One of the largest accounting and business advisory firms in the Puget Sound region, Peterson Sullivan, is merging with accounting giant BDO USA, adding global reach to the Seattle-based accounting firm that has been serving the Pacific Northwest since 1953.
The deal adds Peterson Sullivan’s 175 partners and professionals to the BDO team, which operates nearly 1,600 offices globally in 162 countries and recorded fiscal 2019 U.S. revenue of $1.64 billion. Peterson Sullivan now ranks as the seventh-largest accounting firm in the Puget Sound region. Over the past seven years, BDO has entered 24 new U.S. markets and expanded its operations in 13 existing markets.
“BDO has fueled its tremendous growth by combining with entrepreneurial and successful CPA firms that not only complement their service offerings and culture but add value for their clients.” says Allan D. Koltin, chief executive officer of Koltin Consulting Group, who advised both firms on the combination. “The addition of Peterson Sullivan offers tremendous opportunity throughout the Seattle market and the entire Pacific Northwest region.”
Peterson Sullivan serves clients in a variety of industries, including technology, manufacturing, real estate, professional services and the life sciences. Chris Russell, managing partner of Peterson Sullivan, will become the market managing partner for BDO in Seattle once the deal is completed ― with BDO planning to consolidate its existing downtown Seattle office at 800 5th Ave. with the current Peterson Sullivan location at Two Union Square after the deal is finalized.
“In joining BDO, our clients will continue to receive the personalized and responsive attention they have come to expect, now with enhanced access to more specialized services, broader industry expertise, and BDO’s extensive global network,” Russell says.