Richey May has acquired Wagner, Kaplan, Duys & Wood, LLP (WKDW), a specialized tax boutique CPA firm, for an undisclosed amount. This strategic acquisition marks a significant expansion of Richey May's professional services capabilities, integrating WKDW's deep expertise in complex tax planning and compliance.
WKDW is renowned for providing tax planning and compliance services to a diverse client base, including domestic and foreign investors and developers involved in large US commercial real estate investments. The firm also serves high net worth individuals, particularly AM 100 law firm partners, and middle market businesses, such as construction companies. A core strength lies in its proven tax strategies and compliance services for private equity firms and family offices representing foreign investors in inbound U.S. commercial real estate. WKDW works closely with clients' financial and legal advisors to minimize Federal and state income taxes, including preparing entrance and exit tax models. The firm is an independent member of the BDO Alliance USA and has been recognized as an Inside Public Accounting top 400 firm, earning IPA Best of the Best and fastest growing firm awards.
The acquisition is expected to create substantial synergies, enhancing Richey May's ability to offer comprehensive tax solutions. WKDW's specialized focus on real estate tax, international tax implications for foreign investors, and high net worth individuals will significantly broaden Richey May's service portfolio and client reach. This integration will allow the combined entity to deliver more robust and specialized tax advisory and compliance services, particularly in the intricate landscape of commercial real estate and cross-border investments.
Looking ahead, the combined firm is poised to leverage WKDW's award-winning expertise and established client relationships to strengthen its market position. This acquisition underscores a commitment to providing sophisticated, integrated tax and advisory services, offering clients enhanced value through a broader spectrum of specialized knowledge and resources.