By Marc Rosenberg
CPA Firm Mergers
With 80 percent of first-generation firms never turning over to a second generation of owners, it’s no wonder that merger mania continues unabated. Each year sees increased merger activity over the one previous.
“Merger mania” is particularly prevalent among the top 10 to 25 firms in the largest 75 markets in the U.S. and Canada, partly due to the “new normal” – an economy that remains too sluggish to satisfy the ambitious growth targets of these top performers. But acquiring talent and niches is equally as important a reason for mergers to these larger firms, as is increased revenue.
Sellers, however, remain hesitant.
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