1、Professional and Tech-Enabled Services Sector Brief Harris Williams|Q3 2024Professional and Tech-Enabled Services|Q3 2024Subsector Overview:Accounting and Advisory FirmsAccounting and advisory companies continue to see increasing interest from private equity investors and strategic players.Several k

2、ey attributes are driving investor interest.Accounting and advisory have a favorable and steady demand and growth trajectory,which appeals to private equity firms.Investment in technology to enhance productivity,workflow optimization,and leveraging specialized expertise are core drivers of investmen

3、t opportunities.Robust Growth OutlookOutsourced financial services space remains highly fragmented,which is a desirable characteristic for private equity firms seeking a buy-and-build thesis across both service lines and geographies.Fragmented Market Solutions via automation and introduction and/or

4、advancement of offshore resources provide avenues for productivity enhancement.Private equity firms are attracted to these options to improve companies margin profiles.Opportunities for Operational ImprovementMany firms have deep relationships with clients,recurring contracts,and regulatory driven d

5、emand that enables highly reoccurring and predictable revenue.Given the core,mission-critical requirement for accounting and advisory services,combined with increasing complexity in the Office of the CFO,demand for these professional services is resilient regardless of the market environment.Downsid

6、e Protection1Professional and Tech-Enabled Services|Q3 2024What Were ReadingRecent Harris Williams Industry Content“Accounting firms,consultancies and other professional services take outside cash to fund growth.Private equity is accelerating its pursuit of consultancies,talent agencies and accounti