Smith, Schafer and Associates Ltd.

Smith Schafer & Associates, based in the US, provides tailored accounting and consulting services aimed at helping clients efficiently navigate financial complexities and achieve their business goals. Smith Schafer & Associates, founded in 1971, operates out of Minneapolis, US, specializing in accounting and consulting services. With a focus on serving small to medium-sized enterprises and larger corporations, the firm has maintained a consistent business strategy. The founder's specific history is not available.

The company has executed a single deal, with the most recent transaction occurring on January 1, 2026, when it was acquired by CohnReznick LLP, a portfolio company of Apax Partners. Smith Schafer specializes in providing comprehensive accounting and consulting services tailored to meet the unique needs of its clients. Their core offerings include accounting, tax, and consulting solutions designed to support businesses in various industries. These services are aimed at helping businesses navigate complex financial landscapes, optimize operational efficiency, and achieve growth objectives.

The firm's client base spans a diverse range of sectors, including small to medium-sized enterprises (SMEs) and larger corporations, primarily located in the Midwest region of the United States, with a strong presence in markets such as Minnesota and Wisconsin. Smith Schafer’s commitment to industry specialization ensures that they deliver targeted advice and solutions to address specific client challenges, fostering strong partnerships that facilitate long-term success. Smith Schafer’s revenue model is structured around a blend of service-based transactions, wherein clients engage the firm for specific accounting and consulting services. The company generates income primarily through service fees associated with its offerings, which may include project-based consulting engagements, ongoing accounting support, and tax preparation services.

Clients typically engage Smith Schafer through service contracts that outline the terms of engagement, which can vary based on the complexity and scope of the services provided. This transactional framework is designed to provide flexibility for clients, allowing for tailored solutions that align with their business objectives while ensuring predictable revenue streams for Smith Schafer. The firm's reputation for expertise in the accounting sector positions it as a trusted partner for organizations seeking reliable financial guidance.