BDO Expands into St. Louis Market with Merger

Chicago-based BDO USA LLP (FY14 net revenue of $833 million) announced an expansion into the St. Louis market through the addition of approximately 100 staff, including eight partners, from Stone Carlie & Company LLC (FY13 net revenue of $12.3 million) of St. Louis. Founded in 1947 by Sidney Stone and Carl Carlie, Stone Carlie provides a full range of accounting and consulting services to a diversified client base with significant strength in the construction, manufacturing and distribution, life sciences, technology, nonprofit, real estate, health care and professional services industries. The combination of BDO and Stone Carlie is expected to be complete June 1. Stone Carlie was previously a member of the PrimeGlobal accounting association.

The transaction also includes the services currently offered by Stone Carlie Wealth Advisory LLC, a fee-based registered investment advisory firm serving primarily high-net-worth individuals. “I want to welcome the partners and staff of Stone Carlie to BDO USA. This transaction is a major addition to BDO and expands our geographic coverage of the Midwest. With Stone Carlie, we are gaining a leading accounting practice with a long history of serving growing entrepreneurial businesses in St. Louis,” says Wayne Berson, CEO of BDO USA. “Combined with other additions, BDO has expanded into 16 new cities and added to our critical mass in 10 existing markets over the past three years, this is further evidence that quality professionals are drawn to BDO as we continue to elevate our presence in the marketplace.”

“For more than 65 years, we have provided exceptional client service to closely-held entrepreneurial businesses and leading middle market companies in the greater St. Louis metropolitan region. By combining with BDO, we intend to build on that tradition. Our growing clients will still receive the local, hands-on service they value from the same trusted professionals, but will now have access to a wider array of services, broad industry experience, SEC representation and the resources of BDO’s extensive global network,” says Jeffrey Ward, managing member of Stone Carlie. “BDO has a very similar culture to our own and the firm’s reputation as a favorable workplace also fits well with our focus on our people, who will now have access to many more opportunities to pursue career growth.”

Ward, who has more than 25 years of professional experience and was named managing member of Stone Carlie in 2009, will serve as the assurance MP for the St. Louis practice of BDO USA. Richard Kraner, who has more than 30 years of experience in public accounting, will serve as the tax MP for the St. Louis practice.

Going forward, BDO will maintain Stone Carlie’s recently expanded office location at 101 South Hanley Road, Suite 800.