BGM Expands Northeast Footprint With New Firm Merger
Minnesota-based accounting firm BGM has merged with R. L. DePanfilis & Company, boosting its presence in the Northeast.
BGM, a Top 200 full-service accounting, tax, audit, and advisory firm headquartered in Bloomington, Minnesota, has announced a merger with R. L. DePanfilis & Company, LLC, a certified public accounting and business consulting firm, strengthening the firm's reach into the Northeast region of the United States.
The move represents a strategic geographic expansion for BGM, which has built its reputation offering a broad range of professional services including accounting, tax preparation, audit, and advisory work. Adding a Northeast-based practice positions the firm to serve a wider client base across a commercially significant part of the country.
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Mergers and acquisitions among mid-size accounting firms have accelerated in recent years as practices seek scale, talent, and regional diversification. BGM's addition of R. L. DePanfilis & Company follows an industry pattern of Top 200 firms consolidating to compete with larger national players while retaining the client-service culture of regional practices.
The combined entity is expected to bring together the resources of a nationally recognized firm with the established client relationships and local expertise that R. L. DePanfilis & Company has developed in the Northeast market. Terms of the merger were not disclosed in the announcement.
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