BDO merges in Hilton Consulting
BDO USA has added Hilton Consulting, a Virginia-based consulting firm that helps federal government agencies improve their financial and operational performance.
The deal took effect April 1 and will add 25 staff members, including CEO Steve Hilton, to BDO. They will be based in BDO USA’s Greater Washington, D.C. offices in McLean, Va.
BDO ranked 7th on Accounting Today’s 2017 list of the Top 100 Firms, with $1.29 billion in annual revenue. Financial terms of the deal were not disclosed. The firm has been on a growth spurt in recent years, particularly as BDO USA has merged in accounting firms across the country. However, this is the third expansion in a row in which BDO added advisory services firms. Last month, BDO added LBA Wealth Management in Jacksonville, Fla., expanding its Wealth Advisory Practice (see BDO adds LBA Wealth Management). The deal with Hilton will bolster the firm’s Public Sector Practice.
“I want to welcome Steve Hilton and his team to BDO,” said Mark Ellenbogen, national leader of BDO USA’s Public Sector Practice, in a statement. “We are extremely pleased to build on our existing presence with federal government agencies by adding these highly-valued resources to our national public sector practice.
He noted that Hilton has been working with major federal government agencies for over two decades through multiple administrations in Washington.
“Hilton Consulting has a long history of serving the federal government community as a trusted advisor for achieving operational and financial improvement,” said Hilton. “By joining BDO, we will leverage the firm’s national brand and global resources to build on that strong tradition to reach the next level of growth.”