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Merger mania is alive and well in our profession. There are many reasons for the dramatic increase in merger activity in recent years and for the foreseeable future including:
- Aging of the Baby Boomers
- Increase in regulations and/or requirements
- Competition
- Niche service development or expansion
- Fewer accounting graduates seeking employment in public accounting
- Risk management
- Succession solutions
- Quality of life enhancement
- Practice growth
- Realization of synergies
- Staffing needs/talent acquisition
- Strengthen or expand service offerings
- Geographic expansion
- Aging of the client base
- Cross-selling opportunities
- New client acquisition
Many firms are using mergers to re-engineer their service focus, augment client acquisition programs, expand geographic reach and, in some cases, to acquire firms with lower cost structures in order to outsource work to these offices outside of major metropolitan areas thereby enhancing the profitability of each job outsourced.
If your firm has just one of the needs or goals mentioned above, a merger should be on the list of potential solutions.
More information on mergers:
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ASK THE ADVISORS
If you have a question about your practice, its value or are seeking information about merger or merging, please use the Ask the Advisors program. There is no fee or obligation for this service.
ASK THE ADVISORS NOW
The Advisors Panel is comprised of members of Transition Advisors, an independent consulting organization performing merger, acquisition, transition and succession services exclusively within the tax and accounting profession.
THIS IS A CONFIDENTIAL SERVICE. Please ensure the email address or telephone number you provide is secure or private.
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