5 accounting agency M&A predictions for 2025



I lately analyzed 132 offers throughout 212 accounting companies for 2024. The 2025 predictions I am about to share are not funding recommendation, so please take it with a grain of salt and use your individual judgement.

With that stated, let’s dive in: In 2024, personal fairness cash flooded the accounting M&A market. Prime gamers scooped up area of interest companies left and proper. The $2.3 billion CBIZ-Mar­cum megamerger (finalized in November) wasn’t alone—personal fairness is now heart stage.

It is inflicting pleasure and apprehension within the small-to-midmarket area (some companions are raging at outdoors capital).

Take a look at the latest wave:

• Dean Dorton’s Florida pick-up of Shilts CPA on Dec. 5 and LBMC’s Memphis transfer to add Frazee Ivy Davis present focused enlargement.

• Citrin Cooperman’s spree (Clearview on Nov. 14, Signature Analytics on Nov. 13) reveals relentless attain.

PKF O’Connor Davies’ capital injection (on Nov. 18) units a brand new mid-market financing bar.

Not simply massive names—smaller companies too:

BerryDunn + Burzenski & Co. (Dec. 1), increasing in Connecticut;

LGA + McGaunn & Schwadron (Dec. 4), deepening veterinary/dental niches; and,

KNAV Advisory’s minority funding (Nov. 18), fueling international presence.

To place it in perspective:

Mid-market and regional companies are grabbing specialty retailers—hashish (BeachFleischman and Indiva Advisors on Nov. 4), valuation (KSM and ValueKnowledge on Nov. 12), and human capital (EY and Jubilant on Nov. 11). PE-backed platforms are stacking bolt-on offers, constructing full-service powerhouses.

5 p𝗿𝗲𝗱𝗶𝗰𝘁𝗶𝗼𝗻𝘀 𝗳𝗼𝗿 𝟮𝟬𝟮𝟱

• Hyper-specialization reigns: Companies will zero in on ultra-niche areas (assume AI-driven forensic accounting), leaving generalists scrambling.

• Open structure fashions rise: CPA companies will associate with RIAs, ERP consultants and even authorized advisors to turn into one-stop advisory powerhouses.

• Cross-border micro-mergers: Anticipate international mini-deals, identical to KNAV merging in HLG Netherlands (Nov. 8), as companies chase distinctive expertise and purchasers worldwide.

• Tech-centric valuations: Proprietary information analytics or AI stacks will affect deal pricing greater than any conventional guide of enterprise metrics.

• PE-backed succession options: Exterior capital will rework associate retirements from liabilities into strategic exit or development alternatives.

For some, these strikes will open the door to scale, differentiate and turn into indispensable. For others, it is a stark warning: adapt or danger irrelevance.

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