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BGM acquires John T. Chipman & Company, LLP

PRIVATEAug 31, 20265 days ago

Acquiring Company

BGM

Acquired Company

WORQ

MinnesotaMalaysiaFinancial ServicesFinanceConsultingAccounting

Description

BGM has combined with John T. Chipman & Company, LLP, marking its first Northeast location in the Boston area. JTC will operate under the BGM name, allowing both firms to expand their service capabilities while maintaining client relationships. The merger is expected to provide deeper expertise and broader resources for clients.

Company Information

Company

BGM

Location

Minnesota, United States

About

BGM is a leading full-service accounting, tax, and advisory firm. Founded in 1982, it serves entrepreneurial businesses and individuals throughout the Midwest and across the U.S. The firm is dedicated to helping clients achieve financial clarity and confidence. BGM delivers comprehensive accounting, tax, wealth management, and trust and estate services.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed

Frequently asked

Who acquired WORQ?

WORQ was acquired by BGM, based in Minnesota. The deal was reported on August 31, 2026. BGM is a leading full-service accounting, tax, and advisory firm. Founded in 1982, it serves entrepreneurial businesses and individuals throughout the Midwest and across the U.S. BGM is privately held and operates in Financial Services.

When did BGM acquire WORQ?

BGM's acquisition of WORQ was reported on August 31, 2026. BGM has combined with John T. Chipman & Company, LLP, marking its first Northeast location in the Boston area. JTC will operate under the BGM name, allowing both firms to expand their service capabilities while maintaining client relationships. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does WORQ do?

Malaysia-based co-working space provider with a goal to expand its co-working space operations. It is privately held, and is based in Malaysia.

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