With both firms approaching their 100th anniversaries, BKD, LLP (www.bkd.com), a national CPA & advisory firm based in the mid-west has agreed to acquire Loeb & Troper LLP. (www.loebandtroper.com) in New York, New York.
BKD, a member of Praxity, the world’s largest alliance of independent accounting firms, has 36 U.S. offices and almost 2,700 employees with over 30,000 clients around the globe. Its specialty service areas include clients in the healthcare, not-for-profit, higher education, governmental sectors and private equity. Loeb & Troper, the local market leader in providing audit, tax and consulting services to the health care, managed care, special needs, not-for-profit and education sectors. “With a broad menu of services and deep credentials, the BKD brand provides Loeb & Troper clients and staff, as well as the New York Metropolitan Area healthcare and not-for-profit sectors at large, a mid-sized service provider with distinctive capabilities. This transaction presents a truly terrific opportunity for all.” said Domenick J. Esposito, Chief Executive Officer of ESPOSITO CEO2CEO, LLC, who introduced the two firms to each other and consulted on the strategic transaction.