M&A

MorganFranklin finds new home for public sector shop

Just under a year shy of being acquired itself, MorganFranklin Consulting and its owner, Vaco, have decided to go all-in on work with commercial clients and found a new home for the public sector division.

Accounting and advisory firm BDO USA is acquiring the MorganFranklin public sector practice and expects to close the transaction on July 16, both companies announced Tuesday. Terms of the deal were undisclosed.

MorganFranklin’s public sector federal agency clients include the Defense Department, Army and Marine Corps along with civilian customers such as Veterans Affairs and Labor.

For BDO, the firm also expands its public sector practice to the Huntsville, Alabama region and furthers growth in the Washington, D.C. area. The D.C. footprint includes offices in the capital itself along with McLean, Virginia and Potomac, Maryland.

MorganFranklin combined with global talent and professional services firm Vaco last summer and both companies touted the combination as one that covers all sectors including government.

That transaction and this latest deal with BDO are intended to position MorganFranklin as the global consulting platform for Vaco in commercial markets.

About the Author

Ross Wilkers is a senior staff writer for Washington Technology. He can be reached at rwilkers@washingtontechnology.com. Follow him on Twitter: @rosswilkers. Also find and connect with him on LinkedIn.

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