BDO USA combines with MBAF

BDO USA, LLP and MBAF recently announced a combination that created the state’s largest accounting and advisory firm and combined more than a century and a half of experience.

In the combination, which was completed Jan. 16, BDO USA gained 600 of MBAF’s employees. MBAF, which recently celebrated its 50th anniversary, was already the country’s largest Florida accounting and professional services firm. It also has a national and international reach with offices in India, Nevada, Colorado, Maryland and New York.

Tony Argiz, CEO and Chairman of MBAF, said in a release that the company’s “resources and geographic influence will bolster BDO’s presence in the region.” He is now South Florida Managing Partner at BDO.

“Our decision to join BDO comes from a position of strength to enhance service to our clients, provide opportunities for our people and continue our strong path of growth in Florida and beyond,” Argiz said.

For its part, professional services firm BDO is set to grow stronger with the merger, its eighth in FY21. In the release, the company says its growth is thanks to client service, innovation and a world-class workforce, which shows in recent numbers. Total revenue for FY20 was $1.8 billion, and the company believes it will go beyond $2 billion in FY21 “via continued focus on strategic combinations, new market opportunities, expanding its existing market presence and a concerted investment in firmwide innovation and new service offerings.”

“With BDO and MBAF combining, our respective strengths create an unmatched opportunity for two like-minded firms to become a sum much greater than their parts. Together, as the leading accounting and advisory firm in Florida, we will maintain our unparalleled dedication to client service and continue to champion the middle market across the country,” said Wayne Berson, CEO of BDO USA, in the release. “Like BDO, MBAF has remained committed to excellence, stability and longevity, all while leading with purpose. Today, we officially welcome MBAF’s outstanding leadership and staff as we anticipate what’s next in the year ahead and position ourselves for long-term resilience and unprecedented growth.”

Through the combination, MBAF affiliate WhiteOwl will become part of BDO Digital. Another affiliate, boutique nonprofit practice Fiscal Management Associates, LLC, is now BDO-FMA, LLC. According to the release, FMA “serves more than 400 nonprofit organizations … throughout the country, delivering capacity building initiatives that promote stable, long-term growth and financial resilience.”

Pictured above: Stuart Rosenberg, a partner at BDO; Tony Argiz; and Miguel Farra, South Florida Tax Managing Partner at BDO.

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Drew Limsky

Drew Limsky



Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.