Blazing a trail: Abdo expands through merger
May 23, 2023
EDINA, MN — June 1, 2023 — Abdo LLP, a leading full-service accounting and consulting firm based in Minnesota with over 60 years of experience, is excited to announce the successful merger with HG&K, Ltd., a Minnetonka-based firm, effective immediately. In this transaction, Abdo acquires substantially all the assets of HG&K. The newly combined firm will continue to operate under the Abdo name, with shared values, brand, and vision.
Abdo is ranked as a Top 25 Accounting Firm by the Minneapolis/St. Paul Business Journal, was named as a 2022 Regional Leader in the accounting industry by Accounting Today, and has been recognized by Inside Public Accounting as one of the top 200 largest accounting firms in the nation. Abdo’s mission is to serve as proactive problem-solvers, providing partnership and guidance so that its clients can move forward towards their goals with confidence. At the heart of the firm’s approach to delivering the best outcomes for its clients is the importance of building and maintaining long-lasting relationships, and the overall client experience.
HG&K is a mid-size accounting firm based in Minnesota that has been providing accounting and advisory services to a broad range of businesses and organizations since 1978. HG&K specializes in the construction, real estate, manufacturing, professional services, and nonprofit industries, all which align with Abdo’s areas of expertise. All of its staff and partners will retain their roles as a part of Abdo following the merger.
Eric Hermanson, a shareholder at HG&K, shared his support of the merger. “By joining forces with our new partners, we are not only able to expand our capabilities and offer our clients more comprehensive services, but we are also able to do so with a team that shares our commitment to excellence and personalized attention, all while staying true to our core values,” said Hermanson.
The acquisition of HG&K enables Abdo to deepen its industry expertise and offer a wider range of services to clients. Leaders at both Abdo and HG&K agree that the merger presents significant benefits to their employees and clients, resulting in increased resources, capabilities, enhanced services, and a stronger market share.
“As we celebrate the 60th anniversary of the firm, our future has never looked so bright. We believe this merger presents significant benefits for our people, clients, and firm. Abdo and HG&K share many similarities in the services we offer and the industries we serve, but more importantly, HG&K also shares our values and vision for the future. Our clients seek growth and success, while maintaining security and confidence. Joining forces will allow us to increase our specialization, provide deeper expertise, and offer more value-added solutions to our clients,” said Steve McDonald, Managing Partner at Abdo.
Abdo’s Chief Executive Officer, Jana Cinnamon, stated, “We are confident this merger represents a strategic move that will drive Abdo’s growth and success in the long term. We look forward to embarking on this exciting journey together and continuing to deliver an exceptional employee and client experience as a combined firm.”
Meet the Expert
Steve McDonald, CPA
Under Steve’s leadership, Abdo has helped governments, nonprofits and businesses find their path to success.
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