:format(webp)?_w=3840)
Market Insight: Accountancy Services in Ireland
The first instalment in our Professional Services Report Series, reviews accounting services in Ireland and explores the latest market trends, valuation developments and recent M&A transactions.
Of particular interest to professional services business owners will be why the sector is attracting strong investor interest and premium valuations and what the underlying drivers are for further consolidation.
:format(webp)?_w=3840)
Key Highlights:
The demand for professional services globally has increased as businesses adapt to technological disruption, cybersecurity challenges and sustainability mandates.
Ireland has positioned itself as a global leader in professional services driven by the tax environment, highly skilled English-speaking workforce and as a gateway to European markets.
M&A activity in Ireland has followed global patterns and domestic buyers lead the way but there is consistent interest from international buyers including the UK (26% of 2024 volume) and the US (15%).
Private equity is attracted to accounting services by stable profitability, low capex, opportunities for consolidation and upside from tech investments to optimise efficiencies.
"The professional services sector has evolved and developed significantly in the last decade with the increased digitisation of service offering, requirement for cross border service offering, and challenges attracting and retaining talent all key drivers. The pace of consolidation in the sector has increased dramatically in the last 24 months and we expect this to continue as scale, service offering and technology investment all favour the larger market participants."Richard Tunney, Managing Director, Corporate Finance at Key Capital
:format(webp)?_w=3840)
Download the full report now and gain valuable insights in the Professional Services M&A market globally and in Ireland.