PKF O’Connor Davies merges in BFMM
PKF O’Connor Davies LLP, a Top 100 Firm based in New York, has added Batchelor, Frechette, McCrory, Michael & Co., a firm based in Providence, Rhode Island, expanding PKFOD’s expertise in private clubs, commercial construction and real estate firms, employee benefit plans, manufacturing and not-for-profits.
The deal is part of PKFOD’s strategic growth initiative in which the firm has been expanding its geographic reach and adding experts in some key practice areas. The BFMM team adds experience in some of the targeted industries.
Financial terms of the deal were not disclosed. PKFOD had $165.75 million in annual revenue last year. The firm ranked 29th on Accounting Today’s 2018 list of the Top 100 Firms. BFMM earned $5 million in annual revenue. The deal will add BFMM’s four partners and 26 staff members to PKFOD’s 105 partners and 755 staff.
“BFMM brings a team of recognized expertise in key areas that complement our professionals and our service offerings very well,” said PKFOD Managing Partner Kevin J. Keane in a statement. “We’ve had the opportunity to work alongside BFMM in a variety of engagements over the years and we’ve seen the quality of their people first-hand. We’re excited those top-notch professionals are now part of PKF O’Connor Davies as we continue to grow the firm and provide greater value for our clients.”
BFMM has been offering accounting, auditing, tax and consulting services to midsized and large organizations for more than 30 years..
“PKF O’Connor Davies has a strong reputation for its industry-leading practices and unmatched focus on client service,” stated BFMM Managing Partner Ned McCrory. “We’re thrilled to join forces with an established and internationally renowned firm.”
The merger means PKF O’Connor Davies will now have a total of 11 offices in five states as it continues expanding through both acquisitions and organic growth along the East Coast. Last December, PKFOD acquired GKG CPAs, a firm based in Chestnut Ridge, New York.