The accounting industry in Australia is a $20 billion industry, with the big four firms PWC, Deloitte, KPMG, and Ernst & Young, accounting for 38 percent of the total revenue. The Industry has grown steadily over the past five years, in line with growth in the broader economy.
A significant amount of merger, acquisition, and consolidation has occurred at the top end of the market with firms eager to acquire small and mid-market professional service firms to grow their client base and boost fee revenue. Many of these firms are not accounting firms but firms involved in data analytics, industry and legal services amongst others. This is demonstrative of the major push of many firms to become a ‘one-stop’ professional services provider to their clients
There are a number of factors that have a direct impact on the valuation of accounting firms, such as:
- The composition of the client base and fees;
- The potential for scalability;
- The quality of systems, procedures, and protocols in place;
- The staffing arrangements and IT adoption, and;
- The growth prospects of the business
Expert Report: Sale, Merger, and Valuation of Accounting Firms
Based on our significant experience in working with accounting firms, Quinn M&A has developed an Expert Guide on the Sale, Merger, and Valuation of Accounting Firms. This guide is an invaluable resource, allowing accounting firms to understand the current state of their industry, how accounting firms are valued and what factors need to be considered when selling an accounting firm.
Our Experience and Expertise
At Quinn M&A, we have significant experience in advising on the sale, merger, acquisition, and valuation of accounting firms. Our advisors understand the industry, are acutely aware of the value drivers for the accounting industry and have a track record of negotiating premium sale outcomes for shareholders of accounting firms.
Shareholders of accounting firms can trust Quinn M&A to provide expert advice in a range of areas, including:
- Business, company and shareholding valuations for accounting firms;
- Advice to assist with the acquisition of accounting firms;
- Due diligence advice for accounting firm acquisitions or sales;
- Full brokerage service for the sale of accounting firms, and;
- Legal advice.
Clients and advisors who require assistance with undertaking the sale, merger, acquisition or valuation of an accounting firm are encouraged to call us on 1300 784 667 to schedule a complimentary consultation with one of our Directors.