Pulse Check: How is accounting firm pipeline trending?

by a searcher from University of Washington

5 months ago

It may be because I'm searching for an accounting firm, but has anyone else noticed an uptick in reports from various news sources (FT, Reuters, Forbes) about PE leaning into more accounting firm roll-ups?

For brokers out there, how is your deal flow for accounting firms looking? Has this driven pricing up? Is the demand sitting more with larger regional firms or smaller local shops?

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searcher from University of California, Berkeley

I remember listening to a podcast episode of TLAO or Acq Anon or similar of a MM firm doing a rollup who said the market is nowhere near as large as people believe it is. Accounting/CPA/Tax firms of size dwindles very quickly, as there may not be even 5 figures of companies above $1mm in revenue.

A quick google search showed that there are < 400 public accounting firms with > $10mm in revenue.

So, that tells me if you can find a niche or know an area that could use an update, best to build and test the niche while searching for the right firm to tuck-in for talent/reach or whatever your constraint has been.

4 months ago | like reply | 0 likes

searcher from IE Business School

Again build something here and sell it. Too many players with antiquated solutions.

4 months ago | like reply | 1 like

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