Following a flurry of mergers throughout 2007, many top-drawer consultants in the accounting profession believe that this year will be just as active — and that foretells myriad changes for firms of all sizes.“I feel that [M&A activity is] hitting rapid proliferation moving forward,” said Gary Shamis, managing director of Ohio-based SS&G Financial Services. “And it’s going to become more significant in this year.”

Marc Rosenberg, founder of the Illinois-based Rosenberg Associates, said that the merger market will continue to heat up for several years to come. “The reason is simple: The Baby Boomer partners at CPA firms are reaching what I call the pre-retirement years — five or so years before they need to execute an exit strategy and get their money out of their firms.”

Register or login for access to this item and much more

All Accounting Today content is archived after seven days.

Community members receive:
  • All recent and archived articles
  • Conference offers and updates
  • A full menu of enewsletter options
  • Web seminars, white papers, ebooks

Don't have an account? Register for Free Unlimited Access