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BDO adds ex-Prime Global firm in St Louis

BDO US has added former Prime Global member firm Stone Carlie & Company to its network in St Louis.

The addition is expected to be completed following customary procedures on 1 June 2015 and will include Stone Carlie's investment advisory firm.

Established in 1947, Stone Carlie counts approximately 100 members of staff, as well as eight partners.

The firm's clients specialises in industries including construction, manufacturing and distribution, life sciences, technology, non-profit, real estate, healthcare and professional services.

The latest addition follows a strong pattern of expansion sustained by BDO throughout 2014 in the US.

The fifth largest network in the country, last year BDO's revenue appeared significantly boosted by the 28 mergers it completed in the 12 months to November 2014.

These included the acquisition of firms Alpern Rosenthal, Hartman Leito & Bolt and SS&G in Pittsburgh, Texas and Ohio, respectively.

At the end of the year, the network also completed the acquisition of UHY Texas.
BDO US chief executive officer Wayne Berson described the agreement as "a major addition" to the network, allowing it to expand its coverage in the Midwest.

He added: "Combined with other additions, BDO has expanded into 16 new cities and added to our critical mass in 10 existing markets over the past three years, this is further evidence that quality professionals are drawn to BDO as we continue to elevate our presence in the marketplace."

 

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