Sep 22, 2022
Terrence Putney, CPA, managing director with Whitman Transition Advisors, is among the top advisers on accounting firm mergers nationwide. Over his 44-year career, Putney has been involved with hundreds of accounting firm M&A deals and also co-written more than 20 articles on succession-related issues for the Journal of Accountancy.
In this episode of Small Firm Philosophy, Putney addresses succession and related M&A issues including:
- Three trends besides succession that are driving accounting firm M&A
- Is the current firm M&A market favoring buyers or sellers?
- What small firm partners should be doing today so they can retire in a few years.
- What a two-stage deal is and why it’s well suited for solo practitioners and small firms.
Resources mentioned in the conversation:
- The JofA “Succession Series”.
- JofA article on “The Culture Test” in accounting firm mergers
- JofA article on “A two-stage solution to succession procrastination”.
- PCPS and Succession Institute 2020 Succession Planning Survey results, analysis and resources
Click on the link to contact Terry.
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