Accountants BDO and PKF sew up mid-market merger deal

Marion Dakers
MID-MARKET accountancy groups BDO and PKF completed their merger yesterday with a pledge to further expand the combined group.

The new company, which was first announced in November, will now operate under the BDO brand as it bids for more work with FTSE-listed corporates, managing partner Simon Michaels said.

“It’s time for people to think again about BDO,” said Michaels in a statement. “The merger has transformed our national market presence overnight, but the hard work starts now. Everyone is now focused on building on our ambitions still further and responding quickly to the domestic and international environment.”

The so-called challenger firms, such as BDO and Grant Thornton, hope to win work in the wake of a recent antitrust probe into the Big Four accountancy groups.