legislative frameworks and community development goals. With this latest move, Aprio is poised to play a pivotal role in supporting affordable housing initiatives, thereby contributing to sustainable community growth in key markets.