Avaunt will rebrand as BPM LLP when the deal closes August 1. All 13 Avaunt employees (which includes 11 staff and two partners) will join BPM. BPM has more than 900 employees worldwide.
The deal comes on the heels of BPM’s recent announcement of its upcoming combination with Elliott CPA Group Inc. in Santa Rosa, California, which is expected to take effect July 1.
Financial terms of the deal were not disclosed. BPM, formerly known as Burr Pilger Mayer, ranked No. 38 on Accounting Today‘s 2022 list of the Top 100 Firms, with $166.3 million in annual revenue.
“As a firm, BPM is committed to meeting clients where they are, which is why we are so pleased Avaunt plans to join us, providing an office and top-notch resources in California’s capital city,” said BPM North Bay partner-in- charge Michelle Muth Ausburn in a statement Wednesday. “Throughout their long history in the market, Perry, Dorothea and their team have demonstrated a people-first approach much like BPM’s. Our deep relationships and business connections are instrumental to helping our clients get established, grow and mature.”
Avaunt was founded by Perry Ghilarducci in 1985 and focuses on serving businesses in the restaurant and hospitality space, along with medical industry practices and professionals.
“The Sacramento region has seen growth in the last five years, and we could not be happier to combine forces with the 900+ members of the BPM team to meet the market demands,” Ghilarducci said in a statement. “BPM brings new depth to the services we currently offer our clients, as well as an expanded menu of solutions that will help further our clients’ business goals in the region and well beyond.”
This is the fifth combination for BPM since 2020. Prior to the deal with Elliott CPA Group in Santa Rosa, the firm’s Southern California expansion has included teams from Orange County, Long Beach and Santa Monica. Last summer, in probably its biggest deal, BPM merged in Gumbiner Savett, which was based in Santa Monica. In 2020, BPM added Rossi LLPa firm in Long Beach, California, NetSuite reseller Caravel Partners and Warnick, Maestas & Maroneya firm in Irvine, California.