BDO acquires Goldstein Schechter Koch, adds 115 staff in Florida

22 September 2016 Consultancy.uk

BDO has acquired South Florida-based Goldstein Schechter Koch for an undisclosed sum. The deal sees more than 100 professionals and 14 partners transfer to BDO. The acquisition adds two new offices to the firm's US footprint, boosting its Florida presence to eight offices.

Goldstein Schechter Koch (GSK), headquartered in Florida, was founded in 1949. The firm supports South Florida businesses, non-profit organisations and individuals in managing their financial and tax affairs by providing tax minimisation and compliance, assurance, business consulting, and wealth and financial services. The firm has built itself up over three generations to a staff of more than 100 and 14 partners across two offices in the region. Since 2004 the firm has been part of BDO Alliance USA*.

Through the acquisition, BDO US significantly expands its operations in South Florida. GSK’s staff will be retained and will continue to service clients from the Fort Lauderdale and Coral Gables offices. Additionally, GSK Wealth Advisors, a fee-based registered investment advisory firm, will transfer to BDO. Through the acquisition, BDO expands its Florida capabilities to 300 professionals across eight offices.

BDO acquires Goldstein Schechter Koch, adds 115 staff in Florida

The Chicago-based firm has been aggressively expanding in the US – completing 19 deals over the past four years to grow the firm’s footprint into 23 new markets and expand its presence in 12 others. The accounting and consulting firm now has 60 offices in the country.

Wayne Berson, CEO of BDO in the US, says, “This combination greatly increases our critical mass in the important South Florida market and adds significant resources to our growing wealth advisory practice."

He adds that he sees the merger as a "natural combination", stating “We began talking to them at the end of last year and discussions picked up steam over the past several months. Through our previous alliance relationship, we have a history of collaboration on client work and business development with GSK. This familiarity will be extremely valuable as we integrate the GSK practice with BDO.”

Sanford Horwitz, CEO of GSK, says, “We have enjoyed working alongside BDO partners and staff for many years as an alliance partner. BDO has a very compatible service philosophy that will make our transition into the firm as seamless as possible."

* A network of more than 400 independent associations of accounting, consulting, tax and other professional services firms that have access to BDO’s wider resources.

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SQW Group purchases property-based regeneration consultancy

19 April 2019 Consultancy.uk

UK consulting firm SQW Group has completed its first acquisition since it completed a management buyout in January 2019. BBP Regeneration joins the company having collaborated with SQW for more than 20 years.

Established in 1983, SQW Group now operates all over the world. Comprising SQW, Oxford Innovation, Oxford Innovation Services – one of the UK’s leading innovation centre operators – and Oxford Investment Opportunities Network, the organisation’s origins can be traced to Britain’s two ancient university cities: Oxford, through Oxford Trust founders, Martin and Audrey Wood, and Cambridge, through SQW’s work in producing The Cambridge Phenomenon.

The consultancy specialises in public policy, working with entities from the public, private and voluntary sectors to research, develop, implement and evaluate social and economic development interventions. It now employs over 250 people across regional offices in London, Oxford and Edinburgh, and provides business support to over 4,000 entrepreneurs and small businesses each year. At the start of 2019, SQW secured its independence in a management buyout, advised on by M&A experts from Liberty Corporate Finance and Penningtons Manches.

SQW Group purchases property-based regeneration consultancy

SQW has strengthened its position as a provider of services across the business spectrum with the acquisition of BBP Regeneration. Founded in 1994, the consulting firm specialises in land and property-based regeneration and growth schemes, and is a leading social and economic development consultancy. 

The two firms first worked together over 20 years ago, when SQW and BBP collaborated to develop the first Regional Economic Strategy for the South East. More recently, they developed an economic strategy for Thanet and are now working together in locations stretching from Cwmbran via Oxfordshire to London.

With the addition of BBP, SQW can now provide an integrated advisory service for organisations developing property schemes which deliver economic benefit to their local area. By joining SQW, meanwhile, BBP hopes to further enhance its ability to support clients in delivering property and place-making ambitions. 

Speaking about the deal, SQW CEO David Crichton-Miller commented, “The UK more than ever needs solutions to the challenges of places – of high streets under threat, of meeting housing delivery targets, and of both economically over-successful and economically challenged towns and cities – and the combination of SQW and BBP is uniquely suited to developing those solutions. [This deal] brings together critical and complementary services relating to places to serve our clients with leading edge and practical advice.”

Andy Smith, Director of BBP Regeneration, added, “SQW shares with BBP the same values of seeking to provide outstanding, practical, real world advice that helps get buildings built and places developed.  We greatly look forward to the opportunities that come from joining our two organisations together.”