Minneapolis-based BGM, an INSIDE Public Accounting top 200 firm, is merging in John T. Chipman & Co., an accounting and advisory firm based in Norwood, MA.
Financial terms of the deal weren’t disclosed. As part of the combination, JTC will immediately begin operating under the BGM name. JTC partners David Foster and Lisa Gray, along with the firm’s team, will join BGM and continue serving clients from the Norwood office.
This is BGM’s first M&A deal in 2026. The firm’s last transaction was last November when it added The Vroman Group, an accounting and business consulting firm based in West Des Moines, Iowa.
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The addition of JTC establishes BGM’s first Northeast location in the Boston area and expands its ability to serve clients throughout New England.
“The addition of JTC represents an exciting step forward in BGM’s continued growth,” Dane Boeckermann, principal and CEO of BGM, said in a statement on Aug. 31. “JTC has earned a strong reputation for technical excellence, trusted client relationships, and personalized service. Their culture and commitment to clients align closely with ours, making them an outstanding fit for BGM. Together, we are creating new opportunities to deliver deeper expertise and broader resources while maintaining the high-quality client service both firms are known for. We are excited to establish a presence in the Northeast and continue expanding our ability to serve clients across the country.”
Established more than 35 years ago, JTC provides accounting, tax, consulting, and advisory services to small businesses, individuals, and closely held companies across a range of industries, including manufacturing, distribution, construction, real estate, medicine, law, and retail.
“We are excited about the opportunities this combination creates for both our clients and our team,” Foster said in a statement. “Joining BGM provides access to expanded resources, specialized expertise, and a broader network of professionals while preserving the trusted relationships and personalized service our clients value. We look forward to continuing to serve our clients from our Norwood office as part of the BGM team.”
Joe Tarasco, CEO of Accountants Advisory Group, advised both parties on the transaction.
Founded in 1982, BGM provides accounting, tax, audit, business advisory, wealth management, and trust and estate services to entrepreneurial businesses and individuals throughout the U.S.
Photo caption: Dane Boeckermann, principal and CEO of BGM
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