Fees
A search process for firms that are ready to begin a process of seeking a merger or acquisition, or wishing to find a firm they can sell or merge their practice into.
Buyers
Every opportunity is time sensitive and requires the proper timeframe to mature. There are five timeline stages a firm progresses through in the selling or merging.
Sellers
We can help firms looking to find merger or acquisition candidates or help a merger or acquisition candidate find a firm to transition or sell their practice to.
What Size Firms Do We Assist?
We can help you seek a $100,000 practice or a multi-million dollar firm. There are different questions to ask and typically different needs in place for transitions of varying size, but the search process is identical.
Every Partner/Owner Sells at One Point
Each firm goes through a lifecycle. At different stages they require solutions to address the phase the firm is in. At one point every firm is faced with transition issues. Partners need to exit their practice, which creates obstacles for one firm and opportunities for another. If executed properly, all parties can achieve a successful and fair transition out of or into a practice, while helping the surviving firm grow.
Transition Needs Create Buying Opportunities
One achievable method of growing is to purchase or merge with another firm. This provides short-term opportunities to increase profits and grow niches, but in the long-term value it builds the equity and selling price of the surviving firm. We help you create an M&A strategy and our in-house executive callers become the first line of conversation with your potential merger or acquisition candidates.
Visionary’s Role is to Help Firms:
- Develop a strategy; type and size of firm to pursue have clearly set messages. For example, are you willing to make them an equity or income partner?
- Create a list of candidate firms to begin talking to.
- Develop a transition plan or exit process so you can begin to prepare for conversations with candidates we find.
- Create a pipeline of opportunities. Not all opportunities will be immediate fits. Once a candidate is identified it could take several years for some firms to be ready to merge, be acquired or sell.