Firm Management
Crowe Set to Acquire Texas Firm Belt Harris Pechacek
The transaction, which is expected to close in the next 30 days, expands Crowe's public-sector and Texas footprint.
Apr. 03, 2024
Top 15 accounting firm Crowe has entered into an agreement to acquire Belt Harris Pechacek (BHP), a Texas-based firm that provides audit and support services to local Texas governments.
The transaction, which is expected to close in the next 30 days, will further enhance and expand Chicago-based Crowe’s public-sector and Texas footprint. BHP has offices in Houston, Bellville, and Austin.
“BHP is a well-respected firm in the Texas market with a significant presence serving the public sector,” Wendy Cama, managing partner of audit and assurance for Crowe, said in a press release. “At Crowe, we have ambitious growth plans, including expanding in key growth markets such as Texas, and our decisions are always grounded by our core values of care, trust, courage, and stewardship. We’re very excited to welcome the BHP team to the Crowe family.”
BHP has more than 150 government clients, and since its inception, the firm’s goal has been to be the best in Texas at auditing local governments, including cities, counties, school districts, universities, and other special-purpose districts, said Robert Belt, BHP managing partner.
“Crowe has an impeccable reputation as a market leader, and our existing clients will benefit from an expansive offering of professional services,” he said. “We recognized that Crowe shared an unparalleled commitment in developing the talent of our current team, providing an environment for them to reach their full potential. We couldn’t be more thrilled to be part of the Crowe team and the opportunities ahead.”
Allan Koltin, CEO of Koltin Consulting Group, who advised both firms on the transaction, said, “BHP is one of the preeminent governmental audit firms in the state of Texas and was sought after by many acquirers. They chose Crowe because of their outstanding reputation and additional resources that they can provide to BHP’s clients. The deal will also provide great growth opportunities to BHP’s associates and accelerate their career paths.”