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Accounting Firm · AI Integration · Eide Bailly · Reverence Capital
Eide Bailly announced an agreement on June 23, 2026, to sell a majority stake to Reverence Capital Partners for approximately $1.8 billion, aiming to accelerate artificial intelligence integration into its operations and double revenue within three to four years.
This strategic move positions the Minneapolis-based accounting firm to leverage Reverence's expertise, enhancing operational capabilities and service delivery in the competitive financial services sector. The transaction is anticipated to finalize in the third quarter.
Eide Bailly, with a market cap of $4.46 billion, reported revenues of $840 million for the year ending April, an increase from $780 million the previous year. The firm's GF Score™ of 63 indicates moderate overall quality, with strong financial strength and profitability (both 4/10), but a lower growth rank (2/10).
Its low debt-to-equity ratio of 0.16 suggests a robust balance sheet, and a P/E ratio of 11.65x indicates potential undervaluation compared to historical sector averages, according to GuruFocus.com data. Insider activity shows a mix of 8 buys and 5 sells over the past 12 months, with sales totaling $6.87 million.