SAX LLP, a top 100 accounting and advisory firm, announced it has received a minority investment from Cobepa, an independent investment company, to support continued expansion and innovation. Founded in 1956, SAX serves closely held companies, family-owned businesses, nonprofits, and high-net-worth individuals, and will use the investment to pursue strategic acquisitions along the east coast while enhancing service offerings and technological capabilities. The firm will restructure into SAX LLP (providing attest services) and SAX Advisory Group (providing advisory and consulting services), but will retain its independence with no disruption to client relationships. CEO Joseph Damiano emphasized this allows SAX to remain independent while gaining a growth partner, positioning the firm to scale offerings and serve clients at an even higher level.
PARSIPPANY, N.J., July 17, 2025 /PRNewswire-PRWeb/ -- Parsippany, NJ - July 17, 2025 – SAX LLP, a top 100 Accounting and Advisory firm, announced today that it has received a minority investment from Cobepa, an independent, privately held investment company with offices in Brussels and New York. The investment will support SAX's continued expansion, innovation, and commitment to delivering exceptional value to its clients.
Founded in 1956, SAX has built a reputation for being the #1 advisor to closely held companies, family-owned businesses, nonprofit organizations, and high-net-worth individuals. Sax will pursue strategic acquisitions to expand its physical footprint along the east coast, enhance its service offerings, and drive further technological innovation across its practice areas. SAX will restructure to accommodate the investment, providing attest services through Sax LLP, a licensed CPA firm, and advisory, consulting and other professional services through Sax Advisory Group. The firm will retain independence with no disruption to client engagements or relationships.
"This is really a pivotal moment for our company and the industry," said Joseph Damiano CEO of SAX Advisory Group. "We're doing something here that many other firms have not done – which is to remain independent while taking on a sponsor to assist in our continued growth strategy. With Cobepa's support, we're better positioned than ever to scale our offerings, invest in our people, and serve our clients at an even higher level."
"Our investment in SAX is a direct result of their proven business model, strong leadership team, and client-first culture. We share a common vision for the business and believe that our "hands-with" approach will unlock compelling opportunities to continue growing the company and expanding its reach while maintaining the same high-quality client service that defines the firm," said Andrew Hollod, Managing Director North America for Cobepa.
The deal was facilitated by Houlihan Lokey, represented by Managing Director - Louis Trimble, CFA. SAX was advised by Lowenstein Sandler, led by Nicholas San Filippo IV, and Vedder Price, led by Steven R. Berger. Cobepa was advised by Weil, Gotshal & Manges LLP, led by Luke Laumann.
SAX is a Top 100 accounting, tax, and advisory firm that serves the unique needs of privately held companies, family-owned businesses, nonprofit organizations, and high-net-worth individuals. With offices strategically located in Parsippany, NJ, Ewing, NJ, New York City, NY, and Mumbai, India, SAX offers specialized expertise that benefits clients across its largest vertical markets. The firm's advisory services extend beyond traditional accounting and tax offerings, encompassing Wealth Management, Cybersecurity and Managed IT, Investment Banking, Transaction Advisory, HR Consulting, Valuation, and Forensic & Litigation. SAX has garnered national recognition and has been consistently listed among the Top Accounting Firms by NJBIZ, INSIDE Public Accounting, Accounting Today, and Forbes. For more information, please visit www.saxllp.com.
About Cobepa
Cobepa is an independent, privately held investment company with offices in Brussels and New York. Cobepa manages a diverse portfolio of private equity investments representing approximately $5.3 billion of equity capital. Cobepa invests in leading companies with superior business models, sustainable market positions and leading management teams. For more information, visit www.cobepa.com
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Media Contact
Leon Grassi, SAX LLP, 1 (201) 446-7037, [email protected]
SOURCE SAX LLP
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