Despite the shock caused by the rapid emergence of COVID-19 across the world in early 2020, the professional services sector was among the industries which weathered the immediate crisis and went on to record strong performance in the face of the pandemic.
In Europe and the UK, professional services firms have continued to register strong growth, while M&A activity in the sector – which was already growing before the pandemic – has naturally followed suit. According to figures from MergerMarket, there was solid, ongoing growth in professional services dealmaking in the midst of the first waves of COVID-19.
From 2019 to 2020, M&A in the business services market increased by 57 per cent, while in financial services dealmaking grew by 118 per cent over the same period. And that’s before we even get to the sub-sectors of professional services which have been most responsive to the challenges of the pandemic, namely those relating to technology and healthcare.
Beyond the obvious strong revenue growth that professional services firms have been racking up for years now, there are a diverse array of factors driving M&A in the sector and which point to this growth continuing in the medium to long term.
Defining professional services
What’s been driving M&A?
Established Boiler Installations, Servicing & Repairs business onto the market, which is only offered for sale due to our client’s pressure of other businesses and we suspect with a slight tinge of reluctance offers this business onto the market whic...
The business has a renowned reputation in Leeds and further afield, and therefore attracts loyal and local customers from Leeds and surrounding conurbations, as well as those from further afield.
This well run practice with two offices is situated in South Wales. The practice undertakes a variety of work – all privately paid.
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