PracticeAccounting FirmsBDO and PKF confirm “advanced merger discussions”

BDO and PKF confirm "advanced merger discussions"

The two firms look to merge in the new year

BDO AND PKF are in “advanced discussions” to merge in the new year, they have confirmed.

A merged entity would create a firm with more than £400m in revenues, with 3,500 staff.

BDO managing partner Simon Michaels (pictured) said the firms “share a closely aligned vision to lead in the mid-market, as well as similar cultures and a commitment to deliver exceptional client service”.

Martin Goodchild, managing partner at PKF (UK) LLP, said: “This is a good strategic decision for both firms which have a desire to lead, from a position of strength, the inevitable consolidation of the mid-tier – which is long overdue.”

More to follow.

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