BPM merges in Croce
BPM LLP, a Top 100 Firm based in San Francisco, has added Croce & Company, another California-based firm.
The combination will extend BPM’s geographic footprint in California’s Central Valley to Stockton. Croce adds a strong agriculture and consumer manufacturing practice, enhancing BPM’s existing industry portfolio.
“We’re excited to combine with Croce and solidify the BPM brand in key markets,” said BPM CEO Jim Wallace in a statement Wednesday. “We continue to look for business combination partners who are like-minded and committed to their clients and people – this partnership embodies that philosophy.”
Financial terms of the deal were not disclosed. BPM’s total revenue for fiscal year 2018 was $97.6 million. The firm ranked 50th on Accounting Today’s 2018 list of the Top 100 Firms.
“This combination solidifies the BPM brand in key markets and allows us to provide additional resources to our clients and offer more opportunities to our associates,” said Wallace in an email Wednesday to clients.
Croce was founded in 1987 and offers accounting and advisory services to clients in different industries in addition to agriculture and consumer products. All of Croce’s 22 employees will remain at their current location and operate under the BPM name, short for Burr Pilger Mayer. Larry Solari will join BPM as managing partner of the Stockton office, while Duane Bulthuis will become a partner at BPM and Jennifer Marchini will become a director. Croce’s founding partner, Rudy Croce, will join BPM as “Of Counsel.”
“The BPM brand is very well respected in the marketplace,” said Croce shareholder Larry Solari in a statement. “By joining BPM, we have the opportunity to diversify our capabilities and offer deeper resources for our people and clients.”
Last year, BPM expanded into Southern California by combining with Kramer & Olsen Accountancy Corporation, a firm based in Orange County.