BerganKDV Acquires Alliance Management

St. Cloud, Minn.-based BerganKDV (FY17 net revenue of $47.9 million) and Minneapolis, Minn.-based Alliance Management have merged. As a result of the merger, Alliance Management is now Alliance Management, A BerganKDV Company.

“This is an exciting time for BerganKDV. Alliance Management has a unique service offering that will strengthen our current portfolio. We’re excited to get to work with their team and utilize their expertise,” says Loren Viere, President & CEO, “Our clients will find additional opportunities to grow and succeed as well, and we look forward to helping them do that!”

The merger offers deepened bench strength and expertise for both BerganKDV and Alliance Management. For BerganKDV, what’s known as Turnaround Management—the evaluation and revitalizing distressed companies as these companies work their way back to profitability—will be a unique value add. Alliance Management will gain access to assurance and accounting, technology, wealth management, valuation services, due diligence support and forensic accounting solutions.

“We are both broadening our service offering,” says Michael Knight, Alliance Management President, “In my conversations with Loren, it became apparent that our organizations shared a common goal of putting clients’ needs first and building unwavering relationships with those we serve. This merger will be mutually beneficial to all involved.”

The Alliance Management team consists of 10 individuals who will continue to work at their current locations in Minneapolis and Denver, which brings the current headcount at BerganKDV to 359 employees.