Elliott Davis, an accounting and advisory firm based in Greenville, has named John Otten as its new chief executive officer, effective July 1.
Otten has held several leadership roles over his 28-year tenure at Elliott Davis and succeeds Rick Davis, who led the firm for more than 18 years and will transition to an advisory role.
“The future is bright with John at the helm,” said Davis. “He has long been a trusted advisor to our clients and a respected leader within our firm. John lives our values, embraces our mission, and is fully prepared to guide Elliott Davis into its next chapter.”
The firm also announced a strategic growth investment from Flexpoint Ford, a private equity investment firm specializing in the financial services sector. The partnership will be used to accelerate the firm’s growth, expand its service offerings and geographic reach, and enhance its ability to attract and retain top talent.
Under the new structure, Elliott Davis will operate in an alternative practice structure. Attest services will continue to be provided by Elliott Davis, LLC, a licensed CPA firm. Business advisory and non-attest services will be delivered by Elliott Davis Advisory, LLC, which will operate as a separate entity and will not be a licensed CPA firm.
“This marks an important milestone for Elliott Davis,” said Otten. “We are making significant investments in people, technology and services to meet the evolving needs of our clients and ensure we remain a destination employer. Our partnership with Flexpoint Ford positions us well for continued expansion through both organic growth as well as through strategic acquisitions.”
Through this partnership, Flexpoint Ford will also provide Elliott Davis strategic insight, growth capital and operational support.
