 "BMR Advisors may get breakthrough after 2 years of sell-off negotiations")
Professional services firm Deloitte is set to merge the lucrative tax practice of boutique advisory firm BMR Advisors with itself. This follows intense negotiations over the last two-three weeks between three possible suitors that also included two of the other Big Four firms, KPMG and PwC.
BMR’s M&A and risk advisory practices are likely to be picked up by KPMG.
When reached for comments, BMR Advisors said it will make a formal announcement on Tuesday. Sources indicated that Deloitte on Monday internally informed its employees of the impending merger of BMR’s tax practice, that includes both direct and indirect taxes.
