Fairmount Partners Advises Your Part-Time Controller, LLC in Strategic Growth Partnership with Pamlico Capital

PHILADELPHIA, PA, - November 15, 2023 – Your Part-Time Controller, LLC (“YPTC”), the 75th largest accounting firm in the U.S., according to the publication Accounting Today, announced today that it has received a strategic growth investment from Pamlico Capital (“Pamlico”), a private equity firm based in Charlotte, N.C. Fairmount Partners, a leading investment bank in the professional and technology services industry, served as exclusive financial advisor to YPTC.

YPTC is an award-winning, impact-driven accounting company supporting nonprofits across their accounting, reporting, data visualization and financial best-practices. It serves nonprofits of all types and sizes with a national team of dedicated, qualified accounting professionals. Over its 30-year history, YPTC has consistently been named as a Best Place to Work by Inc Magazine, Accounting Today and numerous regional business journals.

“This marks a milestone for Your Part-Time Controller, which has grown dramatically from a one-person firm in 1993, to a nationally recognized financial service provider for the nonprofit sector,” said Eric Fraint, President and Founder. Fraint continued, “With the support of Pamlico, who understands our business and culture and shares our interest in serving nonprofit organizations, YPTC will be well-positioned to continue its remarkable growth.”

Jennifer Alleva, Managing Partner, will assume the role of CEO at YPTC in early 2024 and will also have a seat on the YPTC board of directors. “I am thrilled to lead YPTC to new heights with the additional resources of our new partner, Pamlico, and the continued support of Eric on our board. I look forward to many more years at YPTC as we continue to help our nonprofit clients achieve their missions.” Alleva added.

Pamlico Principal Andrew Tindel, who will join the YPTC board of directors with his colleagues Scott Stevens and Kaitlyn Cacioppo, said, “We are excited to welcome Your Part-Time Controller into the Pamlico family. YPTC is a unique and impressive company, and we are proud to partner with its entire team to advance the achievement of their important mission to build stronger nonprofits.”

Fairmount Partners Managing Director Andy Brown remarked, “It was a distinct honor to work with and advise the YPTC team. We specialize in supporting high-growth, high-culture firms that are differentiated in their end-markets. YPTC, with its impact-driven mission and incredible team from top-to-bottom, is a truly special story. We are excited to watch YPTC and Pamlico thrive together going forward as they continue to invest in the people, technologies and capabilities that will make the nonprofit world stronger.”

Fairmount Partners acted as exclusive financial advisor to YPTC. Terms of the transaction were not disclosed.

About Your Part-Time Controller

Founded in Cherry Hill, N.J., in 1993, Your Part-Time Controller is headquartered in Philadelphia, with offices around the country. A staff of over 600 professionals provide outsourced accounting and financial services for over 1,700 nonprofit organizations in almost every state through a combination of on-site service, where YPTC has an office, to remote options everywhere else. More information about YPTC can be found at: www.yptc.com.

About Pamlico Capital

Pamlico Capital is a private equity firm founded in 1988 that invests in lower middle market companies in the U.S. Pamlico Capital seeks control-oriented growth equity investments of up to $125 million alongside proven management teams in its target industries: business and technology services, communications, and healthcare. Since inception, the firm has invested over $3.5 billion. For additional information, please visit www.pamlicocapital.com.

About Fairmount Partners

Fairmount Partners is an independent merger and acquisition advisory firm focused on emerging growth and middle-market companies. Fairmount helps its clients complete mergers and acquisitions, raise funds for growth, acquisitions and liquidity, and design and improve their corporate development strategies. Fairmount’s clients include successful entrepreneurs, private equity-sponsored enterprises, and global public companies. Since 2003, Fairmount has completed more than 280 transactions, representing over $15 billion in aggregate value, in 23 countries throughout North and South America, Europe, Asia and Australia. For additional information, please visit www.fairmountpartners.com.

Contact

Andy Brown

Managing Director, Fairmount Partners

andrew.brown@fairmountpartners.com