Accounting Firm BDO Expanding in NYC

BDO USA, one of the nation’s leading professional service organizations, has entered into an agreement to expand its metro New York practice through the addition of 38 staff, including 6 partners, from Charles A. Barragato & Company, LLP (CAB). Founded in 1998, CAB has offices in New York City and on Long Island. The firm has been a member of the BDO Alliance USA since 2009. It has a diversified client base with significant strength in high net-worth individuals, family offices, entertainers, healthcare providers and real estate investors and developers. The combination of BDO and CAB is expected to be completed on July 1, 2016.

“I look forward to welcoming all of the partners and staff formerly with CAB to BDO. This is an important addition, as it provides greater critical mass in the important New York metropolitan market, while also increasing our representation of clientele in the high net-worth and family office space. Combined with other additions around the country, BDO has expanded into 21 new cities and added to our critical mass in 13 existing markets over the past four years,” said Wayne Berson, CEO of BDO USA. “Through our Alliance relationship, we have a history of collaboration on client work and business development with our new partners and staff. This existing relationship will be extremely valuable as we integrate the CAB practice with BDO.”

“For almost two decades we have been very successful in growing our practice and building one of the leading firms serving high net-worth individuals, family offices and healthcare businesses in the New York metropolitan area. In joining BDO, we intend to amplify that growth even further as part of their private client services and healthcare teams. Our clients will continue to receive the close attention they have come to expect, while gaining access to a wider array of services, extensive industry experience and the resources of BDO’s extensive global network,” said Chuck Barragato, Managing Partner of CAB. “As a member of the BDO Alliance USA, our people already have a positive experience working with BDO partners and staff. As part of a national firm, our employees will now have access to many more opportunities to pursue career growth.”

Chuck Barragato, who has more than 35 years of experience in public accounting, will succeed Randy Schwartzman as the Office Managing Partner for BDO USA’s Long Island tax practice. This will allow Randy to focus his energies on his role as Regional Managing Partner for the Northeast Region tax practice, as well as serving his Long Island based clients. Chuck will also take on a leadership role in developing the Private Client Services practice in the Northeast region. Current BDO Partner, John Kyriakides, will continue to serve as the Office Managing Partner for the Long Island assurance practice.

Going forward, BDO plans to consolidate its CAB personnel into its existing New York metropolitan offices. In the interim, the firms will maintain the following existing locations (current contact information below):

BDO USA, LLP

Charles A. Barragato & Company, LLP

100 Park Avenue

950 Third Avenue, 20th Floor

New York, NY 10017 New York, NY 10022
Phone: 212-885-8000 Phone: 212-371-4446

BDO USA, LLP

Charles A. Barragato & Company, LLP

135 West 50th Street, 23rd Floor

700 Veterans Memorial Highway
New York, NY 10020 Hauppauge, NY 11788
Phone: 212-885-8000 Phone: 631-724-7900

BDO USA, LLP

401 Broadhollow Road, Ste. 201
Melville, NY 11747
Phone: 631-501-9600

BDO has headquarters in Chicago with 64 offices around the country.