The professional services landscape continues to evolve, and one of the most notable trends we are seeing this year is the growing influence of private equity across professional practices, particularly in the accounting and legal industries.
For decades, succession in many professional firms meant internal partner buyouts or gradual ownership transitions. Today, private equity-backed groups and consolidators are entering the market and creating new opportunities for growth, investment, and ownership transition. While regulatory considerations still shape how some of these transactions are structured, the trend highlights how the business side of professional services is becoming increasingly strategic.
For firm owners, this means succession planning should start earlier than many expect. Buyers are looking for firms that can operate smoothly without the owner being involved in every client relationship or operational decision.
One helpful tip is to begin gradually delegating client relationships and leadership responsibilities to other team members. Building depth in your firm not only strengthens operations today but also increases confidence for potential buyers down the road.
Another simple step is maintaining clean and organized financial reporting. Consistent financials make due diligence easier and help buyers better understand the strength of the practice.
Whether your future involves private equity-backed buyers, a strategic merger, or an individual successor, preparation remains one of the most important factors in a successful transition.
At Private Practice Transitions, we are here to help professional practice owners navigate these opportunities with clarity and confidence.
Wishing you a great month ahead!
- Justin Farmer, Esq., CBI
President & Founder of Private Practice Transitions
DAD JOKE OF THE WEEK:
What do you call a leprechaun’s vacation home?
A lepre-condo
FEATURED BLOG:
How Private Equity Strategies Are Reshaping Professional Service Firm Succession
For years, most professional service firms had just a handful of exit options: sell to a partner, merge with a similar firm, or slowly wind the practice down. That playbook is changing, and changing fast.
Private equity has moved decisively into professional services, transforming how owners think about growth, valuation, and succession. What was once capital aimed at manufacturing, retail, and tech is now actively targeting accounting, tax, healthcare, legal, and other professional practices, often at valuations and deal structures traditional buyers can’t match.
Over the past 21+ years, our client has built a fully virtual firm offering a broad range of CFO and accounting services. As of March 2026, the Practice serves approximately 37 active clients. Estimated 2025 revenue by service line was comprised of 96% Client Advisory Services and 4% Other. In 2025, the Practice brought in $1,423,934 in gross top-line revenue, an increase of 29% from 2024. The Practice’s continued success is driven by its commitment to delivering high-quality service, thoughtful guidance, and deep expertise in complex financial matters, all while maintaining a personalized approach. Including the Owner, the team consists of 15 staff members, including three offshore team members engaged through an agency headquartered in India. To support a successful handoff, the Owner is willing to provide transition assistance for an agreed-upon period, including support with goodwill transfer, business development, and mentoring functions to help position the new owner for long-term success. This opportunity is well-suited for a buyer with business management experience or someone with the drive, aptitude, and commitment to build and lead a successful accounting practice, particularly one who understands the value of business development and marketing.
LISTINGS COMING SOON!
Listing 1256 - Successful Virtual Appellate Law Firm
If you are interested in any of our available or coming soon listings,please email us and indicate the listing name and number in the subject line, or call us at 253.509.9224.
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