Hartman Leito & Bolt, a large Fort Worth-based regional accounting firm with about 60 employees, will merge into BDO USA, a big national professional services firm, the companies said Monday.
Hartman Leito & Bolt is the third-largest Tarrant County-based accounting firm with about $11 million in revenue last year, according to Accounting Today, an industry news service. 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 at 6050 Southwest Blvd., and the company will work out of BDO’s downtown Dallas office as well.
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The deal will give BDO USA 225 employees in Dallas-Fort Worth. It's a member of U.K.-based BDO International Ltd.
BDO USA is the nation’s No. 7 accounting firm, according to the Accounting Today ranking. It did not previously have a Tarrant County presence, Leito said.
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.