BDO USA has branched out into the Pittsburgh market with the acquisition of Top 100 Firm Alpern Rosenthal. The deal is expected to close on December 16.
Alpern Rosenthal comes with 250 partners and staff including some located in the Philadelphia and South Florida markets.
“I want to welcome all of the partners and staff of Alpern Rosenthal to BDO. Alpern Rosenthal's prominent position and deep community ties provides us with an ideal entry point into the Pittsburgh market,” BDO’s CEO Wayne Berson said in a statement. "Alpern's entrepreneurial culture, commitment to superior client service and work life balance made them a natural cultural fit with BDO. Combined with other recent additions our firm has made in Anchorage, McLean, Minneapolis, Philadelphia and San Antonio, this is powerful evidence that our growth strategy is continuing to gain momentum around the country."
Berson has been on an “aggressive expansion program” since his term as CEO started on Nov. 1, 2012. The firm has announced seven transactions in the last 13 months including Minkunda, Cottrell & Co., Moquist Thorvilson Kaufmann and the banking practice of ParenteBeard in June. (See: New Mergers to Help Push BDO to $800 Million.)
"This is what happens when a great firm meets another great firm," said Allan Koltin, CEO of Koltin Consulting Group, who has advised BDO on previous deals. “Pound for pound, Alpern was as good as any firm in western Pennsylvania and BDO was expanding in the state faster than any other firm in the country. This combination will give the Big Four a run for their money on larger accounts but will also provide Alpern with a greater array of products, services, and industry expertise for their middle market clients."
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