The big get bigger and the not-so-big, well…
Expect the pace of M&A activity to accelerate in 2009 – at least among the regional and super-regional firms.
Among single-owner and sole practitioner firms, meanwhile, expect the pace of transactions (and prices) to hold steady.
Per Allan Koltin, quoted by Richard Stolz at WebCPA.
2 Responses to “Whither CPA Firm Mergers?”
Hugh Franks
I guess I’ll be working a long time, You’ll have to pry my dead cold fimgers off this desk.
Chad Bordeaux
I recall from a conference I went to last year that the general trend for smaller firms would be that sales prices would be lower in 5-10 years. This is primarily due to the large amount of CPA firm owners that will be reaching retirment age during this time frame. There is expected to be more sellars than buyers. Good for those of us that want to buy, but, obviously, bad for those that are retiring.
It will be interesting to see how this goes.