Cloud Accounting Firm Sales Boom as Poe Group Advisors Unveils Latest Practice Listing

CHARLESTON, S.C.--(BUSINESS WIRE)--“The accounting industry has transformed more over the past few years than we have seen in our 17 years of business,” said Brannon Poe, CPA and founder of Poe Group Advisors. Poe has been facilitating the buying and selling of accounting practices throughout the U.S. and Canada since the founding of Poe Group Advisors in 2003 and as it recently listed one of its largest firms to date (a full-cloud, full-remote practice), it is evident that the accounting industry has entered a new era of service and functionality.

“Our team has had the opportunity to sell quite a few cloud-based firms over the past several years and we’ve stayed in tune with many trends that have brought about success for these businesses,” shared Poe. “One being that cloud firms typically sell for much higher multiples than traditional firms.”

Poe Group Advisors recently unveiled a new cloud listing that is accepting candidate profiles from interested buyers through Friday, Feb. 5. The company anticipates this will be one of its most competitive opportunities yet, given the present high demand and interest for cloud firms.

“This most recent listing is a fully remote, full-cloud finance outsource firm that is headquartered in Canada, but can be run from anywhere throughout North America,” said Poe. “It’s fascinating where technology has carried this industry and how we’ve seen COVID-19 only speed up the process of many practices embracing cloud accounting models.”

Poe Group Advisors’ latest cloud firm listing boasts an annual gross of $4,125,831 and is a full finance outsource company focused on growing and transforming growth-stage businesses on an as-needed, on-demand basis. The practice currently serves Canadian and U.S. clients but has the potential to garner international business.

Candidates interested in learning more about Poe Group Advisors’ newest cloud listing can learn more at PoeGroupAdvisors.com. To learn more about cloud accounting firms and to decide whether a cloud-based practice might be best for you, Poe Group Advisors has numerous resources online.

About Poe Group Advisors

Founded in 2003, Poe Group Advisors specializes in facilitating the buying and selling of accounting practices in the U.S. and Canada. Brannon Poe, CPA and founder of Poe Group Advisors, has more than 15 years of experience in mergers and acquisitions, helping CPAs write their next chapter; whether it be buying a practice that is a good fit for them or selling their practice for a profitable value. In spring of 2020, Brannon Poe launched Accounting Practice Academy, an online workshop designed specifically for accounting practice owners to grow alongside their peers in gaining the knowledge to build a more profitable practice while gaining more free time. To learn more about Poe Group Advisors, visit PoeGroupAdvisors.com and follow us on LinkedIn, Facebook, Instagram and Twitter.