Top 100 accounting firm Smith + Howard has made its first M&A deal of 2026, acquiring Bauknight Pietras & Stormer, an INSIDE Public Accounting top 300 firm based in Columbia, SC.
Financial terms of the deal weren’t disclosed. Following the close of the acquisition, BPS will begin transitioning to the Smith + Howard brand.
Atlanta-based Smith + Howard said the addition of BPS supports its long-term growth strategy by enhancing its capabilities while also extending the firm’s reach into a key strategic Southeast market.
BPS’s expertise bolsters Smith+Howard’s presence in shared industries, such as construction, real estate, and manufacturing and distribution.
The move also extends Smith+Howard’s reach into BPS’s core industries, including captive insurance and telecommunications, and enhances advisory services, such as forensic accounting and litigation support.
“This acquisition reflects our continued focus on thoughtful, high-quality growth that expands both our geographic reach and our service depth,” Smith + Howard CEO Sean Taylor said in a statement on Jan. 13. “BPS brings specialized expertise, strong client relationships, and a team that shares our values and commitment to exceptional client service. Together, we are well-positioned to deliver even greater value to our clients while continuing to invest in our people and our platform.”
Founded in 1991, BPS has earned a strong reputation for delivering tailored advisory services and trusted guidance across a broad range of industries.
The accounting firm provides services to a wide range of corporations, privately held companies, healthcare providers, emerging or startup companies, nonprofits, and successful individuals, according to BPS’s LinkedIn profile.
BPS had revenue of $21.7 million during its most recent fiscal year, while Smith + Howard reported revenue of $74.2 million, according to INSIDE Public Accounting.
“Joining Smith + Howard marks an exciting next chapter for our firm and our clients,” said Jay Swearingen, managing shareholder at BPS. “This partnership strengthens our ability to ensure the long-term success of our employees and our clients by expanding the services, resources, and expertise we bring to the table. It aligns us with a firm that shares our commitment to trust, innovation, and collaborative relationships, allowing us to continue delivering exceptional accounting and advisory services while supporting sustainable growth for everyone involved.”
This latest acquisition builds on Smith + Howard’s growth strategy, which includes its recent acquisition of Horton, Lee & Burnett in Birmingham, AL, adding to the firm’s presence in the Southeast and further reinforced its advisory and accounting capabilities.
Recommended Articles
In November 2022, Broad Sky Partners partnered with Smith + Howard as the firm’s first external investor.
Thanks for reading CPA Practice Advisor!
Subscribe Already registered? Log In
Need more information? Read the FAQs
