May 24, 2024

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BDO United states, LLP Brings together with MBAF, Growing Countrywide Footprint and Starting to be the Premier Accounting and Advisory Company in Florida

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CHICAGO–(Business enterprise WIRE)–
BDO United states of america, LLP, just one of the nation’s primary accounting and advisory companies, currently announced the addition of 600 pros from MBAF, a major-rated nationwide accounting and advisory firm that serves domestic and intercontinental customers across a wide vary of industries and tactics. The blend is subject matter to customary closing circumstances and is envisioned to be finished on January 16, 2021.

“With BDO and MBAF combining, our respective strengths develop an unmatched opportunity for two like-minded companies to turn into a sum significantly increased than their sections. With each other, as the foremost accounting and advisory company in Florida, we will keep our unparalleled devotion to client company and proceed to champion the middle current market throughout the region,” said Wayne Berson, CEO of BDO Usa. “Like BDO, MBAF has remained committed to excellence, balance and longevity, all while primary with purpose. These days, we officially welcome MBAF’s fantastic leadership and staff members as we foresee what’s upcoming in the 12 months in advance and place ourselves for lengthy-time period resilience and unparalleled growth.”

With ongoing expansion credited to a entire world-course workforce, outstanding consumer provider and purposeful innovation, BDO claimed a whole revenue of $1.8 billion in FY20. BDO expects to surpass revenues of $2 billion in FY21 by means of ongoing concentration on strategic combinations, new current market prospects, growing its present market presence and a concerted investment in firmwide innovation and new assistance choices. MBAF is BDO’s eighth mixture of FY21 and the tenth mix of calendar calendar year 2020.

MBAF is the biggest Florida-based mostly accounting and experienced services firm, and a single of the largest Hispanic-owned corporations in the area. MBAF presents assurance, tax and accounting, advisory, engineering consulting and non-public prosperity management providers to business owners and proven corporations ranging in dimension from start off-up corporations to entities with multi-point out and worldwide operations. Launched in 1969, MBAF was named a 2020, 2019, 2018 and 2017 South Florida Enterprise Journal Most effective Destinations to Perform finalist and a 2020, 2018 and 2017 Accounting Nowadays Greatest Accounting Organization to Do the job For. Furthermore, Accounting Currently named MBAF a Top 40 accounting and advisory firm, and Within General public Accounting named them the Ideal of the Very best firms in the country for the earlier 19 several years consecutively.

“As a Florida current market leader, MBAF’s talent, methods and geographic impact will bolster BDO’s existence in the location, and our like-minded method to philanthropy will enable us to continue to make an impression in the communities we provide,” stated Tony Argiz, CEO and Chairman of MBAF. “Recently, as we celebrated MBAF’s 50th anniversary, I reflected on the outstanding achievement our agency has understood serving our consumers by continually evolving with the extraordinary shifts in our business. Our determination to sign up for BDO comes from a position of energy to boost service to our consumers, give prospects for our folks and proceed our sturdy route of advancement in Florida and further than.”

“Continuity for our consumers and our individuals stays our best precedence as we be part of forces with BDO. Our clients will nevertheless see the exact same names and faces they’ve occur to trust more than the many years, only now with better methods and capabilities out there to all of our apply parts,” claimed Miguel G. Farra, Chairman of Tax and Accounting at MBAF. “Joining BDO makes new opportunities for our men and women, our consumers and our communities. Mixed we will supply shoppers a sturdy suite of companies, an even higher national and worldwide footprint, and obtain to market abilities and methods.”

MBAF’s achieve spans the breadth of the Florida sector, with extra places of work in New York, Maryland, Colorado, Nevada and India. MBAF’s foundational skills lies in a various set of industries, such as health care, fiscal products and services, nonprofit and foundations, automotive, sports activities and leisure, serious estate, and condominiums and associations. Empowering workers to be stewards of their communities, MBAF is the ninth-biggest corporate philanthropist in South Florida, supporting far more than 100 charitable companies.

As a element of the blend, MBAF affiliates WhiteOwl and Fiscal Administration Associates, LLC (FMA) also will be a part of BDO, with WhiteOwl becoming element of BDO Electronic. Bringing a strong brand name and very long-standing track record for excellence, FMA will turn into BDO-FMA, LLC, upon the powerful date, adding a complementary boutique nonprofit follow to BDO’s field main providers and insights for the nonprofit sector. A leading management consulting organization for nonprofit leaders building important business conclusions, FMA serves additional than 400 nonprofit businesses and the funders that assistance them during the place, providing capability constructing initiatives that advertise stable, prolonged-phrase growth and monetary resilience.

“MBAF is viewed by lots of as just one of the most profitable unbiased corporations in the country and their joining BDO marks a sizeable transform in the landscape of the profession,” explained Allan D. Koltin, CEO of Koltin Consulting Team, who advised equally firms on the transaction. “This mixture is the deal of the century, continuing BDO’s spectacular growth trajectory and bringing jointly two powerhouse corporations that share prevalent philosophies close to fostering folks-very first cultures, supplying back to regional communities and focusing on engineering and innovation as the future of the career.”

About BDO United states of america

BDO is the model title for BDO Usa, LLP, a U.S. expert expert services agency furnishing assurance, tax, and advisory providers to a extensive assortment of publicly traded and privately held companies. For more than 100 years, BDO has offered top quality services by means of the active involvement of experienced and fully commited pros. The agency serves purchasers through extra than 60 offices and more than 700 independent alliance business destinations nationwide. As an impartial Member Firm of BDO Global Limited, BDO serves multi-national shoppers as a result of a world wide community of additional than 88,000 people working out of more than 1,600 places of work throughout 167 nations around the world.

BDO United states, LLP, a Delaware restricted liability partnership, is the U.S. member of BDO Worldwide Confined, a United kingdom business limited by guarantee, and sorts aspect of the global BDO network of unbiased member corporations. BDO is the model identify for the BDO network and for just about every of the BDO Member Companies. For a lot more details make sure you check out: www.bdo.com.

Cara Lutz

Zeno Group

312-975-7567

[email protected]

Supply: BDO Usa, LLP

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