From Managing Shareholder DeShayne Hoag
Over the past few years, private equity investment has become increasingly common across many industries, including accounting. It’s one of the most significant trends affecting our profession today. As more CPA firms choose to take private equity investment, clients may wonder what that means and whether it affects the relationship they have with their accounting firm.
We believe local ownership matters. That’s why we want our clients to know where we stand, how our firm is owned, and why we’ve chosen to remain independent.
Casey Peterson, LTD is locally and independently owned and operated, and we plan to stay that way.
Why firms are selling
It isn’t hard to see why private equity has become interested in accounting firms. The business of accounting offers recurring revenue, long-standing client relationships, and a history of stability. At the same time, many firm owners are approaching retirement, and succession planning has become a growing challenge for firms of all sizes.
Private equity investment can provide capital for growth and offer one solution to succession. For some firms, that may be the right decision.
It is not the direction we have chosen for Casey Peterson, LTD.
Our firm is owned by local shareholders who live and work in the communities we serve. We want decisions about our firm to stay close to the clients, employees, and communities they affect. That allows us to take a long-term view, invest where it improves our service, and maintain the ability to build the firm we want for our clients, employees, and communities.
What independence means for you
Eleven local shareholders own Casey Peterson, LTD. Those owners live and work in the same communities you do throughout Nebraska, South Dakota, and Wyoming.
That ownership shapes your experience in real ways. You work with people who know your business, understand your goals, and live in the same communities you do. As relationships transition over time, we focus on continuity and making those transitions as seamless as possible.
Local ownership also gives us the ability to invest in our people, adopt new technology, and make decisions with a long-term perspective.
Independence lets us plan for the future. We are building a firm that can be passed to the next generation of owners right here at home. Our goal has stayed the same for nearly 50 years: helping clients reach their goals while building a firm that remains strong for the people and communities we serve.
The accounting profession will continue to change, and we will continue to adapt with it. What won’t change is our commitment to local ownership, strong client relationships, and keeping decisions close to the communities we serve.