BDO acquires MorganFranklin Consulting's public sector practice

03 July 2020 3 min. read
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BDO has acquired the public sector practice of MorganFranklin Consulting, based in Washington, DC.

MorganFranklin delivers consulting services in business, finance, and digital transformation to clients in the commercial and public sectors. Aside from its Washington-area headquarters, the company has regional offices in Atlanta, NYC, San Francisco, Nashville, Raleigh, and LA. MorganFranklin was the top-ranked Small Consulting Firm to Work For in Consulting Magazine’s 2018 list.

The firm was itself acquired by Vaco, a Nashville-based talent and search consultancy, in August 2019. Since the acquisition, MorganFranklin launched a cybersecurity practice via a rebrand of Vaco’s existing cybersecurity practice, and also added the enterprise resource planning practice of Kraft Enterprise Systems, a Nashville-based technology consultancy.

The sale of MorganFranklin’s public sector practice allows the firm to focus on its core commercial consulting business.

BDO USA acquires MorganFranklin Consulting's public sector practice

The firm’s public sector practice works with government agencies such as the Department of Defense, the US Army, and the Department of Labor, as well as various civilian and defense agencies, and several state and local government entities.

“MorganFranklin Consulting’s strong relationships, distinguished reputation and proud service history in the public sector have made them the top choice for federal and state and local government agencies,” said Wayne Berson, CEO of BDO USA. “Their trusted public sector leadership team and demonstrated quality and consistency of work bolsters our practice and enhances our offerings for current and future clients in the D.C. market and beyond.”

The practice will join BDO’s offices in Washington, DC, McLean, VA, and Potomac, MD. The acquisition will also expand BDO’s public sector practice into Huntsville, Alabama.

“BDO’s advanced accounting capabilities and investment in future-focused technologies will allow us to grow in new and dynamic ways,” said Frank Landefeld, managing director and public sector market lead at MorganFranklin Consulting. “Expanding our solution offerings via the depth and breadth of BDO adds immense value to our public sector portfolio.”

The deal follows the January acquisition of Biegel Waller’s Investment Advisory Services and Tax Advisory Services, which further bolstered BDO’s presence in the Washington area.

The Chicago-based accounting and consulting firm in June acquired Piercy Bowler Taylor & Kern (PBTK), a Las Vegas-based accounting and consulting firm with expertise in the gaming and hospitality industries.