BDO USA, LLP Expands Advisory Practice with Addition of AC Lordi

Philadelphia Area-Based Consulting Firm Joins BDO

CHICAGO–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/Philly?src=hash” target=”_blank”gt;#Phillylt;/agt;–BDO USA, LLP, one of the nation’s leading accounting and advisory firms,
today announced the expansion of its Philadelphia practice through the
addition of 100 professionals from Philadelphia area-based management
consulting firm AC Lordi. The addition enhances BDO’s advisory offerings
and strengthens BDO’s local foothold in the Philadelphia region.

Founded in 2001, AC Lordi specializes in accounting, risk and
compliance, business advisory and CFO services. The firm’s practice
areas include SEC reporting, technical accounting, internal and IT
audit, SOX compliance and finance transformation, among others. The firm
has performed work throughout the U.S. and in more than twenty countries
for a broad range of clients, from emerging private equity-sponsored
companies to multinational organizations across most major industries.

“BDO and AC Lordi are united in our commitment to providing exceptional
client service and a holistic, solutions-oriented approach to complex
business problems,” said Jay Duke, national managing partner of Advisory
Services at BDO USA. “This expansion builds on our advisory capabilities
in the Philadelphia market with an infusion of top-notch local talent
and deep industry experience.”

Subject to customary closing conditions, the combination of BDO and AC
Lordi will be effective June 1, 2019. Upon completion of the
transaction, AC Lordi CEO Frank Lordi along with the firm’s six other
principals will become BDO partners.

“We are thrilled to combine forces with BDO and increase the breadth and
depth of services we can offer to our clients,” said Lordi. “As part of
such a high-caliber advisory practice, we can take advantage of BDO’s
resources and relationships nationally and around the world. In turn,
our team will deepen BDO’s management consulting and regulatory
compliance credentials in addition to strengthening its presence in the
mid-Atlantic region. We are stronger together than apart.”

BDO Facts:

  • Over the past six years, BDO USA’s cumulative growth rate has far
    outpaced all other major U.S. accounting firms, with revenues more
    than doubling from $618 million in 2012 to $1.47 billion in 2018.
    During that time, BDO entered 24 new U.S. cities and expanded its
    critical mass in 13 existing markets.
  • BDO represents companies ranging from closely-held private businesses
    to leading nonprofits to Fortune 500 multinationals.
  • BDO USA has industry practices specialized in serving businesses in
    the construction, energy, financial institutions, asset management,
    government contracting, healthcare, insurance, manufacturing,
    nonprofit, private equity, real estate, hospitality, retail and
    technology sectors.
  • BDO has been named a Best Company by Working Mother Magazine for
    eight consecutive years and been recognized with the When Work
    Works Award for Business Excellence in Workplace Flexibility

    for nine consecutive years.
  • BDO has more than 60 offices and more than 650 independent alliance
    firm locations around the country.
  • BDO USA has been serving clients for more than 100 years since its
    founding in 1910 (as Seidman & Seidman).
  • As an independent member of BDO International Limited, the firm can
    leverage the resources of more than 80,000 people in more than 1,590
    offices across 162 countries.

About BDO USA

BDO is the brand name for BDO USA, LLP, a U.S. professional services
firm providing assurance, tax, and advisory services to a wide range of
publicly traded and privately held companies. For more than 100 years,
BDO has provided quality service through the active involvement of
experienced and committed professionals. The firm serves clients through
more than 60 offices and over 650 independent alliance firm locations
nationwide. As an independent Member Firm of BDO International Limited,
BDO serves multi-national clients through a global network of more than
80,000 people working out of 1,590 offices across 162 countries.

BDO USA, LLP, a Delaware limited liability partnership, is the U.S.
member of BDO International Limited, a UK company limited by guarantee,
and forms part of the international BDO network of independent member
firms. BDO is the brand name for the BDO network and for each of the BDO
Member Firms. For more information please visit: www.bdo.com.

Contacts

Sally Slater
Bliss Integrated Communication
sally@blissintegrated.com
212-584-5475

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