What big firms are or have been safe so far of selling out to PE??

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CLA has very publicly said they don’t want PE money. That said if someone offers enough, I think most people would cave.

8 of the top 20 (excluding Big4) firms are left as pure play partnerships. 2 have alternative structures (CBIZ & BDO). The remaining 14 have PE money involved.

RSM, Forvis, CLA, Crowe, Plante Moran, Wipfli, and Withum are the holdouts right now.

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RSM is currently prepping for a future PE deal

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Only the B4

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F

B4

Forvis Mazars

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