Schellman, a certified public accountant company providing attestation and compliance services, has secured private equity investment from Goldman Sachs Alternatives.
The financial details of the transaction were not disclosed.
However, Lightyear Capital, which became Schellman’s majority investor in 2021, will remain involved as a minority shareholder following completion of the transaction.
Schellman plans to use the proceeds to support growth and expand its services.
The company also intends to strengthen its workforce and extend its reach into additional sectors and geographies, as it seeks to focus on “high-demand areas including AI governance, federal compliance and digital trust”.
Schellman CEO Avani Desai said: “We are incredibly excited to partner with Goldman Sachs Alternatives.
“From the outset, it was clear they understand our vision, our culture and the opportunity ahead of us. Their global platform and long-term perspective will help us continue scaling thoughtfully while maintaining the quality and integrity that define Schellman.
“We are also deeply grateful to Lightyear Capital for their partnership over the past four years. Their support and belief in our team helped position us for this next chapter.”
Schellman noted that its current leadership team will stay in place, with existing client engagements and service delivery expected to continue without interruption.
The deal is scheduled to close in the second quarter of 2026, subject to customary regulatory approvals.
Commenting on the investment, Goldman Sachs Alternatives Private Equity Technology head and partner Harsh Nanda said: “The firm’s technical leadership, focus on quality and long-term client relationships position Schellman well to capture growing global demand for its services.
“We are confident that Goldman Sachs Alternatives will be a value-add partner to Schellman and are excited to work alongside Avani and her team to grow the business while staying true to the values that have driven its success.”
“Schellman secures investment from Goldman Sachs Alternatives” was originally created and published by International Accounting Bulletin, a GlobalData owned brand.
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