Who We Are

Florida's most trusted name in CPA firm M&A.

Formed in 1997 to fill a niche in the South Florida market — today an authority in the field.

We Wrote the Book

The Complete Guide to M&A of CPA Firms

By Cindy Ragan
CVA, Economist

Cindy-Ragan

Ragan & Associates, PA was formed in 1997 to fill a niche in the South Florida market. The founder, Cindy Ragan, was actively involved in M&A and business valuations when they realized that the CPA market was highly specialized and under served. As they began serving the accounting industry exclusively, they formed Ragan & Associates, PA. After 29 years in the industry they have become authorities in the field, speaking regularly at FICPA, AICPA, accounting and tax organizations and conferences around the state and the country.

Cindy Ragan is the founder and President of Ragan & Associates, PA. She has a Masters Degree from George Washington University in economics and finance and is also a Certified Valuation Analyst (CVA) from the National Association of Valuation Analysts. She is author of “The Complete Guide to Mergers & Acquisitions of CPA Firms”, approved by the Board of Accountancy as an open book test for 10 CPE credit hours and also considered an industry expert in the valuation of CPA, Tax and Accountings firms and speaks regularly at FICPA and industry conferences. Ms. Ragan worked as an Economist on Wall Street before relocating to South Florida to become an entrepreneur. She has founded and sold several businesses of her own over the past 25 years and has been a management consultant and business valuation analyst for the CPA industry for the past 30 years. Ms. Ragan authored another book for small businesses titled “How to Value & Sell Your Business”. Ms. Ragan is also an adjunct professor of economics and business.

Proven Industry Leadership

Florida's oldest and largest firm specializing in CPA sales.

Our principal, Cindy Ragan, a CVA and Economist, has written the book “A Complete Guide to Mergers & Acquisitions of CPA Firms” and speaks regularly at FICPA and AICPA conferences. As the oldest and largest firm in Florida specializing in CPA sales, our reputation is built on decades of impeccable ethics and full disclosure.

From Blog

Many of our competitors promise their clients all cash deals. But we have found that those are the worst M&A transactions for long-term success, for both parties.

If the Seller gets all cash at closing then he/she has no incentive to carefully transition the clients over time, and it takes time. Instead, they are off sipping martinis, believing they got the best deal ever, only to find themselves in court a year later.

Once the Buyer realizes that he/she is not going to get all of the clients/revenue that they paid for, they litigate. And a majority of the clients won’t transfer without Seller involvement, so attrition will be high.

We know this because they call us as expert witnesses. In addition, all cash deals get lower multiples because all of the risk is with the Buyer, so they pay less.

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