BGM Enhances Northeast Operations with John T. Chipman Integration

BGM Expands Its Northeast Presence

BGM, a prominent player in the accounting and advisory sector, has made a significant move by merging with John T. Chipman & Company, LLP (JTC). This strategic union is set to bolster BGM's operations in the Northeast, establishing its first office in the Boston area, thus expanding its reach across New England.

Founded in Bloomington, Minnesota, BGM is known for its comprehensive suite of accounting, tax, audit, and advisory services. The combination with JTC, a well-respected firm from Norwood, Massachusetts, adds valuable expertise and extends BGM’s capabilities. JTC will officially operate under the BGM name, integrating its team and clients into the larger organization.

The partners at JTC, including David C. Foster, CPA, CGMA, CBEC, and Lisa M. Gray, CPA, CGMA, bring over 35 years of industry experience. JTC is recognized for its personalized service and has established strong relationships with its diverse clientele across various sectors, including manufacturing, real estate, law, and retail. This merger not only retains those crucial client relationships but also enhances the resources available to clients, allowing them to benefit from a wider range of services.

Dane J. Boeckermann, Principal and CEO of BGM, expressed enthusiasm about the merger, stating, "The addition of JTC represents an exciting step forward in BGM's continued growth. Their commitment to client service mirrors our values, making them a perfect fit for our firm." This alignment of culture and service philosophy is expected to facilitate a smooth integration for both BGM and JTC.

Foster echoed these sentiments, noting the unique opportunities the merger presents for their clients and team. He highlighted that the extensive resources and specialized expertise available through BGM can enhance the level of service offered to clients while ensuring personalized attention remains a priority.

The transition will see the JTC team continue operations from their existing Norwood location, providing continuity for clients while fostering new collaborative opportunities within BGM. As part of the transition, clients will now have access to a multi-disciplinary team specializing in various domains such as audit, tax, consulting, wealth management, and estate services, which enhances the overall counsel available to them.

This merger aligns with BGM's strategic growth objectives, as the firm aims to enhance its operational footprint and client service capacity. By extending into the Northeast, BGM aims to penetrate one of the most competitive markets in the U.S., diversifying its portfolio while providing exceptional service to new and existing clients.

Joe Tarasco, CEO of Accountants Advisory Group, played a crucial advisory role in facilitating the merger, guiding both firms through the integration process. Following this strategic move, BGM is well-positioned to capitalize on opportunities for growth and development across the New England territory.

BGM, established in 1982, continues to thrive in providing top-tier accounting services to entrepreneurial businesses and individuals. For more information on their services and vision, you can visit bgm360.com.