Accounting firm BDO has announced its largest expansion ever with the acquisition of Mississippi-based Horne LLP, approximately costing $300 million. The merger is set to increase the combined firm's revenue to $3.2 billion and will extend BDO's services in disaster recovery and government, with a specific focus on the southeast US region. BDO's decision to invest in employee stock ownership and government consulting highlights a new approach to accountancy, and represents the industry's shift towards larger footprints, specialized niches, and more employee ownership.
If you’ve been watching the accounting M&A ticker lately, it feels like firms are playing musical chairs with billion-dollar balance sheets. First, Thomson Reuters grabbed San Francisco startup Additive to flex some AI muscle in tax document processin...
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