Karbon Expands Practice Marketplace for Global Accounting Firm Acquisitions
Deal News | Feb 26, 2025 | EIN
Karbon announced the expansion of its Practice Marketplace, initially available only to Karbon customers, to include all accounting firms looking for M&A activity. This expansion comes in response to heightened global demand driven by increased private equity investment, succession planning needs due to an aging workforce, and industry consolidation. The platform facilitates connections between buyers and sellers of accounting firms, ensuring an accessible and efficient acquisition process. Additionally, Karbon's Partners Marketplace connects firms with M&A experts, business coaches, and other advisors. The initiative aims at helping firms thrive in the changing landscape of the accounting industry by leveraging seamless digital processes and expert guidance.
Sectors
- Accounting
- Software as a Service (SaaS)
- Private Equity
Geography
- United States – The largest number of participating firms in Karbon's marketplace activity are located in the U.S.
- Canada – Canada is mentioned as a significant participant in the Practice Marketplace by Karbon.
- Australia/New Zealand – These countries are listed as key regions where firms are actively engaged in the Karbon marketplace.
- United Kingdom – The UK is included as a participating country in the global M&A activities on the Karbon platform.
- South Africa – South Africa is mentioned within the global participation context in Karbon's Practice Marketplace.
Industry
- Accounting – This industry is directly involved as the Practice Marketplace targets accounting firms for mergers and acquisitions.
- Software as a Service (SaaS) – Karbon offers a collaborative cloud platform to streamline operations, which falls under the SaaS industry.
- Private Equity – The article discusses the rising interest of private equity in accounting firm acquisitions, influencing M&A activity.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Karbon | Service Provider | Company | Karbon is a global leader in accounting practice management software, providing tools to facilitate M&A among accounting firms. |
| Mary Delaney | CEO | Person | CEO of Karbon, providing leadership and strategic direction in expanding the Practice Marketplace. |
| Joe Carufe | Program Lead, Practice Marketplace | Person | Lead of the Practice Marketplace program at Karbon, overseeing marketplace activities and expansion. |
| Tidemark, Five Elms, and Blackbird | Investors | Company | These firms are backers of Karbon, supporting its growth and strategic initiatives. |