From www.goingconcern.com: (US/UK context) ESOP accounting firm CEO Louis Grassi emphasizes the importance of ownership structures in the accounting industry amidst increasing private equity investments, voicing concerns over potential declines in service quality and client relationships under PE control.

Grassi advocates for ESOPs as a viable alternative, suggesting they empower firms to balance growth ambitions with the maintenance of professional values.

Many mid-tier firms fear losing their unique identity and client focus as consolidation trends drive them to consider PE funding.