The Firmlever Weekly Roundup: Issue #46
The Firmlever Network has grown in the past week from 48 to 138 accounting firms now covering 37 US states:
For full transparency we updated our homepage to show realtime stats from actual deals running on our platform.
(Next Saturday I will be making a major announcement on a new feature that if it lands the way I think, it'll be a total game changer for our industry--so be sure not to miss it).
In the past two weeks the FirmLever Network has grown and I thought I'd share some interesting stats (since we love numbers here):
- From 0 to $120M of combined revenue across 138 firms
- $2M in client listings (representing the total billings firms are selling/buying from other firms on our network)
- $4M in Buyer demand (these represent the "dry powder" our platform's firms have signaled in transaction appetite (some self-fund others choose the option on our platform for financing--but more on that in a future newsletter)
- $769K in "inventory": these are the listings that are live now where firms are seeking to transact
We also track how many clients firms are listing daily. Yesterday we were up to 20 listings per day:
Next up are actual listing from the past few days.
The first category, Available Clients listings are firms selling or offering to transfer for free a client that they have outgrown.
Notice that firms are listed anonymously where the identify is only revealed once the offering firm selects from the interested firms who click "I Want This Client":
Next we have the Client Block listings which are entire blocks of clients (think micro M&A or carve-outs) that the offering firm is seeking to divest or unload:
And finally we have the Service Referral listings where a firm is seeking to refer out a particular project that the offering firm may not have the in-house expertise to deliver on:
We're still accepting firms for early access--if you're interested you can apply to join here (then email me and I'll bump you up for early access):
In Other News
- I asked 94 CPAs why they don't refer clients to financial advisors (LinkedIn post)
- Accounting software isn't going to die all at once. (LinkedIn post)
- If you haven't seen it yet I released The Exit Ready Firm playbook (free download, reply if you want a PDF copy)
That's it for this week!
Marc
P.S. - If you want access to the new Firmlever Network you can join the public waitlist here (then email me and I'll bump you up for early access).
