The top 15 accounting and business advisory firm BKD CPAs & Advisors has acquired the Phoenix firm Schmidt Westergard, effective January 16, 2022.
“We extend a warm welcome to the newest members of our One Great Firm,” said BKD CEO Tom Watson. “BKD is intentional about growing wisely, so we carefully look for firms that are a strong strategic and cultural fit when making such moves. Arizona has long been a target for BKD, and I’m confident the team at Schmidt Westergard is the right fit as we grow once again.”
Founded in 1968 in Mesa, Arizona, Schmidt Westergard provides full-service tax, audit, accounting and business advisory services. Four partners, one managing director and approximately 30 staff join BKD. Adding this Phoenix location brings the total number of BKD locations to 41 offices in 19 states. Current Schmidt Westergard Managing Partner Lynn Westergard will serve as BKD’s market leader in Phoenix.
“This partnership reflects our commitment to provide enhanced and rewarding career opportunities for our team members and our passion for better serving our clients,” Westergard said. “We closely identify with BKD’s culture, core values and philosophy of providing Unmatched Client Service. By joining forces, we also gain access to new and exciting solutions for our clients and BKD’s national presence in our niche industries.”
As the 11th largest U.S. metropolitan area with one of the nation’s fastest-growing economies, Phoenix was viewed as a key strategic expansion market by BKD’s Governing Board. This new location will provide BKDers with enhanced options for career mobility and creates a strong platform for growing the firm’s primary industries.
“We are excited about the opportunity to expand into Arizona with the Schmidt Westergard team,” said South Region Managing Partner Kimberly McKay. “Their core values and excellent client service have allowed them to develop into a top 15 accounting firm in the Phoenix metro area. The strength of our combined team plus the resources we expect to add in Phoenix will allow us to build upon that success.”