Eide Bailly to sell majority stake to Reverence Capital in deal valued at $1.8bn

Eide Bailly, a prominent US accounting firm, is set to sell a majority stake to private equity firm Reverence Capital Partners in a deal worth $1.8 billion. This significant transaction highlights the increasing investor interest in the accounting and professional services sector, suggesting robust growth potential. The deal's success could set a precedent for future acquisitions, indicating that private equity firms are keen on expanding their portfolios in this specialized industry.