BDO Acquires Fort Worth Accounting Firm

The national accounting and business services firm BDO USA is acquiring the Fort Worth, Texas-based firm of Hartman Leito & Bolt, the firms announced on Wednesday.

With about 60 staff, Hartman Leito & Bolt is the third-largest Tarrant County-based accounting firm with about $11 million in revenue last year. It was founded in 1986 and has clients in manufacturing, construction, real estate and the not-for-profit sector, along with a practice serving high-net-worth individuals, said founding partner Jim Leito.

BDO has a strong energy and natural resources practice and a presence in logistics and retail that should help the company pick up new Tarrant clients, Leito said. The transaction is effective June 1.

HLB's Fort Worth offices are 6050 Southwest Blvd., and the company will work out of BDO's downtown Dallas office as well.

The deal will give BDO USA 225 employees in Dallas/Fort Worth. It's a member of U.K.-based BDO International Ltd.

According to the announcement, Leito will manage the Fort Worth assurance practice for BDO and Pam Roberts will manage the tax practice. HLB founding partner Tracy Bolt will do strategic consulting with BDO clients on business advisory matters.

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