Aprio Acquires Phoenix-Based Price Kong, Adding Cannabis Experience and Expanding Arizona Footprint

Aprio, the 20th largest business advisory and accounting firm in the United States, has announced its agreement to acquire Price Kong, a Phoenix-based accounting and advisory firm, effective June 1, 2026. While the financial terms of the transaction remain undisclosed, the acquisition is poised to enhance Aprio's capabilities in accounting, audit, and advisory services, particularly within the burgeoning cannabis industry. This move marks Aprio's strategic entry into a sector characterized by complex regulatory frameworks and rapid growth.

Founded in 1967, Price Kong has established itself as a key player in the Phoenix business landscape, providing tailored accounting and advisory services to a diverse clientele across various sectors, including construction, healthcare, and technology. Notably, Price Kong has been at the forefront of offering accounting services to the cannabis industry for over a decade, equipping businesses with the expertise needed to navigate intricate financial and regulatory challenges. The firm's seasoned team, led by Managing Partner Ross Dietrich, comprises more than 40 professionals who bring a wealth of experience and specialized knowledge to Aprio's expanding portfolio.

The acquisition aligns with Aprio's broader strategy to deepen its presence in Arizona, where it launched Aprio Legal, a full-service law firm, in early 2025. By integrating Price Kong's specialized experience with its existing services, Aprio aims to provide a comprehensive platform for entrepreneurs and business leaders in the region. The firm’s CEO, Richard Kopelman, emphasized the significance of this acquisition in positioning Aprio as a go-to advisor for businesses navigating growth opportunities and regulatory risks.

The cannabis sector has been a focal point for many advisory firms, given its rapid expansion and evolving regulatory landscape. As more states legalize cannabis for medical and recreational use, the demand for specialized accounting and advisory services is expected to grow. Aprio's entry into this market through Price Kong not only diversifies its service offerings but also positions it to capture a share of this lucrative and dynamic industry.

Overall, the acquisition of Price Kong represents a strategic milestone for Aprio as it continues to expand its footprint and service capabilities. The integration of Price Kong's expertise in the cannabis sector, combined with Aprio's comprehensive advisory services, is likely to enhance the firm's competitive advantage in the Arizona market. As the cannabis industry continues to evolve, firms like Aprio that are equipped with specialized knowledge and resources will be well-positioned to support clients in navigating the complexities of this fast-growing sector.