CHICAGO--(BUSINESS WIRE)--Jun 30, 2020--
BDO USA, LLP, one of the nation’s leading accounting and advisory firms, today announced the addition of MorganFranklin Consulting’s public sector practice, based in Washington, D.C. The combination is subject to customary closing conditions and is expected to be completed on July 16. With this divestiture, MorganFranklin will now focus all energy and investment on expanding the company’s core commercial consulting business as Vaco’s global consulting platform.
“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. We look forward to welcoming the talented professionals from MorganFranklin Consulting’s public sector practice to BDO.”
MorganFranklin’s public sector practice specifically works with a diverse portfolio of government agencies, including the Department of Defense, the US Army, the US Marine Corps, the Department of Veterans Affairs, the Department of Labor, and various civilian and defense agencies and commands, as well as several state and local government entities.
“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. We know that joining BDO will not only propel our clients forward but will also provide significant career development opportunities and valuable support for our professionals.”
“As our public sector team prepares to transition to BDO, we are grateful for their client work as well their contributions to our strong culture, which aligns well with BDO’s dedication to helping people thrive,” said Chris Mann, MorganFranklin’s Managing Partner and CEO. “This divestiture helps MorganFranklin sharpen our focus on the continued expansion of our core commercial consulting business.”
With the recent addition of its cybersecurity practice and the acquisition of the Microsoft ERP practice from Kraft Enterprise Systems to an already diverse suite of services, MorganFranklin continues to pursue its vision to be a premier global finance, technology, and business services firm that solves complex transformational challenges for its clients.
Propelled by recent expansions this past January with Biegel Waller’s Investment Advisory Services and Tax Advisory Services, BDO’s targeted growth in the Greater D.C. area has maintained its momentum despite the economic slowdown. MorganFranklin’s public sector practice will be joining BDO offices in downtown Washington, D.C., McLean, Va., and more recently Potomac, Md., which opened in August 2019. In addition, this will expand BDO Public Sector’s practice to Huntsville, Alabama.
“To be industry leaders, we must stay ahead of change, from every angle,” said Mark Ellenbogen, Atlantic Region Assurance Managing Partner. “In this uncertain environment, we equip our public sector clients with strong strategies and practical solutions. MorganFranklin’s dedicated professionals and noteworthy clients, combined with BDO’s global network and national breadth of public sector practice, will complement and deepen the unprecedented work we do every day.”
About BDO USA
BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, and advisory services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through more than 60 offices and over 700 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of more than 88,000 people working out of over 1,600 offices across 167 countries.
BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information please visit: www.bdo.com.
About MorganFranklin Consulting
MorganFranklin Consulting is a management advisory firm that works with leading businesses and government. The firm helps organizations address complex and transformational finance, technology and business objectives. MorganFranklin is headquartered in the Washington D.C. area with regional offices in Atlanta, New York, San Francisco, Los Angeles, Nashville, and Raleigh-Durham. The firm supports clients across the globe.
MorganFranklin Consulting is Vaco’s global consulting platform and a subsidiary of Vaco Holdings, LLC. Vaco is a portfolio company of Olympus Partners. For more information please visit: www.morganfranklin.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20200630005664/en/
CONTACT: Cara Lutz
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS DISTRICT OF COLUMBIA
INDUSTRY KEYWORD: CONSULTING ACCOUNTING PROFESSIONAL SERVICES FINANCE
SOURCE: BDO USA, LLP
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PUB: 06/30/2020 10:06 AM/DISC: 06/30/2020 10:06 AM