Top 30 accounting firm PKF O’Connor Davies has expanded its presence in the greater Philadelphia metro area after merging with Bowman & Co., a CPA firm with three offices in southern New Jersey, effective Jan. 1.
Financial terms of the deal weren’t disclosed.
This deal is Harrison, NY-based PKF O’Connor Davies’ second in as many months as it said in December it was adding New York City-based boutique tax and financial advisory firm Wolf Maryles & Associates, also effective Jan. 1.
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“Bowman & Co.’s 86-year legacy of excellence, community commitment, and expert insights make them a natural partner for our growing firm,” Kevin Keane, CEO at PKF O’Connor Davies, said in a statement. “As we continue to strategically expand our footprint in key markets, we look forward to leveraging their expertise, strengthening our capabilities, and driving greater value for every client we serve.”
Founded in 1939, Bowman & Co. includes 100 experienced professionals and 20 partners across offices in Voorhees, Haddonfield, and Woodbury, NJ. The firm has long been recognized as a regional authority in municipal and governmental accounting. Its professionals hold an array of industry-specific credentials, including Registered Municipal Accountants (RMAs), Public School Accountants (PSAs), and Certified Municipal Finance Officers (CMFOs), reflecting the depth of their specialized expertise.
Beyond the public sector, Bowman & Co. also serves clients across not-for-profit, construction, health care, and professional services industries.
“The Bowman & Co. team is thrilled to join PKF O’Connor Davies,” said Harry P. Wills III, managing partner of Bowman & Co. “This partnership represents a transformative opportunity to align our deep public-sector expertise with PKF O’Connor Davies’ national platform, resources, and innovative approach to client service.”
PKF O’Connor Davies is the lead North American representative in the PKF International global network of independent accounting and advisory firms.
In November 2024, the firm announced it was getting an infusion of capital from Bahrain-based private equity group Investcorp and the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers.
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The top 30 accounting firm said at the time that the injection of outside funding will “elevate its competitiveness and amplify long-term sustainability” and “provide flexibility for increased M&A activity, as well as investing in cutting-edge technology and new service lines.”
PKF O’Connor Davies also completed a deal last June when it acquired Rainer & Co., a regional CPA firm with offices in Newtown Square and West Chester in Pennsylvania.
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