Sustainable independence: Why we’re embracing strategic interdependence

By Steve McDonald, CPA

I recently wrote about our firm’s vision of an independent future. While this vision does not rely on private equity, it is not self-reliant. Autonomy does not mean isolation. On our path to sustainable independence, we’re embracing strategic interdependence.

What is strategic interdependence?

At Abdo, strategic interdependence means intentionally building relationships that expand our thinking and strengthen our future. We’re leaning into collaboration—not because we lack direction, but because we recognize the power of shared wisdom. Here’s how we’re putting that into practice.

How we’re embracing strategic interdependence

• Seeking outside perspectives. We’re engaging leaders beyond the accounting industry—especially from sectors we serve—to challenge our assumptions and shape how we structure and lead our firm.
• Leveraging associations. Our relationship with DFK International provides a trusted peer network for idea exchange, benchmarking, and global context.
• Developing leaders through shared experience. From Vistage to YPO, our partners are embedded in leadership communities that stretch their thinking and bring fresh insight back to the firm.
• Investing in education and the next generation. We’re deepening ties with colleges and universities to cultivate talent and ensure our profession stays strong for years to come.
• Collaborating with like-minded firms. We’re forming alliances—not transactions—with firms that share our values and want to grow through aligned purpose, not just capital.
• Exploring mergers based on fit, not exit. While we remain committed to independence, we’re open to mergers where values, vision, and culture align—not financial takeovers, but strategic partnerships.

Why strategic interdependence matters

Strategic interdependence is not just a philosophy. It’s a practical response to the complexity of our profession and the expectations of today’s clients.

• Client needs are evolving. Our clients are operating in more dynamic, fast-moving environments than ever before. Meeting those needs requires more than technical expertise. It demands agility, perspective, and collaboration.
• The old model doesn’t scale. What worked 10 or 15 years ago may no longer serve us. Firms that rely solely on internal resources often hit limits in talent development, innovation, or operational excellence.
• Independence doesn’t mean going it alone. Strategic interdependence allows us to share best practices, invest in people, and meet operational needs—without compromising ownership, values, or culture.
• Innovation accelerates through connection. The best ideas don’t always come from within. Collaborating with others outside of our firm allows us to see around corners and drive smarter, faster change.
• Sustainable growth is rooted in values, not capital. We’re not chasing short-term liquidity events. We’re building a long-term platform where shared values and strategic partnerships are the foundation of progress.

What does strategic interdependence look like for your firm?

Many firms have said they are “fiercely independent,” but this is misleading—no one does it alone. Building relationships with firms and individuals beyond our walls is how we’ll create a sustainable future.

If you’d like to explore opportunities to shape the future together, let’s talk. Contact us today.