BPM merges in Gumbiner Savett

BPM LLP, a Top 50 Firm based in San Francisco, added Gumbiner Savett — a longtime leader on the West Coast, headquartered in Santa Monica, California — effective July 1.

The deal expands BPM’s footprint in Southern California. Financial terms were not disclosed. BPM, formerly known as Burr Pilger Mayer, ranked No. 44 on Accounting Today’s 2021 list of the Top 100 Firms. The firm is forecasting $170 million in annual revenue, including revenue from Gumbiner. Gumbiner Savett ranked No. 25 on the Regional Leaders list for the West, with $18 million in annual revenue. BPM, which dates back to 1986, has 59 partners and 821 employees, including the partners and employees joining from Gumbiner Savett.

The deal represents the latest in a series of mergers among accounting firms as the economy rebounds this year from the COVID-19 pandemic, spurring M&A activity.

BPM sign

“Founded more than 70 years ago, Gumbiner Savett is widely recognized for providing outstanding assurance, tax and consulting services to a diverse array of clients in Southern California and beyond,” said BPM CEO James Wallace in an email Thursday to clients. “Like BPM’s full-service model, Gumbiner Savett’s team-based approach in all aspects of client services is crafted to help clients succeed.”

BPM plans to rebrand Gumbiner Savett’s Santa Monica office under the BPM name, joining BPM’s existing locations acround California along with Eugene, Oregon, and Bellevue, Washington.

“This combination with BPM will allow us to serve our clients even better through enhanced resources and capabilities, including many new specialty services,” said Gumbiner Savett managing director Rick Parent in a statement Thursday. “We are excited to share this news with our clients and continue to find new ways to support and grow their businesses.”

BPM previously added in Rossi LLP, a firm in Long Beach, California, last November. Last October, it merged in NetSuite reseller Caravel Partners and, in August, it added Warnick, Maestas & Maroney, a firm in Irvine, California.

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