BDO USA, LLP is to expand into Northeast Florida through the addition of 102 staff, including 11 partners, from The LBA Group.
Founded in 1966, LBA provides a range of accounting and tax services to a client base of private middle market businesses, with significant strength in the healthcare, construction, real estate, manufacturing and non-profit industries.
Combined with BDO's existing offices in Coral Gables, Fort Lauderdale, Lakeland, Miami, Orlando, Tampa, West Palm Beach and Winter Haven, BDO will have more than 400 professionals serving Florida clients.
The combination of BDO and The LBA Group is expected to be completed on 16 November 2016 and is subject to customary closing conditions.
The transaction also includes services currently offered by LBA Healthcare Consulting and LBA Retirement Plan Services. The LBA Group was formerly a member of the Leading Edge Alliance and BKR International.
Wayne Berson, CEO of BDO USA, said: “I want to welcome the LBA partners and staff to BDO. This combination, combined with previous expansions in Central and South Florida over the past year, has greatly increased our geographic footprint and critical mass in the state of Florida."
Neal Von Stein, managing partner of LBA, commented: “Our clients will continue to receive the close personal attention they have come to expect from our team, while having access to a wider array of services, broader industry experience, and the full coverage of BDO's global network.”
BDO will maintain the current LBA office location in Jacksonville.