Chicago-based BDO USA (FY19 net revenue of $1.6 billion) announced the acquisition of Loughlin Management Partners & Company (LM+Co), a boutique business advisory firm focused on corporate restructuring and turnaround services. This group will operate as BDO Consulting Group, an affiliated company of BDO USA, effective Aug. 1.
The firm also offers interim management and operational services for private equity investors.
With the addition of LM+Co, BDO expands its suite of business advisory services to support clients throughout their corporate lifecycle. BDO’s corporate and deal advisory services include helping clients with mergers and acquisition transactions, business restructuring and turnarounds, operational consulting and business improvement, valuation advisory and investment banking.
The LM+Co team, which works across most industry sectors, has served in both advisory and interim management roles in more than 200 restructuring situations. The team has also completed more than 600 engagements, helping clients improve operating and financial performance and shareholder value. Also joining BDO are the senior professionals of LM+Co Capital, a boutique investment banking and financial advisory firm that is affiliated with LM+Co.
LM+Co principal and managing director, James J. Loughlin Jr., joins BDO as managing director. Most of the LM+Co team will relocate to BDO’s New York office, with others in Arizona, Florida, Southern California, Texas and Pennsylvania.
“We value the quality of service and extensive knowledge of middle market private equity and restructuring that Jim and his dedicated team of professionals deliver to the marketplace,” says Jay Duke, national MP of advisory services at BDO USA. “Our two firms’ commitment to excellence align well and will help to ensure a successful, bright future together.”
Loughlin says, “Bringing our firms together will strengthen our combined offering as a value-added service provider across the entire corporate lifecycle and mergers and acquisition continuum. With the national and international resources of BDO behind us, our ability to provide clients with effective, tailored solutions to complex situations is significantly enhanced.”