Everything CPA and Private Equity with Phil and David

Whitman Transition Advisors
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Welcome to Everything CPA and Private Equity, the go-to podcast for accounting professionals navigating the rapidly evolving world of private equity. Hosted by the seasoned team at Whitman Transition Advisors, this podcast breaks down complex topics, shares expert insights, and provides actionable advice to help CPA firms understand and thrive in the private equity landscape. Each episode explores critical concepts, from investment strategies to partnership models, and features candid conversations with industry leaders and special guests. Whether you’re exploring opportunities, managing transitions, or simply curious about the latest trends, this podcast delivers the knowledge you need to make informed decisions and drive your firm’s success. Tune in, subscribe, and join us as we guide you through the intersection of accounting and private equity!

  1. Ep 13: How to Make Your CPA Firm More Valuable in Just 18 Months

    2H AGO

    Ep 13: How to Make Your CPA Firm More Valuable in Just 18 Months

    Is it really possible to drastically increase your CPA firm’s value in just 18 months?   It may sound too good to be true, but with the right strategies in place, it’s absolutely achievable. In this episode, David Wolfskehl and Phil Whitman, joined by expert guest Dave Kells, dive deep into actionable steps that can help elevate your firm’s profitability and valuation in less than two years.    In this episode, you will be able to: Uncover why profitability is a critical factor in boosting your firm’s value. Learn how operational efficiency can lead to huge improvements in valuation. Discover the low-hanging fruit that can increase your bottom line quickly. Find out how offshoring and technology can help optimize margins. Get expert advice on how to position your firm for a successful sale or private equity deal.   Listen now to learn the strategies that can make your CPA firm more valuable in just 18 months!   #CPAFirm #Profitability #FirmValuation #PrivateEquity #Offshoring #AccountingGrowth

    25 min
  2. Ep 12: The Shoemaker’s Children Syndrome Can Ruin Your Deal

    MAR 6

    Ep 12: The Shoemaker’s Children Syndrome Can Ruin Your Deal

    Is Your CPA Firm Guilty of the Shoemaker’s Children Syndrome? Many CPA firms are excellent at helping clients stay financially strong but struggle to keep their own house in order. In this episode, Phil Whitman and David Wolfskehl dive into why internal disorganization can ruin private equity deals—and how to fix it before it’s too late.   In this episode, you will be able to: Recognize how neglecting your firm’s financial readiness can cost you a deal Learn why inconsistent messaging among partners raises red flags for investors Discover how delays in providing financials can weaken your negotiating power Understand the importance of preparation in making a strong first impression Adopt best practices to ensure your firm is seen as a valuable investment   Don’t let poor preparation derail your private equity opportunities. Listen now.    #CPAFirm #PrivateEquity #BusinessGrowth #MergersAndAcquisitions #LeadershipMatters

    15 min
  3. Ep 11: From $0 to a Top 30 Firm: The Ascend Growth Story

    FEB 27

    Ep 11: From $0 to a Top 30 Firm: The Ascend Growth Story

    How Can CPA Firms Leverage Private Equity Without Losing Control?   Private equity is reshaping the CPA industry, but many firms hesitate—fearing loss of independence or the wrong financial move. So, what’s the right approach? In this episode of Everything CPA & Private Equity, Phil Whitman and David Wolfskehl sit down with David Wurtzbacher, CEO & Founder of Ascend, and Nishaad Ruparel, President of Ascend, to break down what firms need to know to maximize growth, attract top talent, and stay competitive in a changing market.   In this episode, you will be able to: Understand how private equity really works for CPA firms. Learn the key factors Ascend uses to evaluate potential firm partnerships. Discover how firms can scale faster with talent acquisition and technology. Uncover the real impact of PE on young partners and long-term leadership. Find out what sets successful firms apart in today’s competitive landscape.   Get the facts, not the fear—listen now!   #PrivateEquity #CPAFirms #FirmGrowth #TalentStrategy #AccountingLeadership

    35 min
  4. Ep 10: Why CPAs Are Betting Big on Private Equity-And Winning with Lee Cohen

    FEB 20

    Ep 10: Why CPAs Are Betting Big on Private Equity-And Winning with Lee Cohen

    Is Private Equity the Future of CPA Firms? Find Out in This Episode   In this episode of Everything CPA & Private Equity, we sit down with Lee Cohen, a CPA firm leader who made the bold leap into private equity. He shares what it’s really like post-transaction, the biggest misconceptions CPA firms have about PE, and why this model could be the key to long-term success and firm growth. From leadership evolution to staff equity opportunities, this conversation is packed with insights for any CPA firm owner considering their next move.   In this episode, you will be able to: Understand the biggest fears CPA firm leaders have about private equity—and the reality behind them Learn how private equity removes the admin burden so firms can focus on growth and client service Discover how equity buy-in programs are changing the game for young CPAs Gain insights into the new role of managing partners in a PE-backed firm Hear Lee’s personal experience on finding the right PE partner and making the leap   Listen to the full episode now!   #PrivateEquity #CPAIndustry #AccountingLeadership #MergersAndAcquisitions #FirmGrowth #CPAInsights

