the seven essential phases of a successful merger.
by august aquila
aquila global advisors
if you’re contemplating a merger, then stop and think for a moment. a successful deal requires careful thought and planning.
in this article, we examine the seven phases common to most mergers. and 卡塔尔世界杯常规比赛时间 pro members will find the free instant download: “the pre-merger data gathering checklist for an accounting practice.” read more →
what to do before you put your practice on the market.
here at 卡塔尔世界杯常规比赛时间, ed mendlowitz answers some of the toughest questions practitioners can throw at him. he’s the right one to ask. after more than 40 years in the business – building his own practice, running the firm, and eventually selling it to a major regional firm, withumsmith+brown, where he remains a senior partner and consultant to professional services clients – he has the answers. we’re happy to have him at 卡塔尔世界杯常规比赛时间. send your questions for ed here, or chime in with comments below.
meanwhile, browse more from ed here: what’s a tax practice worth today? / congratulations! you bought a tax practice. now what? | how accountants can keep the business when a client wants to sell theirs | 10 reasons clients don’t pay, and what to do about it | 13 reasons timesheets will never die |
— rick telberg
president / ceo
question: i am getting older and want to continue working at least five more years. should i merge now to anticipate and facilitate a buyout?
five key ingredients in the calculation.
by ed mendlowitz
the practice doctor q&a
question: how much can i sell my practice for? and how do you value a tax practice for sale?
more mendlowitz: why selling your practice is not a retirement strategy | congratulations! you bought a tax practice. now what? | how accountants can keep the business when a client wants to sell theirs | 10 reasons clients don’t pay, and what to do about it | 13 reasons timesheets will never die
response: good questions and ones i get all the time. here is a listing of some of the things that need to be considered in the pricing. when you sell your practice, the elements that need to be dealt with are: read more →
good planning is key.
by august aquila
aquila global advisors
the following steps are proven aids in helping your merger or acquisition go smoothly:
1. define your reasons. before you start down the m&a path, you need to define how it will help the firm fulfill its strategic vision. it is never a good idea to acquire or merge a firm just for the sake of doing so. if a merger or acquisition does not further your strategic vision, it probably is best to walk away from the opportunity, because it really isn’t an opportunity.
deal creates new top 10 cpa firm; top 3 in wealth management.
clifton gunderson and larsonallen, each already among the top 20 largest firms in the u.s., are breaking into the top 10 with a merger. the new firm will be named cliftonlarsonallen as of jan. 2, 2012.
at that size, the new firm will vie with bdo, cbiz and crowe horwath in billings.
at least five years of “crazier” to come.
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the need for leadership, succession pressures, and bench strength are driving today’s merger mania, says carl george, the legendary chief executive of clifton gunderson. but smart, agile firms can still compete effectively, he says. and this may be the type of economy to do it in.
the need for leadership, succession pressures, and bench strength are driving today’s merger mania, says carl george
remember rule number one – “no integration, no successful merger.” by august j. aquila you decided to conduct a merger to achieve some strategic objective, you went through all the emotional turmoil of getting both parties to sign the documents, … continued
the pace will only accelerate. by rick telberg if you thought the pace of shakeout and consolidation among accounting firms couldn’t get any more frenzied, then just wait ’til next year. when all the deals are tallied, the year could … continued
firms must act decisively or lose opportunities.
by joel sinkin and terrence putney
we work with hundreds of cpa firms across the country primarily assisting them with m & a of their firms. firms that are successful with using m & a as a strategy to grow have to be agile and open to change. one of our mantras is if you want to stay the same, we can’t help you.
the characteristics of the firms we work with that are the most successful are found in their leadership. the most agile firms have strong leaders that are able and willing to make informed decisions quickly. firms that cannot make decisions quickly find that m & a opportunities pass them by.
strong leadership is derived from several things, including: read more →
contrary to most predictions, the recession has not decreased valuations for accounting firms.
but sellers must be willing to agree to retention adjustments and smaller up-front payments, according to joel sinkin and terrence putney at accounting transition advisors.
in addition, read more →
locals gain strength. grant thornton is selling its hawaii practice to two partners who are taking the new firm into the pkf network. it’s the latest news from hawaii. a couple weeks ago we reported hawaii mandates peer review for … continued
partner retreats may be gearing up for new mergers, acquisitions, and competitive strategies. but which side of the deal do you want to be on?
10 tips from one of houston’s fastest-growing firms. by rick telberg while some other cpa firms have been immobilized by fear and uncertainty in this economy, houston, texas-based malonebailey has been charging ahead with a new managing partner, a new … continued