Advisory
BDO Acquires Accounting Firm Hertzbach & Company, P.A.
Founded in 1948 by George Hertzbach, Hertzbach & Company, P.A. provides a full range of assurance, tax and advisory services to clients throughout the Mid-Atlantic Region.
Oct. 28, 2020
BDO USA, LLP, one of the nation’s leading accounting and advisory firms, has acquired the accounting firm Hertzbach & Company, P.A., a BDO Alliance USA member that serves clients in Baltimore, Northern Virginia and the Greater Washington, D.C. markets. The combination of BDO and Hertzbach is subject to customary closing conditions and is expected to be completed November 16th. The 134 partners and professionals from Hertzbach will join BDO.
“While Hertzbach & Company, P.A. has been part of the BDO Alliance USA for more than 17 years, this official combination with the firm significantly bolsters our presence in the greater Baltimore and Washington, D.C. markets and enhances our ability to serve clients throughout the entire Mid-Atlantic Region,” said Wayne Berson, CEO of BDO USA. “Our collective history of collaborative client work and business development has been extremely valuable. On behalf of everyone at BDO, I warmly welcome Hertzbach’s talented partners and professionals to BDO USA.”
Founded in 1948 by George Hertzbach, Hertzbach & Company, P.A. provides a full range of assurance, tax and advisory services to clients throughout the Mid-Atlantic Region. The practice has significant strength in construction, real estate, healthcare, government contracting, manufacturing, nonprofit and financial services. Ranked as the fifth-largest accounting firm in Baltimore by the Baltimore Business Journal, Hertzbach has been a member of the BDO Alliance USA since 2003.
“For 72 years, Hertzbach has been recognized for our integrity, focused on reliability and dedication in public accounting for our clients in both the Greater Baltimore and Washington D.C. areas,” said Joel B. Chazen, managing partner at Hertzbach. “Our clients will continue to receive the same level of personalized attention, but with this expansion, will have access to a wider array of solutions, broader industry experience and the full depth of BDO’s global network. As we continue our long-standing relationship with BDO, we look forward to a bright future for our employees and clients, alike.”
BDO will maintain Hertzbach’s Owings Mills, Md. office. Hertzbach’s Arlington, Va. office has been integrated into BDO’s McLean, Va. office and the Rockville, Md. office will be integrated into BDO’s Potomac, Md. office. The combination with Hertzbach further bolsters BDO’s expansive growth in the Mid-Atlantic region, following the addition of MorganFranklin’s Public Sector Practice in McLean, Va. and Biegel Waller Investment and Tax Advisory Services in Columbia, Md. earlier this year.
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 65 offices and over 740 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 88,000 people working out of more than 1,600 offices across 167 countries and territories.