through the first six months of the year, rf resources has tracked 21 merger or acquisition deals in the new york metro area, compared with 26 in all of last year.
“we expect that the number of deals in 2009 will exceed 2008,” ceo robert fligel reports in his exclusive and authoritative “deal sheet” bulletin to clients. “so far his year, rf resources has identified 21 cpa firm deals in the new york metro area representing a 75% increase over last year at the same time.” (see chart upper right)
one response to “accounting firm m&a deals surge in new york metro area”
nancy fox
it will be interesting to see what percentage of these deals actually close, and how many mergers are successful 2 years post deal finalization.
at a recent panel discussion for managing partners of cpa firms and law firms, the art of the merge:what works & what doesn’t? indicated that deal fever can often lead to significant disappointment if the cultures and values of the firms don’t mesh properly even if the numbers align.
nancy fox
hubstreet.com