Legal and tax services firm Andersen Global is evaluating an initial public offering for its U.S. business.
Nearly all the accounting firms 264 participating partners voted to support a potential IPO earlier this month, according to a WSJ report on Monday, which cited internal memos viewed by the publication.
Andersen CEO Mark Vorsatz told partners that Andersen is targeting an IPO for late next year, according to the report. Vorsatz is also evaluating an investment from a private-equity firm or private family-owned company.
Andersen Global competes with H&R Block (HRB) and CBIZ Inc. (CBZ), among the few publicly trading companies that provide tax services.Andersen Global is a tax and legal services firm that was formed at least partly by some former Arthur Andersen partners after the collapse of the accounting firm in the early 2000’s due following the Enron scandal.
