BDO and PKF announce merger
Accountancy firms BDO and PKF have announced their merger.
Posted by Ken Hayes
Accountancy firms BDO and PKF have confirmed plans to merge, with the process set to be completed in spring 2013.
Following business negotiations between the two firms, partners at both companies have voted to go ahead with the deal.
The new company will operate under the BDO brand name and will employ around 3,500 people, with revenue of close to £400 million.
In a statement, BDO said of the deal that it creates an enterprise with a wide geographical reach across the UK and covering different sectors.
"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," said managing partner at BDO Simon Michaels.
Managing partner at PKF Martin Goodchild stated that the new company will have "a client service ethic at its heart".
Other mergers agreed this week on the basis of a vote by partners rather than shareholders include that of law firms Dickinson Dees and Bond Pearce, who will now become Bond Dickinson in May 2013.