You can’t hold back the demographic tide. In the United States, another baby boomer turns 60 every eight seconds. This translates into a leadership change in the near future at many CPA firms. The number of partners reaching retirement age in the next five years will put a tremendous strain on even the best succession plans. Factors such as increased globalization and turmoil in general have caused greater competition. For many firms, a mergers and acquisitions (M&A) strategy will be the solution to these challenges.