Tampa-based Aline Accounting Partners has secured a $206 million financing package led by Square Nine Capital to refinance existing debt and fund acquisitions as the company expands nationwide. Announced Thursday, Nov. 12, the financing will support purchases of additional accounting and advisory firms, along with investments in personnel, technology and expanded services.
The financing includes a revolving credit facility, a term loan and a delayed-draw term loan facility, according to Square Nine’s Nov. 9 announcement. The agreement refinances existing debt and provides additional borrowing capacity for acquisitions and future expansion. The companies did not disclose how the $206 million is divided among the three facilities, how much debt was refinanced or how much financing has already been drawn.
Aline plans to use the financing to acquire established accounting and advisory firms while expanding the shared services available to its existing operations. The company has not identified its acquisition targets or announced when it expects to complete additional transactions.
“Our partnership with Square Nine provides additional financial flexibility to support strategic acquisitions, invest in our people and technology, and build on the strong foundation we’ve established,” said Bob Iocco, Aline’s co-founder and chief acquisition officer.
Aline was formed in August 2024 through the merger of three accounting firms with long operating histories. The company brings established accounting and advisory practices together under one organization, providing shared services that include financial reporting, information technology, human resources, recruiting, marketing and acquisition support. Participating firms retain their local relationships while gaining access to resources across the larger organization.
Square Nine, a private investment firm that provides capital to middle-market companies, led the transaction. Polsinelli served as legal counsel to Aline, while Paul Hastings represented Square Nine.
Florida Division of Corporations records list Aline Accounting Partners FL, LLC, as an active Delaware limited liability company with a principal address at 1410 N. West Shore Blvd., Suite 650, in Tampa. The filing identifies Aline Accounting Partners, LLC, as a member, Iocco as president and Matthew Lender as CEO.