Chicago-based BDO USA, an IPA 100 firm, is merging in two firms to expand its industry and geographic reach. The acquisition of Detroit-based CFO Advisors LLC adds a national professional services firm providing outsourced CFO and CDO services to restaurant and retail groups across the U.S. to the BDO portfolio, while the addition of MorganFranklin Consulting’s public sector practice gives the firm an increased presence in the greater Washington area.
CFO Advisors has provided financial advisory, financial planning and analysis and actionable analytics to multi-unit restaurants and retail brands since 1994. The firm’s six partners and professionals will join BDO on July 15, continuing to work out of their Detroit office.
“BDO USA eagerly welcomes the experienced partners and professionals from CFO Advisors, a trusted ally to retail and restaurant brands for over 25 years,” says BDO’s national MP for advisory services Jay Duke. “Their tailored financial advisory and data analytics services tell the stories behind financial statements and identify strategic solutions to help clients grow. With this combination, BDO USA and CFO Advisors will be the largest advisor of this kind, helping restaurants and retailers mitigate risk and focus on resiliency as they navigate the current economic climate.”
MorganFranklin’s public sector practice, meanwhile, specifically works with a diverse portfolio of government agencies, including the Department of Defense, the U.S. Army, the U.S. 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.
“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,” says BDO CEO Wayne Berson. “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.”