BKD adds Austin’s Teegardin

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Top 100 Firm BKD LLP will add in Austin, Texas-based Teegardin & Associates CPAs on June 1.

Teegardin specializes in tax, accounting and family office services. Financial terms of the deal were not disclosed.

The firm’s one partner, one managing director and a dozen staff members will stay in their current offices in Austin, with BKD San Antonio managing partner Jon McDowell serving as their office managing partner.

“As the state’s capital and status as one of the top technology and innovation cities in the nation, Austin has been a key target of growth for BKD for several years,” said Tom Watson, the new regional managing partner of BKD’s South Region, in a statement. “The addition of Teegardin & Associates provides exciting capabilities, broadens our reach and gives BKD a presence in the five largest business markets in Texas.”

“This is a great opportunity for all involved,” said Teegardin & Associates MP Tricia Teegardin Edwards. “We’re looking forward to joining BKD and leveraging our skills and local connections to help BKD become a leading CPA and advisory firm in the Austin market.”

Once the combination is complete, BKD will have 40 offices in 18 states, and annual revenues of approximately $660 million. The Springfield, Missouri-based firm ranked No. 13 on Accounting Today’s 2019 list of the Top 100 Firms.

Earlier in May, BKD expanded into Utah by merging in Stayner Bates PC.

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