Wednesday, August 7th, 2019

Merging Up – Be Aware

“Beware of little expenses. A small leak will sink a great ship.” – Benjamin Franklin

As the title says, be aware. Maybe I should also add, beware!

It has always been in the back of your mind that when the time comes, you will fund your retirement by simply merging your firm “up” into a larger organization. After all, the M&A market for CPA firms has been very hot for several years. No need to worry because you have no one in your own firm that has the skills, ambition, and desire to buy you out.

Beware, because that is beginning to change dramatically. The larger firms are not so eager to acquire another compliance accounting firm. They are seeking to make their firm more diverse and to bring in companies offering complementary services such as technology consulting, technology security and data analytics.

Here’s an example from a firm I have always admired, LBMC in Nashville:

LMBC, a leading accounting andĀ consulting firmĀ in the US Southeast, has acquired Nashville-based Think Data Insights, a national data analytics company.

Click here to read the article.

  • "Beware of false knowledge; it is more dangerous than ignorance."
  • George Bernard Shaw

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