Indian Outsourced Accounting firms acquired by Private Equity backed firm

• PE-backed Springline Advisory (the 4th fastest growing financial & business advisory firm in 2025) made its first major India bet.
• On November 5, 2025, it acquired two Ahmedabad-based accounting firms. 
• Market grapevine suggests several Indian outsourcing firms are quietly courting PE. 
• Could 2026 be the acquisition season for Indian outsourced accounting firms?

But first, a little about Springline Advisory

Established in 2024, Springline Advisory is a financial and business consulting firm on a mission to “dominate the middle market.”

• Dallas-based private equity firm Trinity Hunt Partners ($2 billion in assets under management) invested in the “advisory business of MarksNelson” (an Accounting, tax, and advisory firm based in Kansas City).
• This led to the inception of Springline Advisory, a business advisory platform, focused on building and scaling high-performing accounting and advisory firms.

Within the first two years, it added several other firms to the roster, including: