SPRINGFIELD, Mo. and CHARLOTTE, N.C. – The leading accounting firms of BKD and DHG jointly announced they will merge to create a new, Top-10, national professional services firm with $1.4 billion in revenue, setting the stage for a national growth strategy.
With complementary operations, geographies and nearly two centuries of legacy service between them, the two firms together will operate under a new firm name that will be announced at a later date. The new firm will provide deep industry focus, expanded advisory services and career opportunities, building the foundation required for long-term growth and a stronger national presence with a gateway to global expansion.
The merger of equals is expected to close in the second quarter of 2022, subject to the satisfaction of customary closing conditions. Tom Watson, current CEO of BKD, will serve as the CEO of the new organization; and Matt Snow, current CEO of DHG, will serve as the chair. The two industry leaders said the merger will create a firm that is primed for growth in the current business landscape.
“For years, both BKD and DHG have built strong reputations as high-value, professional client service firms,” said Watson. “We’ve established complementary geographic footprints and strong capabilities in a range of critical service sectors. Together, as one organization, we will deepen our bench strength even further, allowing us to continue to serve our existing client base while also providing the resources necessary to serve an ever-increasing upstream client base.”
Snow added that the strengths of the two companies will help clients better navigate the dynamic commercial landscape. “I couldn’t be more thrilled to join forces with BKD. The scale of our combined firms, our collective talent and similar cultures will translate to tremendous benefits for our clients and team members,” said Snow. “Both of our firms have an overlapping industry focus in healthcare, financial services and private equity, coupled with other industry sectors where each legacy firm is individually strong. As one organization, we will be able to bring our capabilities to a broader range of clients, providing more innovative, client-centric services to the market.”
BKD CPAs & Advisors ranks among the nation’s Top-15 professional services firms. The firm, with offices in Erie, Pennsylvania, offers clients a variety of services in accounting, audit and assurance, and tax as well as risk management, technology and cybersecurity, wealth management, valuation services and more. Visit www.bkd.com for additional information.
With more than 2,000 people in 13 states, Dixon Hughes Goodman ranks among the nation’s Top-20 professional services firms. Offering comprehensive assurance, tax and advisory services, DHG focuses on major industry lines and serves clients in all 50 states as well as internationally. Visit www.dhg.com for additional information.
