CFGI acquired BAO Consulting Group, expanding the accounting and business advisory firm’s presence in Texas and establishing a larger footprint in the Dallas market. BAO provides Office of the CFO services and has operations in Dallas and Houston.
Founded in 2021, the company has built capabilities across accounting and finance advisory, CFO and controller support, financial planning and analysis, finance transformation, systems implementation, and transaction-related services.
CFGI said BAO’s client relationships, repeat engagements, and referral-driven growth complement its existing delivery model.
The combination is expected to expand the range of services available to clients and create opportunities to pursue larger and more complex engagements.
The transaction also strengthens CFGI’s ability to serve management teams and private equity sponsors across accounting, transaction, and business improvement priorities.
BAO will gain access to CFGI’s broader international organization, delivery capacity, and service capabilities.
CFGI has more than 1,400 professionals across more than 30 offices in the Americas, Europe, and Asia-Pacific.
The company is a portfolio company of Carlyle and CVC Capital Partners.
KEY QUOTES:
“Joining CFGI is a natural next step for BAO. We built this firm on strong client relationships and a high-touch approach, and CFGI shares that commitment. Being part of a scaled, international organization gives our team a broader suite of capabilities, greater delivery capacity, and the resources to accelerate our next phase of growth.”
Ben Amstein, Co-Founder and Chief Growth Officer of BAO Consulting Group
“BAO has built an outstanding reputation in Texas through the strength of its people and its client relationships. This is exactly the kind of firm we want to join forces with. We are delighted to welcome the BAO team to CFGI.”
Nick Nardone, Co-CEO of CFGI
