Daily News: August 14, 2019

BDO USA Acquires Loughlin Management


Accounting/advisory firm BDO USA has acquired Loughlin Management Partners, a boutique business advisory firm focused on corporate restructuring and turnaround services.

This group will operate as BDO Consulting Group, separate legal entity and affiliated company of BDO USA.

With the addition of LM+Co, BDO expands its suite of event driven business advisory services to support clients throughout their corporate lifecycle. BDO’s corporate and deal advisory services include supporting clients with mergers and acquisition transactions, business restructuring and turnarounds, operational consulting and business improvement, valuation advisory, and investment banking.

The addition of LM+Co to BDO will be effective August 1, 2019. LM+Co principal and managing director, James J. Loughlin, Jr., joins BDO as managing director responsible for leading the firm’s business restructuring and operational value creation practices. Most of the LM+Co team will relocate to BDO’s New York office with others establishing a presence for the newly acquired restructuring and operational advisory group in BDO offices around the country including Arizona, Florida, Southern California, Texas and Pennsylvania.

“BDO is pleased to be joining forces with LM+Co to bolster the resources and national presence of our corporate restructuring and operational advisory solutions, which will greatly benefit our clients,” said Jay Duke, national managing partner of Advisory Services at BDO USA.“We value the quality of service and extensive knowledge of middle market private equity and restructuring that Jim and his dedicated team of professionals deliver to the marketplace. Our two firms’ commitment to excellence align well and will help to ensure a successful, bright future together.”

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, restaurant, retail and technology sectors.

BDO is the brand name for BDO USA, a U.S. professional services firm providing assurance, tax and advisory services to a wide range of publicly traded and privately held companies. Restructuring and turnaround services within the U.S. are offered through BDO Consulting Group, a separate legal entity.