Schellman & Company, LLC

Schellman & Company, LLC, based in the US, provides specialized IT compliance attestation services, ensuring organizations meet various regulatory standards through comprehensive audits and assessments across diverse sectors. Founded in 2002 and headquartered in Tampa, Florida, Schellman & Company, LLC focuses on IT compliance attestation services, assisting clients with various audits and assessments. The firm was acquired by Lightyear Capital in September 2021 as part of a recapitalization effort. The CEO is Avani D, leading the firm in its mission to enhance compliance solutions.

Schellman specializes in IT compliance attestation services, offering a comprehensive suite of audits and assessments tailored to client needs. Its core services include SOC 1, SOC 2, and SOC 3 examinations aimed at improving trust and transparency in organizational control environments. With nearly 60 different types of assessments, Schellman caters to multiple industries, including healthcare, financial services, and cloud computing. The firm also provides compliance services such as PCI DSS, HITRUST certification, and federal assessments like FedRAMP and CMMC, serving clients in North America, Europe, and Asia.

Schellman's revenue model is primarily driven by fees from audit and assessment services through B2B transactions. Clients contract for specific assessments based on compliance requirements, with fixed fee structures reflecting the scope and complexity of each assessment. Specific pricing details are not disclosed, but the fee structure accommodates a range of clients from small businesses to large enterprises, supported by Schellman's reputation for quality in the compliance space. Future initiatives may include the launch of new products and expansion into new markets, although specific product details and timelines have not been disclosed.

The expectation is that the additional resources from the acquisition will enable a more robust strategy for reaching clients in various sectors, reinforcing the firm's commitment to comprehensive compliance services. In March 2026, Goldman Sachs Asset Management acquired Schellman & Company, LLC from Lightyear Capital. Financial terms were not disclosed. As part of the deal, Lightyear Capital remained a minority stake in the company.