BDO has announced that its offices in Melbourne, Sydney and Brisbane have voted in favour of merging their respective firms.
The merger will see a combined revenue of $212 million and 126 partners across the east coast.
BDO office managing partner in Brisbane and lead for BDO integration Tony Schiffmann said the vote moves the firm’s focus to bringing the other BDO offices onto the path for integration.
The mid-tier firm has offices in Darwin, Cairns, Adelaide, Hobart and Perth.
“It’s well known, by both our people and the market, that BDO Australia’s ambition is to integrate into a single national entity,” Mr Schiffmann said.
“Today’s positive vote result means our Melbourne, Sydney and Brisbane, including Sunshine Coast, offices will come together as a single entity before the end of the year.
“Moving towards a single national structure, while at the same time retaining the entrepreneurial freedom we feel is essential at the local level, is a natural step in our firm’s evolution.
“With Brisbane, Sydney and Melbourne now coming under one business structure, it will enhance our ability to invest, attract new talent, grow in scale and expertise, and be more agile moving forward.”
BDO’s Sydney office managing partner, Grant Saxon, said the merger would help the firms enhance their offerings across the east coast.
“We are experiencing strong demand for BDO’s offering in the local market and nationally, and by combining resources initially down the east coast, our ability to meet market needs and invest in specialist services and sectors will be enhanced,” Mr Saxon said.
“We have seen this already in our recent investment in our financial services team.”
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Jotham Lian is the editor of Accountants Daily, the leading source of breaking news, analysis and insight for Australian accounting professionals.
Before joining the team in 2017, Jotham wrote for a range of national mastheads including the Sydney Morning Herald, and Channel NewsAsia.