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 by the vendors in 2000, this innovative and forward-thinking company recognised the potential to form a new category in the buoyant engineering sector and have established a successful and reputable business providing innovative engineeri...
Established over 20 years; owned by current shareholders from inception. Excellent reputation in sector and high levels of client retention.
Market-leading provider of outdoor activity clothing and equipment. Has developed strong relationships with a number of sought-after brands within the sector. Strong second-tier management team and knowledgeable staff in place. Operates from freehol...
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