US professional services company Richey May has acquired Wagner, Kaplan, Duys & Wood (WKDW), an advisory and tax specialist based in Rockville, Maryland.
The financial terms of the deal were not disclosed.
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WKDW will start operating under the Richey May brand with immediate effect, in line with a wider rebranding process for other firms that have recently joined the group.
Richey May said the acquisition is part of its ongoing effort to build a national platform by integrating regional and specialist practices that align with its focus on specialisation, technology-enabled delivery and a “people-first culture”.
According to the companies, WKDW clients will continue to work with their existing teams while gaining access to a broader set of resources, deeper technical capabilities and a wider range of specialist services through Richey May’s national infrastructure.
WKDW was advised on the transaction by Koltin Consulting Group.
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By GlobalDataKoltin Consulting Group CEO Allan D. Koltin said: “WKDW is one of the preeminent CPA [certified public accountant] and advisory firms in the greater DC [District of Columbia] market.
“Their combination with Richey May provides a tremendous strategic lift and growth opportunity to both firms. I would expect to see more high-performing firms combining with Richie May going forward.”
Richey May, founded in 1985, provides audit, assurance, business advisory, cybersecurity, tax and technology services.
The company specialises in mortgage banking, alternative investments, real estate, construction and media.
