MERGERS & ACQUISITIONS: CPAs See the Deals Coming
Mergers and acquisition activity in the private markets is clearly heating up.
Two-thirds of CPAs see more deal flow.
So what’s the affect on CPAs and firms?
Half of the profession sees consolidation among CPA firms.
There may be more buyers than sellers, but most CPA firms are sitting on the sidelines.
CPAs figure that whichever the M-and-A winds blow, they’ll be okay or better off.
For information about obtaining detailed crosstabs, analysis and methodology, contact Rick Telberg, and mention “M&A Study.”
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4 Responses to MERGERS & ACQUISITIONS: CPAs See the Deals Coming (Subscribe)
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Continued merger and consolidation in professional practices will be driven by the value of brand, customers demand for more comprehensive services and the need to leverage investments in management and technology. Further drivers specific to public accounting will include staff availablilty and the increased need for specialization driven by the increased volume and complexity of professional standards and SOX motivated regulation.
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I agree completely! Based on my 25 years of experience as a CPA, we know that private business clients often 1st look for help from their CPA and unfortunately, most CPA’s are missing the right answers!
There is a need to provide a “cafeteria” of client services, including highly specialized trust and estate planning, which a team approach provides — and, wealth services banking provides
There is a great deal of competition for available practices.