Chicago-based professional services organization BDO USA LLP has expanded into the Utah market through the acquisition of Mantyla McReynolds LLC, a Salt Lake City accounting and consulting services firm. The staff of 64 at Mantyla McReynolds will join BDO, including 10 partners.
Chicago-based professional services organization BDO USA LLP has expanded into the Utah market through the acquisition of Mantyla McReynolds LLC, a Salt Lake City accounting and consulting services firm. The staff of 64 at Mantyla McReynolds will join BDO, including 10 partners.
Mantyla McReynolds has significant strength in the technology and life sciences, real estate, hospitality and entertainment, equipment leasing, outdoor recreation and ski resorts, auto dealerships, and manufacturing and distribution industries. The firm has been a member of BDO Alliance USA since 2008. The combination of BDO and Mantyla McReynolds is subject to customary closing conditions and is expected to be completed on July 1.
“I want to welcome all of the partners and staff formerly with Mantyla McReynolds to BDO. This combination provides BDO with a sizable presence with excellent growth potential in the important Salt Lake market,” said Wayne Berson, CEO of BDO USA. “Through our previous Alliance relationship, we have a history of collaboration on client work and business development with our new partners and staff. This familiarity will be extremely valuable as we integrate the practice with BDO.”
“For the entire eight years we have been members of the BDO Alliance USA, we have thoroughly enjoyed working with the BDO partners and staff. BDO has a very compatible service philosophy that will make our transition into the firm as seamless as possible,” said Kim McReynolds, managing partner of Mantyla McReynolds. “We’ve established a long history of creating strong relationships with some of Utah’s largest entrepreneurial companies, many with national and international reach. By combining with BDO we will build on that tradition by bringing our clients a wider array of solutions, broader industry experience, and the full coverage of BDO’s global network. BDO has a very similar culture to our own and the firm’s reputation as a favorable workplace also fits well with our focus on our people, who will now have access to many more opportunities to pursue career growth.”
Don Mantyla and McReynolds, firm co-founders, will continue in their leading roles in the practice. Matt McReynolds, who has more than 15 years of professional experience, will continue to serve as the assurance managing partner for the new Utah practice of BDO USA. Shane Grant, who has more than 24 years of experience in public accounting, will continue in his role as the tax managing partner for the Utah practice.
BDO will maintain Mantyla McReynolds' current office location.