BDO adds SWC Technology Partners, expands advisory services
Chicago-based accounting and advisory firm BDO USA has acquired SWC Technology Partners, LLC, a provider of IT solutions to midsized businesses in the Midwest. The acquisition adds to BDO’s advisory service practice.
Terms of the deal were not disclosed. SWC is based in Oak Brook, Illinois, and its addition to BDO brings nine principals and 215 more staff to the firm.
SWC’s expertise is in technology solutions that match the needs of mid-market organizations, including managed services, data analytics, cloud computing and custom application development. It also includes infrastructure solutions such as unified communications, enterprise networking, directory services, and network security; and software solutions like Microsoft Office 365, business intelligence, mobile and customer relationship management development.
SWC Technology Partners will operate as a wholly-owned subsidiary of BDO USA, with all current personnel operating from their existing office in Oak Brook and satellite office in Indianapolis.
“We are extremely pleased to add the impressive resources of SWC Technology Partners to our advisory services practice,” said Jay Duke, national managing partner for advisory services at BDO USA, in a statement. “Like BDO, SWC has been a valued business advisor to middle market businesses for many years, providing technology solutions that match the needs of midmarket organizations. In adding SWC, which has more than 400 clients, we’ve added a well-established, regional player that we can build into a market leading national platform.”
“For the last 35 years, we’ve helped leading middle market companies innovate, transform and grow by harnessing information technology to meet their business needs,” added Bob Knott, president of SWC Technology Partners and now a BDO principal. “By joining BDO, a leading national brand with expansive global resources, we will have a wider platform and more delivery channels to continue building upon our success. BDO’s entrepreneurial culture and the firm’s well-earned reputation as an outstanding workplace fits well with our own. Our people will now have more opportunities to serve a broader client base and to grow their careers.”
BDO is No. 7 on Accounting Today’s Top 100 Firms of 2018 list.