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Revolutionizing CPA Firms with Private Equity
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Subscribe25 NOV 2024 / FINANCE
Private equity firms are making significant investments in accounting businesses like PKF O’Connor Davies and Carr, Riggs & Ingram, with the aim of transforming the profession. A successful bid for Grant Thornton UK by buyout group Cinven, potentially astronomical growth in the professional services sector, and the rumored appointment of Apollo CEO Marc Rowan as Treasury Secretary all point to a future where CPA firms could become full-service financial consultants, expanding their service offerings, catering to bigger client bases, and helping to majorly innovate the accounting industry.
Private equity is making bold moves, and the accounting world is next on its radar. With heavyweight investments in CPA firms like PKF O’Connor Davies (PKFOD) and Carr, Riggs & Ingram (CRI), it’s clear private equity is gearing up to reshape the profe...
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