and three reasons that firms hesitate.
by marc rosenberg
cpa firm mergers: your complete guide
as a generation of aging baby boomer partners marches towards retirement, thousands of firms are seeking the only exit strategy available to them – merge into another firm. thus has a voracious appetite for mergers been created at all size levels, particularly:
- sellers who are sole practitioners and multipartner firms under $2 million
- buyers with annual revenues of $3 million and larger
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do mergers work?
ask a partner from a smaller firm that merged upward whether the match has proven successful, and the likelihood is you’ll get a less than enthusiastic response. why isn’t this partner jumping for joy? is it because the merger didn’t work? usually not.
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