EXPERIENCE IN BUYING / EVALUATING PROFESSIONAL SERVICES FIRMS (I.E. CPAS)?

Has anyone evaluated SMB focused professional service firms (think CPAs or insurance)? Specifically curious how transitions look for non-practitioner buyers.

Critical service for SMBs and an industry which is highly fragmented. Thinking about mid-sized teams (5/10+ accountants), not single partner firms.

Thoughts / insight welcome!



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