Firm Management
Withum Joins Forces With Boutique CPA Firm BBD
What makes this partnership convenient for both firms is that they already share an office building in Philadelphia.
Apr. 01, 2024
Top 25 accounting firm Withum has merged in BBD, a Philadelphia-based boutique accounting, tax, and advisory firm that primarily serves nonprofit and government organizations, effective March 31.
Financial terms of the deal weren’t disclosed. BBD’s five partners and 40 team members have been added to Withum’s roster. What makes this deal convenient for both firms is that they already share an office building, located at 1835 Market St. in downtown Philadelphia. BBD will remain in its current location in Suite 300; Withum’s office is in Suite 1710.
“We are thrilled about this partnership with BBD as it further deepens our existing bench of expertise in the not-for-profit and government sectors and underpins our commitment to serving our communities. It also expands our presence in the dynamic Philadelphia business community and within the Mid-Atlantic region,” Pat Walsh, managing partner and CEO of Princeton, NJ-based Withum, said in a statement.
Founded in 1997, BBD provides services to more than 500 nonprofits in the greater Philadelphia area and throughout the Mid-Atlantic.
“We are excited to join a firm that aligns with our client-centric values while offering our staff endless career opportunities,” said BBD Managing Partner Adam Watson. “This union is the next phase in our story while we continue to help our clients reach new levels of success.”