ArticleRF Resources Featured in Crain’s NY Article on CPA Mergers “From Minnows to Marlins”
In an interview with Crain’s NY, RF Resources President, Robert Fligel, CPA, offers insight as to how mergers help smaller fish compete in an environment that favors larger accounting firms. According to his analysis, Fligel shares that approximately 1 in 3 NY Metro area CPA firms would be changing hands in the next five years, creating what some call a “merger mania”.
That in mind, Fligel cautions firms to have done their due diligence before taking action. “It’s tough competing here [in NY],” he said. “It’s critical for today’s companies to have good advisers, good attorneys, good facilitators and good brokers, which means people who have done these kinds of transactions in their industry before.”
If you’d like to discuss this or any other issues related to your practice or career, please don’t hesitate to contact me. My direct line is (212) 490-9700 or email me here. Absolute confidentiality always assured. - Robert Fligel, CPA
P.S. See RF Resources featured in the Crain’s NY article "From Minnows to Marlins".