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Succession a big factor in accounting M&A activity

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The current spate of mergers and acquisitions across the accounting industry is a result of several dynamics, including succession plans and a Covid hangover, according to AJ Chambers director James Gosling.

25th Mar 2024
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The accounting industry has been the subject of several acquisitions so far this year, with the likes of Sumer and Baker Tilly both snapping up firms and a spate of smaller deals also completing.

James Gosling, director at AJ Chambers, spoke to AccountingWEB about the market and why there’s so much activity.

Several dynamics

“There's several dynamics at play at the moment - a little bit of a hangover from COVID certainly had a lot of individuals look closer and review their life choices,” he said. “A number of people expedited their retirement during that time.

“For the last few years, there's been a number of other factors at play that’re now driving what we're seeing in the market.

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