BGM, a Top 200 full-service accounting, tax, audit, and advisory firm headquartered in Bloomington, Minnesota, is pleased to announce that R. L. DePanfilis & Company, LLC, a certified public accounting and business consulting firm based in Norwalk, Connecticut, has joined BGM.
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BGM, a Top 200 full-service accounting, tax, audit, and advisory firm headquartered in Bloomington, Minnesota, is pleased to announce that John T. Chipman & Company, LLP (JTC), a highly respected accounting and advisory firm based in Norwood, Massachusetts, has combined with BGM.
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Private equity (PE) investment in the public accounting industry has accelerated dramatically over the past several years and continues to reshape the structure, growth strategies and competitive landscape of CPA firms.
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Parsippany, N.J.-based IPA 100 firm SAX LLP, has announced its acquisition of Owen J. Flanagan & Co. (OJF), effective January 22.
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As public accounting firms move into 2026, the pace of change shows no signs of slowing. Talent pressures, evolving client expectations, advancing technology, and sustained consolidation are reshaping how firms operate, compete, and grow.
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The public accounting profession has entered a transformative era – one defined by unprecedented consolidation, shifting business models, and an influx of private equity (PE) capital. What began as a slow trickle of deals a decade ago has accelerated into a structural realignment across the U.S. accounting marketplace.
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Private equity investment has increased among accounting firms looking to accelerate growth, monetize partner equity, or prepare for succession. While it may unlock transformative opportunities, private equity involvement also introduces risks that must weighed carefully.
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The public accounting profession is amid one of the most transformative periods in its history. The traditional firm model is rapidly disappearing, replaced by mega-firms backed by private equity and mid-sized practices.
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