BDO, one of the top professional service organizations has expanded into the St. Louis market through the acquisition of Stone Carlie & Company. Approximately 100 staff, including eight partners, from Stone Carlie & Company will be joining BDO. The addition of Stone Carlie to BDO creates a firm with more than $1 billion in annual revenue. This transaction is expected to close on June 1, 2105.
Stone Carlie dates back to 1947 and was founded by partners Sidney Stone and Carl Carlie. The firm provides a range of accounting and consulting services to clients in the construction, manufacturing, distribution, life sciences, technology, nonprofit, real estate, health care and professional services industries. The firm is headquartered in the St. Louis suburb of Clayton, MO (www.stonecarlie.com).
“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,” said Wayne Berson, CEO of BDO.
BDO has been very active in acquiring other firms and new transaction are likely on the horizon. “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,” said Mr. Berson.
Jeffrey 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 managing partner for the St. Louis practice of BDO. Richard Kraner, who has more than 30 years of experience in public accounting, will serve as the tax managing partner for the St. Louis practice.
BDO is a professional services firm providing assurance, tax, financial advisory and consulting services to a range of publicly traded and privately held companies. The firm serves clients through 59 offices and more than 400 independent alliance firms located nationwide (www.bdo.com).
2015 PEPD • Private Equity’s Leading News Magazine • 5-18-15