Experience in buying / evaluating professional services firms (i.e. CPAs)?

July 14, 2021

by a searcher from University of Pennsylvania - The Wharton School in Pittsburgh, PA, USA

Has anyone evaluated SMB focused professional service firms (think CPAs or insurance)? Specifically curious how transitions look for non-practitioner buyers.

Critical service for SMBs and an industry which is highly fragmented. Thinking about mid-sized teams (5/10+ accountants), not single partner firms.

Thoughts / insight welcome!