IMPORTANT MERGER FOR BDO COSTA RICA
08 March 2017
BDO Costa Rica is pleased to announce its merger with a local firm, Grupo Camacho. As a result of this merger, BDO Costa Rica will more than double in size and will become one of the most influential and largest audit and tax firms within the country.
This merger sees BDO Costa Rica expanding, strengthening and diversifying its portfolio of services, resulting in a more robust and specialised service offering for its clients, which includes transfer pricing, international tax, corporate finance and consultancy in the public sector. The acquisition is in alignment with BDO’s global strategic ambition and growth plan and adds 70 professionals, including one partner and two directors from Grupo Camacho. BDO Costa Rica now counts a total of 5 partners and approximately 100 staff in their office in San José.
“Greatly supported by the BDO network, our merger with this well-recognised firm will grow our business further and strengthen our position in the local market. It is our vision to continue to build strong business relationships and to provide added value to our clients”, comments Alfonso Bustamante, Managing Partner of BDO Panama and BDO Costa Rica, who has taken the lead in developing BDO’s presence in the Costa Rican market.
Carlos Camacho, now a BDO Tax Partner, is delighted to be joining the BDO network and adds: “I am confident that leveraging the BDO name and brand in the Costa Rican market will enable us to develop a formidable tax and advisory business. This represents an exciting new chapter in our firm's growth and we are all looking forward to working with our BDO colleagues worldwide”.
“This merger demonstrates what a powerful international brand can achieve. Together with more than 67,000 professionals across the 158 countries and territories in BDO’s global network, we are creating a positive and lasting impact on the businesses and the countries we work with”, says Keith Farlinger, CEO Americas of BDO.