putney<\/figcaption><\/figure>\n\u201cfirms pursuing growth through m&a are increasingly passing on acquiring general tax and accounting practices and practices that can\u2019t deliver staff and potential partner \u2018benches\u2019 to replace retiring owners,\u201d putney says. \u201cthe larger firms are not, for the most part, just chasing volume with their mergers. they are much more targeted, looking for niches such as cybersecurity, it management and family office, staff expertise and geographically attractive expansion into both new and existing markets.\u201d<\/p>\n
putney also notes that private equity investment is beginning to inject capital into the accounting industry.<\/p>\n
the pe wild card \n<\/strong><\/p>\nprivate equity is a wild card, a new financial influence entering the accounting industry. so far, pe\u2019s interest has been in big firms, but smaller firms are interested in pe. will they ever get together? will the magic ever happen?<\/p>\nrosenberg<\/figcaption><\/figure>\nmarc rosenberg \u2013 the founder of the survey, which the growth partnership now conducts \u2013 is a leading expert in m&a, and even he isn\u2019t predicting much besides questions.<\/p>\n
\u201c[private equity is] certainly the biggest new trend in the cpa firm industry,\u201d rosenberg says in the survey. \u201cinitially, it was geared to megafirms, but it\u2019s starting to trickle down to large firms below the megafirms. what\u2019s the future of private equity? will it catch on? will it ever invade the domain of $5 million to $30 million firms? stay tuned.\u201d<\/p>\n
unless something goes awry in these initial ventures, pe isn\u2019t likely to go away. quite to the contrary, it is being attracted by the recent increases in profitability, which inspires buyers, crossed with shaky staff and succession situations, which inspires sellers.<\/p>\n
buyers\u2019 market \n<\/strong><\/p>\nart kuesel of kuesel consulting says, \u201cprivate equity began to target the profession as a stable, profitable investment and infused firms with cash and funded buyouts.\u201d<\/p>\nkuesel<\/figcaption><\/figure>\nat the same time, kuesel sees merger activity heating up as a solution to serious problems in succession, staffing and upgrades to technology.<\/p>\n
with a general need for technology, talent and new service offerings requiring investment, and with pe companies eager to fill that financial void, allan koltin of koltin consulting sees m&a heating up even more.<\/p>\n
\u201cone should expect to also see a record year for cpa firm m&a,\u201d koltin says. \u201cdon\u2019t be surprised if more mergers amongst the top 500 firms occur in the next 12 months than any 12-month period in the profession’s history!\u201d<\/p>\n
koltin says he wouldn\u2019t be surprised if most of the top 20 firms opted for pe participation. but he also issues a caveat: a recession could change the course of structural strategies, though, in recent years, cpa firms have navigated economic downturns reasonably well.<\/p>\n
given all the above, it\u2019s a buyers\u2019 market. smallish firms will have to get their houses in order as much as possible if they hope to sell their problems to somebody with money and dreams.<\/p>\n","protected":false},"excerpt":{"rendered":"
firms competing in the buyers’ market need to put on some polish.<\/strong> \n <\/a> \nby 卡塔尔世界杯常规比赛时间 research<\/em> \nthe national study of cpa firm statistics<\/a><\/em><\/p>\n","protected":false},"author":17,"featured_media":104500,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","footnotes":""},"categories":[2371,5,3120,3002],"tags":[680,112],"class_list":["post-104498","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mergers-acquisitions","category-outlook","category-pro-member-exclusive","category-special","tag-ma","tag-mergers"],"acf":[],"yoast_head":"\nprivate equity heats up m&a - 卡塔尔世界杯常规比赛时间<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n