    29 min
  5. Ep 9: A Year to Transform: How CPA Firms Can 5X Their Valuation

    FEB 13

    Ep 9: A Year to Transform: How CPA Firms Can 5X Their Valuation

    In this episode of Everything CPA and Private Equity, David Wolfskehl sits down with David Kells, leader of the Profit Team and former COO of Citrin Cooperman, to discuss what CPA firms must do to prepare for a successful transaction. Whether you’re considering private equity or aiming to stay independent, this conversation will help you position your firm for maximum profitability and efficiency.   In this episode, you will be able to: Identify the key financial fundamentals that make your firm more attractive to buyers Optimize your people, process, and technology for maximum efficiency Understand how private equity evaluates CPA firms and how to increase your valuation Learn how offshoring can be a game-changer—and the biggest mistakes firms make Avoid the common pitfalls that reduce enterprise value and delay deals   Listen to the full episode to gain valuable insights on strengthening your firm’s position for future opportunities.   Have questions or need guidance? Contact Dave Kells at dkells@whitmantransition.com to discuss how the Profit Team can help you optimize your firm for growth, efficiency, and maximum valuation!

    22 min
  6. Ep 8: From $1M to $40M: What Private Equity Looks for in CPA Firms

    FEB 6

    Ep 8: From $1M to $40M: What Private Equity Looks for in CPA Firms

    Thinking about taking chips off the table or positioning your CPA firm for strategic growth? In this episode of Everything, CPA and Private Equity, Phil Whitman and David Wolfskehl break down the latest trends in M&A and private equity investments in the accounting profession.   In this episode, you will be able to: •Understand the latest private equity trends shaping the CPA industry •Learn what makes a firm attractive to strategic investors •Discover the factors that impact valuations and deal structures •Gain insights into real transactions—from small firms to $40M+ practices •Explore ways to maximize your firm’s value before engaging in a deal   Listen to the full episode now!   #AccountingMergers #PrivateEquityCPA #StrategicGrowth #CPAFirmValuation #MergersAndAcquisitions

    21 min
  7. Ep 7: Exploring Private Equity’s Role in Transforming the Accounting Industry with Glenn Friedman

    JAN 28

    Ep 7: Exploring Private Equity’s Role in Transforming the Accounting Industry with Glenn Friedman

    Join hosts David Wolfskehl and Phil Whitman as they engage in a thought-provoking conversation with Glenn Friedman, CEO and Co-Managing Partner of Prager Metis CPAs. In this episode, they explore how private equity is reshaping the accounting industry, driving growth, presenting challenges, and creating new opportunities for firms navigating this transformative era.   In this episode, you will be able to: Understand how private equity is driving growth and consolidation in the accounting sector. Discover the key reasons private equity firms are targeting accounting practices. Learn about the challenges firms face in aligning younger and older partners with private equity strategies. Gain insights into the evolving role of CPA firms as trusted advisors in a private equity landscape. Explore predictions for the future, including public offerings and subscription models in accounting.   Need guidance on private equity or industry insights? Contact David Wolfskehl, Phil Whitman, or Glenn Friedman for tailored advice. They’re here to help!

    31 min
  8. Ep 6: The Impact of Offshoring and Profitability on Private Equity Readiness with David Kells

    JAN 14

    Ep 6: The Impact of Offshoring and Profitability on Private Equity Readiness with David Kells

    In this episode of Everything CPA and Private Equity, join David Wolfskehl, Phil Whitman, and guest David Kells as they dive deep into the strategies CPA firms need to thrive in today’s private equity landscape. From profitability tips to offshoring insights, this episode is packed with actionable advice!   In this episode, you will be able to: Discover why profitability is the cornerstone for private equity readiness. Learn how offshoring can instantly boost your firm’s bottom line. Understand the fundamentals of tackling inefficiencies within your processes. Gain insights into aligning partner goals for impactful change. Explore the transformative power of embracing a corporate structure within CPA firms.   Tune in to uncover expert strategies and actionable insights to elevate your firm’s value and seize opportunities in private equity!   Don’t miss out—listen now and subscribe for more!

    22 min
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    About

    Welcome to Everything CPA and Private Equity, the go-to podcast for accounting professionals navigating the rapidly evolving world of private equity. Hosted by the seasoned team at Whitman Transition Advisors, this podcast breaks down complex topics, shares expert insights, and provides actionable advice to help CPA firms understand and thrive in the private equity landscape. Each episode explores critical concepts, from investment strategies to partnership models, and features candid conversations with industry leaders and special guests. Whether you’re exploring opportunities, managing transitions, or simply curious about the latest trends, this podcast delivers the knowledge you need to make informed decisions and drive your firm’s success. Tune in, subscribe, and join us as we guide you through the intersection of accounting and private equity!

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