Private equity gives accounting firms a boost in growth.

TLDR:

– Private equity lifelines are spurring growth among accounting companies.

– Selling stakes to private equity is a response to a worker shortage and a desire for growth.

In a response to a worker shortage and a desire for growth, accounting firms are turning to private equity for investment. This trend has led to more consolidation in the industry, with firms like Eisner Advisory Group LLC experiencing significant revenue boosts and expansion as a result of private equity investments. Since Eisner’s successful deal, at least nine other accounting firms have followed suit, selling stakes to private equity firms to fuel their growth and expansion. This trend is expected to continue, with top firms like Grant Thornton and Baker Tilly also completing private equity deals in recent months.