BDO acquires tax consultancy Biegel Waller
Accounting and advisory firm BDO USA has announced the acquisition of Biegel Waller Tax Advisory Services and its 14 partners and professionals. The acquisition was finalized on January 1. Financial terms were not disclosed.
“The addition of Biegel Waller Tax Advisory strengthens BDO’s presence in the Greater Washington, DC and Baltimore area,” Wayne Berson, CEO of BDO USA, said. “Together, our clients will benefit from a broader and deeper bench of tax advisory resources. We can help clients evolve their tax strategies, understand their total tax obligations, leverage emerging technologies to improve operational efficiencies, and leverage their tax data to make more informed business decisions. I am pleased to welcome the Biegel Waller team to BDO.”
Biegel Waller is a tax consultancy based in Columbia, Maryland. BDO plans to maintain Biegel Waller’s physical headquarters, further strengthening its presence in the Washington, DC and Baltimore markets.
Biegel Waller specializes in international tax, state and local tax, tax compliance, and tax advisory services. It was founded in 1998 and works with Fortune 500 and clients in industries such as hospitality, hotel management, real estate, government contracting, IT, and sciences. It is a member of the Biegel Waller Group.
“Through the combination of Biegel Waller Tax Advisory Services and BDO, our clients will benefit from both firms’ extensive tax advisory knowledge and holistic approach to strategic tax planning,” Jim Waller, cofounder and partner at Biegel Waller Tax Advisory Services, said. “With BDO, we will have even more resources to anticipate and manage clients’ challenges in a constantly evolving tax landscape.
BDO USA is the US member of the UK-based BDO International Limited. It offers assurance, tax, and advisory services to companies throughout the United States. It operates out of 60 offices and more than 700 independent alliance firm locations nationwide. Globally, BDO employs more than 88,000 people working out of approximately 1,800 offices in 167 countries. BDO USA ranked seventh on the “Accounting Today’s” 2019 list of “Top 100 Firms.” Last year, it reported $1.64 billion in annual revenue.
“Through this expansion, BDO continues to execute its targeted growth strategy, expanding its depth and breadth of offerings in key markets across the country,” Allan D. Koltin, CEO of Koltin Consulting Group, who advised both firms on the merge. “Biegel Waller Tax Advisory Services and BDO share common cultural philosophies, including cultivating high-performing, engaged teams that provide exceptional client experiences.”
