Mergers: May 13

Texas Firm Merges With BDO

Chicago-based BDO (FY13 net revenue of $683 million) is merging with Fort Worth, Texas-based Hartman Leito & Bolt (HLB) (FY12 net revenue of $11.9 million), effective June 1. The merger will add about 60 staff, including six partners, from HLB.

Founded in 1986, HLB serves small businesses and multi-faceted organizations throughout North Texas. The firm has a strong client base in the manufacturing, construction, real estate and nonprofit industries, as well as a significant high-net-worth practice. HLB has been a member of the BDO Seidman Alliance since 2002.

“This combination greatly enhances BDO’s presence in the important North Texas market and builds on our impressive growth history in the state,” says Wayne Berson, CEO of BDO USA. “Through our previous Alliance relationship with HLB, we have a history of collaboration on client work and business development with our new partners and staff.”

Alan Hawrylak, MP of HLB, says, “Joining BDO USA is a logical next step to further our collective growth. The firms have very compatible service philosophies that will make our transition into BDO as seamless as possible.”

Atlas Service Link LLC Joins EY In The US

New York-based Ernst & Young (FY12 gross revenue of $8.2 billion) announced that the corporate tax management consulting firm Atlas Service Link LLC has joined the firm in the U.S.

Headquartered in Dallas, Atlas provides an integrated approach to enhancing tax data management, technology optimization and process re-engineering initiatives for multi-national companies.

Global tax reporting and compliance burdens continue to increase significantly as a result of tax law changes, IFRS adoption/convergence, and Uncertain Tax Position reporting requirements, Atlas says. The firm focuses on assessing and making recommendations about global tax technologies, as well as designing improvements in operational processes.

“We have designed an effective way to help tax directors find and manage the right combination of resources and technologies for their situation,” says Atlas co-founder Tony LaBove. “EY takes the same approach and we’re confident that this is a great fit for Atlas employees.”