BDO more than doubles its footprint in Costa Rica with acquisition

23 June 2017 Consultancy.uk

BDO has more than doubled its presence in Costa Rica with the addition of local professional services firm Grupo Camach. Through the addition the accountancy and consultancy strengthens its portfolio and sees around 70 professionals join its ranks, including one partner and two directors.

Grupo Camacho is based in San José, Costa Rica. The professional services firm offers a range of services to its clients across the region, including public sector consultancy, corporate finance and tax services. Grupo Camacho employs more than 70 professionals.

BDO Costa Rica is also situated in San José, and is the local member of BDO International – a network of more than 1,400 offices across 154 countries.

The addition of Grupo Camacho's capabilities to the firm strengthens and diversifies its services portfolio, from audit to advisory, including the addition of specialisation in transfer pricing, international tax, corporate finance and consultancy in the public sector.

BDO Costa Rica adds Grupo Camacho

As part of the deal around 70 professionals, including a partner and two directors, join BDO’s presence in the region, growing the firm's footprint to over 100 staff, which makes BDO one of the largest professional services players in the country.

Remarking on the addition, Alfonso Bustamante, Managing Partner of BDO Panama and BDO Costa Rica, reflected, “Greatly supported by the BDO network, our merger with this well recognised firm will grow our business further and strengthen our position in the local market. It is our vision to continue to build strong business relationships and to provide added value to our clients.”

Carlos Camacho, who joins BDO as a Tax Partner, said that he is “delighted” to be joining the BDO network and added, “I am confident that leveraging the BDO name and brand in the Costa Rican market will enable us to develop a formidable tax and advisory business. This represents an exciting new chapter in our firm's growth and we are all looking forward to working with our BDO colleagues worldwide.”

Related: BDO expands footprint with member firm in Nicaragua.

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