Merger finalised between BDO and PKF
BDO and PKF have finalised a merger after agreement was reached with partners at the two firms.
The merger, which was revealed by TheBusinessDesk.com last month, will complete by spring 2013 and will see the enlarged organisation trade under the BDO brand.
It will employ 3,500 people in the UK generating revenues approaching £400m and will see PKF’s UK business separate from its international operations.
Simon Michaels, managing partner of BDO, said: “This is transformational, for our two firms but also the broader market. We’re delighted that two firms with similar cultures and a focus on client service will combine to create an even stronger entity next year.
“The merged business will have firm financial foundations and an ambition to grow. Both firms employ many talented people capable of delivering quality work to a range of clients, across audit, tax and advisory.”
Martin Goodchild, managing partner at PKF (UK), added: “The strategic decision to merge has now been made by the partners of both firms. Our primary focus as we move to completion will be to ensure both our clients and people benefit from the merger; they will be working with a resilient partnership leading from a position of strength and with a client service ethic at its heart.”