Atlas
Back to Accounting Roll-Ups
Investment Banker·Accounting Roll-Ups

Adam Glucksman

Partner, Business Services at Broad Sky Partners

New York, NY

AG
LinkedIn
Why they matter

Leads Broad Sky's accounting/business-services investing and personally quarterbacked its flagship Smith + Howard accounting roll-up — a direct line into founder-led platform deal flow.

Background

Adam Glucksman is a Partner at Broad Sky Partners, where he leads investing in the Business Services sector, including the firm's accounting and financial-advisory platform build-out. He joined Broad Sky in 2021 after more than a decade at The Carlyle Group, where he was a Managing Director and Head of the Industrials team within the Carlyle U.S. Equity Opportunity Fund. He began his career as a corporate attorney at Paul, Weiss and Schulte Roth & Zabel before moving into leveraged finance and corporate development.

Notable deals

  • 2017
    Led Carlyle's majority investment in lab supply distributor Thomas Scientific, joining management to scale the business
  • 2022
    Led Broad Sky Partners' acquisition of Thomas Scientific from Carlyle alongside a Capital Constellation investment
  • 2022
    Led Broad Sky's strategic platform investment in accounting/advisory firm Smith + Howard

Call-prep brief

Background

  • Partner at Broad Sky Partners since 2021, leading Business Services sector investing (accounting, advisory, outsourcing).
  • Spent 10+ years at The Carlyle Group as MD and Head of Industrials for the Carlyle U.S. Equity Opportunity Fund; started his career as a corporate attorney at Paul, Weiss and Schulte Roth & Zabel.

Current focus

  • Building Broad Sky's accounting/advisory platform strategy — Smith + Howard (2022) is the flagship accounting roll-up; Thomas Scientific (life sciences distribution) is his other active board seat, carried over from Carlyle.
  • Thesis centers on "outsourcing, workforce virtualization, and advisory services" tailwinds in professional/business services.

What he cares about

  • Founder/management continuity through platform transitions — a recurring theme in his deal quotes.
  • Scaling fragmented, relationship-driven service businesses via organic growth plus bolt-on M&A.

Recent moves

  • Smith + Howard platform investment (Nov 2022) — Broad Sky's third platform deal, directly in accounting services.
  • Prior to Broad Sky, sourced/executed Carlyle's Service King, AxleTech, Claritas, and United Road investments.

Sensitivities

  • Broad Sky is a smaller, thematic middle-market shop actively building a platform in this exact space — frame outreach as complementary, not competitive.
  • Confirm current board seats before referencing them; some Carlyle-era boards (Service King, AxleTech) may have since exited.

Questions to ask

  1. What underwriting lessons from Smith + Howard would you apply to a new accounting roll-up platform?
  2. How do you evaluate bolt-on targets for cultural/partner fit in professional services?
  3. What's changed in accounting-firm PE deal structures (equity ownership rules, partner comp) since your 2022 entry?

Outreach draft

Subject
Accounting Roll-Up Strategy — Quick Call?
Hi Adam, I'm mapping how leading investors are approaching accounting and professional-services roll-ups, and Broad Sky's build with Smith + Howard stood out as one of the more thoughtful plays in the space. I'd value 20 minutes to hear how you're thinking about partner economics, bolt-on integration, and where you see the next wave of consolidation heading — especially given your Thomas Scientific experience scaling a fragmented distribution business. Happy to work around your schedule, and glad to share what we're seeing across the market in return. Best, [Placeholder Name]

Linked companies

Sources