BKD, an accounting and advisory firm in the US, has agreed to merge with Chicago-based accounting firm Wolf & Company.
The merger will see Wolf becoming a part of BKD from 1 November 2014. The deal will also bring 140 personnel, which includes 18 partners, to BKD team.
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Following the merger, Wolf Managing Partner Russell Romanelli will join BKD as managing partner of BKD Chicago, which will serve clients from its Oakbrook Terrace office.
Through this merger, BKD will now have 34 offices in 15 states and $475m in revenue.
BKD provides services such as wealth management, private equity, corporate finance, business transition, international business, forensics, valuation and technology, while Wolf serves in areas including health care, manufacturing, construction, financial services and not-for-profit.
Ted Dickman, CEO of BKD, said: "In addition to our cultural similarities, both firms focus on offering high-quality service to clients and rewarding career opportunities for our associates. This combination gives us a strong physical presence in the nation’s third-largest market, where we have been looking to get on the ground for several years."
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By GlobalDataRomanelli said: "This is going to have huge benefits for Wolf, BKD and our clients. Together, our vast knowledge and resources will help us provide better service to an increasingly complex mix of clients."
