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?
This UK-based company is a leader in specialist cleaning services, boasting top-tier equipment and an impressive client retention rate, while accredited by several key industry bodies. With an experienced operations manager capable of independently d...
This business, known for its expertise in bespoke modular and containerised data centres, stands out with its impartial product advice and commitment to quality, as evidenced by its ISO 45001 and ISO 9001 certifications. With 70 active clients and a...
his well-established company offers unique and premium behavioural training solutions and fully managed feedback services, making it a leader in the learning and development sector. With a strong client base and a reputation for facilitating high lev...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.