RAW Ventures
Operator-led acquisition & investment
Professional Services · Texas
Texas accounting firms are some of the highest-retention service businesses in any category. We partner with retiring CPAs and managing partners on succession, internal buyouts, and acquisitions — designed around staff continuity.
Valuation
Accounting firm valuations are driven by realization, client retention, and service mix. Firms with a strong tax + advisory mix and high realization rates trade well above pure compliance shops.
EBITDA Multiple
0.9x – 1.3x trailing revenue (or 4x – 7x Adjusted EBITDA)
Revenue Multiple
0.9x – 1.3x trailing revenue
Educational ranges based on RAW Ventures' active Texas deal flow. Your business will be valued on its specific financials and risk profile.
What Drives Value
Common Detractors
Acquisition Criteria
Revenue
$1M – $15M
EBITDA
$300K – $3.5M
Geography
Texas-headquartered (DFW, Houston, Austin, San Antonio, or surrounding metros) strongly preferred; nationwide operators welcome.
Notes
CPA-licensed; tax, audit, advisory, or blended.
Succession & Structure
Not every Accounting owner wants the same exit. We structure transactions around your timeline, your tax picture, and your relationship with the team.
Explore Succession Hub →Anonymized Texas Case Studies
Dallas–Fort Worth
$4.2M revenue
Acquisition with 3-year founder transition
Founding CPA retiring; the second partner stayed on as managing partner. Closed cleanly with full client retention through the next tax season.
Frequently Asked
Almost always. Continuity is everything in this category.
Typically retained for 2–3 years through the transition.
Confidential Inquiry
Principal-to-principal. No fees. NDA on request. We reply within one business day.
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