Moore Global reports record revenues following private equity investment
Moore Global, a leading accountancy network, reported record revenues of $5.1 billion in 2024, marking a 13% increase from the previous year. The firm’s growth was driven primarily by organic expansion and the addition of 14 new firms to its network.
A significant factor in this growth has been private equity investment, with six of Moore Global’s top ten member firms receiving funding. US-based Citrin Cooperman is among the firms that have secured private equity backing.
CEO Anton Colella described private equity as “bringing a cultural change” and contributing to the firm’s accelerated expansion and technological advancements, particularly in artificial intelligence.
“Private equity brings a new level of commercial thinking to firms that were traditionally structured as partnerships,” Colella said. “It has driven expansion, improved service offerings, and provided capital for necessary digital transformation.”
The strongest revenue gains came from accounting services, which rose by 29%, tax services, which grew by 25%, and the advisory segment, which expanded by 15%. Audit and assurance was the only area to decline, with a slight 1% drop, reflecting industry-wide challenges in the audit sector.
Private equity’s influence on Moore Global aligns with broader trends reshaping mid-tier accountancy networks. Increased funding has allowed firms to invest in talent acquisition, technological advancements, and advisory services—areas that are seeing heightened demand as businesses navigate complex regulatory landscapes and evolving financial strategies.
Moore Global anticipates continued demand for advisory services, with mergers and acquisitions activity expected to pick up. Private equity investment has positioned the firm for sustained growth, with leadership emphasising its role in driving competitiveness and digital transformation.
