One of the largest IDSOs in the country announced their recapitalization last quarter. It has yet to close due to the U.S. regulatory review of their new investor; to our knowledge the first entry of a Sovereign Wealth Fund into the U.S. IDSO consolidation frenzy.
While this transaction has not closed yet due to regulatory review, it is an interesting story. A very large PE firm backed this then 23-year-old IDSO granddaddy in 2015. Their initial target was an exit in 2020. The IDSO hired an Investment Banker in 2019 and were in the recap “process” in early 2020. You may recall a little bump in the road called COVID 19 which put the brakes on their exit.
Principal at Large Practice Sales
Chip Fichtner, CoFounder of Large Practice Sales has completed over $1.0 billion in IDSO partnerships in the last 24 months with dozens of IDSOs nationally. He has built, bought and sold companies in a variety of industries and has been featured in numerous media outlets. His tolerant wife of 34 years allows him to live on his airplanes visiting clients every week.
Latest posts by Chip Fichtner (see all)
- Practice Partnership Podcast Ep 19: The Process LPS Uses to Achieve Maximum Value with the Best Partners for Our Clients (with Maxwell Sellers) - March 5, 2025
- Practice Partnership Podcast Ep 18: Actual Practice Values in 2024 and 2025 Value Forecast - February 26, 2025
- The Biggest Risk to Practice Values in 2025 - February 25, 2025