BDO USA, LLP, one of the nation’s leading accounting and advisory firms, today welcomes six partners and professionals from CFO Advisors, LLC, a national professional services firm that provides outsourced chief financial officer and chief data officer services to multi-unit, restaurant and retail groups across the U.S. The combination is subject to customary closing conditions and is expected to be completed on July 15.
“BDO USA eagerly welcomes the experienced partners and professionals from CFO Advisors, a trusted ally to retail and restaurant brands for over 25 years,” said Jay Duke, national managing partner for Advisory Services at BDO USA. “Their tailored financial advisory and data analytics services tell the stories behind financial statements and identify strategic solutions to help clients grow. With this combination, BDO USA and CFO Advisors will be the largest advisor of this kind, helping restaurants and retailers mitigate risk and focus on resiliency as they navigate the current economic climate.”
Since 1994, CFO Advisors has provided financial advisory, financial planning and analysis and actionable analytics to multi-unit restaurants and retail brands. In joining BDO, CFO Advisors will enhance its client service offerings by gaining access to a library of tax, assurance and value-added financial systems that support business growth.
“We pride ourselves on being the trusted advisor and partner that intimately understands our clients’ industries, businesses and goals. Our clients look to us as a key member of their team and appreciate our breadth of experience, depth of knowledge, and strong network,” said Gregg Thomas, partner and founder of CFO Advisors. “Combining with BDO will allow us to extend our reach and transform services for our clients across the country, bringing direct access to the services they need now, and will need in the future.”
“We look forward to joining the highly regarded Business Services and Outsourcing practice at BDO USA so that we may continue to provide tailored insights, solutions and strategies to multi-unit brands,” said Meg Potts, partner at CFO Advisors. “BDO brings immense experience in financial reporting, accounting and finance processes, along with vast international resources and incredible digital tools. They are the perfect firm to help us elevate our insight-driven analytics practice, furthering our ability to bridge the gap between accounting, finance, operations and marketing.”
BDO will maintain CFO Advisors’ flagship office, located in Detroit.