Align Capital Partners Establishes Specialty Tax Platform

CLEVELAND and DALLAS, March 26, 2024  |  Align Capital Partners (“ACP”) is pleased to announce the formation of a specialty tax consulting platform with the acquisitions of Cost Segregation Services, Inc. (“CSSI” or the “Company”) and TaxIncennovations, LLC. Today, the Company’s core services lines include cost segregation, research & development tax credits and energy efficiency tax credit consulting services.

CSSI is a national provider of cost segregation studies for commercial and residential property owners. Through a robust technology-enabled service model and national network of over 300 external sales representatives, CSSI completes thousands of studies annually that help clients maintain tax compliance and optimize cash flow of real property assets. ACP’s investment represents the first institutional capital in CSSI since its founding in 2003.

“CSSI has enjoyed twenty years of steady growth due to an unwavering commitment to client service,” remarked Matt Fossey, CEO of CSSI. “We see a tremendous opportunity to leverage ACP’s experience scaling professional service businesses, which is supported by an operating toolkit tailored toward investments in people, processes and technology. I am looking forward to guiding CSSI through its next phase of growth in partnership with ACP.”

Alongside the investment in CSSI, ACP also supported the Company’s acquisition of TaxIncennovations which expands the platform’s core service offering to include research & development tax credit and energy efficiency tax deduction consulting services. “I am excited to join the CSSI team during this exciting phase of growth for our businesses,” said Brian Broussard, Managing Partner of TaxIncennovations. With CSSI’s national presence and robust technology solutions, we look forward to providing our clients with high-impact specialty tax services.”

The acquisitions of CSSI and TaxIncennovations mark a continuation of ACP’s commitment to investing in high-impact professional service companies, building on the firm’s experience partnering with WilliamsMarston, Cleartelligence and E Source. “We are excited about the opportunity to build a diversified specialty tax services platform, capitalizing on the strong foundation built at CSSI and TaxIncennovations,” said Align Partner Matt Beesley. “Together with management, we will continue to pursue strategic acquisitions of specialty tax practices to further expand the Company’s service lines.”

Managing Partner Rob Langley, Operating Partner Ervin Cash, Vice President Dave Modi and Associate Ben Bryles worked alongside Mr. Beesley on the transactions. CSSI was advised on the transaction by XLCS Partners, while ACP was advised by Calfee, Halter & Griswold LLP.