Sell a Accounting & CPA Firms business

Owner-operator accounting & cpa firms businesses trade at 1x–1.8x SDE for typical $500K–$3M SDE ranges. At $3M+ EBITDA scale the same operators sell at 7x–12x EBITDA. Multiples in this category are ebitda-based and data-sourced from AICPA Market Pulse 2025 + Vault Consulting Report. Where you land in the range is driven by growth trajectory, revenue mix, customer concentration, and management-team depth beyond the owner.

Ascend (BDO adjacent), Aprio (backed by Charlesbank + Warburg Pincus), EisnerAmper Ignite (TowerBrook), and Bennett Thrasher have driven the CPA-firm consolidation wave since 2022. Active buyer archetypes in professional services include PE-backed professional platform, Regional strategic peer, Successor / partner buy-in. Which of these bids for your business depends on scale — sub-$1M SDE is typically individual or search-fund territory, $1-3M SDE opens up PE platforms and strategics, and $3M+ EBITDA gets full LMM buyer attention.

CPA firms with recurring assurance work (audits, reviews) trade at 30-50% premium to tax-only practices — the annual audit engagement is the stickiest revenue in professional services and PE buyers pay up for it. Beyond the industry-specific factor, the universal drivers in professional services are recurring engagement revenue (retainers, annual audits, ongoing counsel); partner or senior-team retention post-transaction; niche specialization (industry vertical or service specialty).

CPA firms face significant partner-retention risk post-close; buyers require 3-5 year stay agreements with meaningful stay bonuses from key partners. Buyers in this category also standardly scrutinize rainmaker concentration — one partner drives a disproportionate share of revenue and client relationships tied to owner personally. Addressing these in advance in a well-prepared CIM materially reduces retrade risk during diligence.

Typical transaction range for accounting & cpa firms is $500K–$50M in annual revenue. Below that, buyer pool narrows to individual and small-search-fund. Above that, PE platforms and strategics dominate. NAICS code 541211 — buyers screen by NAICS in most deal sources.

From the day you engage a broker to close, expect 6–12 months for a well-prepared business in professional services. The prep work — financial cleanup, addbacks documentation, key-employee retention agreements, real estate lease sorting — is where 3-6 months of the timeline hides. Starting that early is what separates a full-multiple exit from a discounted one.