BDO Launches Customs and International Trade Practice with Acquisition of Global Trade Strategies, Inc.
CHICAGO--(BUSINESS WIRE)--Jan 9, 2019--BDO USA, LLP, one of the nation’s leading accounting and advisory firms, today announced the launch of a new Customs and International Trade practice. This practice was formed through the acquisition of the assets of Global Trade Strategies, Inc. (GTS), a leading provider of customs and international trade regulation consulting and previously a BDO Alliance USA member firm. The acquisition expands the resources of BDO’s International Tax Services to provide cross-border global tax advisory services.
BDO’s new Customs and International Trade practice will help multinational companies navigate the complex rules governing the cross-border movement of goods and services, with the goal of minimizing duty, VAT and excise tax payments, while maximizing corporate customs and trade compliance. Damon V. Pike, who will join BDO as a principal, will lead the practice. The personnel of GTS have also joined BDO and will be based in the firm’s South Florida offices.
“Between the pinch of tariffs, escalating trade tensions overseas and uncertainty around Brexit, today’s multinational organizations need a deeper understanding of the impacts on their supply chains and global trade operations,” said Monika Loving, BDO’s national practice leader for International Tax Services. “We are thrilled to have Damon join us to lead our newly-formed Customs and International Trade practice. Combined with our significant international tax experience, Damon and his team will help our clients align customs-related requirements with their broader cross-border tax and business strategies.”
Pike is renowned for his insights in harmonizing transfer pricing policies and customs valuation requirements as part of designing in-house customs and trade compliance programs. He is an adjunct professor at Emory University School of Law, where he teaches “Customs Law” based on the book he co-authored of the same name, the only U.S. law school casebook ever published in this field. He started his career as a law clerk to Judge R. Kenton Musgrave of the U.S. Court of International Trade and also led the Customs Services group of a Big Four firm for twelve years prior to starting GTS. He earned a B.A. in political science from Duke University during which time he completed an international studies program at the University of Copenhagen in Denmark. Pike also completed a postgraduate fellowship from Universität Regensburg in Germany, and received a J.D. from Wake Forest University.
“At GTS, we prided ourselves on the values of integrity, trust and deep experience. Our focus on those qualities make joining BDO a natural fit,” Pike said. “The world is getting smaller through global trade, but regulations are proliferating, and trade tensions are complicating an already complex environment. We’re excited to join forces with BDO’s International Tax Services practice to help clients both manage the risks and identify the opportunities inherent in global business.”
BDO Facts:Over the past five years, BDO USA’s cumulative growth rate has far outpaced all other major U.S. accounting firms, with revenues more than doubling from $618 million in 2012 to $1.41 billion in 2017. During that time, BDO entered 24 new U.S. cities and expanded its critical mass in 13 existing markets. BDO represents companies ranging from closely-held private businesses to leading nonprofits to Fortune 500 multinationals. BDO USA has industry practices specialized in serving businesses in the construction, energy, financial institutions, asset management, government contracting, healthcare, insurance, manufacturing, nonprofit, private equity, real estate, restaurant, retail and technology sectors. BDO has been named a Best Company by Working Mother Magazine for seven consecutive years and been recognized with the When Work Works Award for Business Excellence in Workplace Flexibility for eight consecutive years. BDO has more than 60 offices and more than 550 independent alliance firm locations around the country. BDO USA has been serving clients for more than 100 years since its founding in 1910 (as Seidman & Seidman). As an independent member of BDO International Limited, the firm can leverage the resources of more than 73,000 people in 1,500 offices across 162 countries.
BDO is the brand name for BDO USA, LLP, a U.S. professional services firm providing assurance, tax, and advisory services to a wide range of publicly traded and privately held companies. For more than 100 years, BDO has provided quality service through the active involvement of experienced and committed professionals. The firm serves clients through more than 60 offices and over 550 independent alliance firm locations nationwide. As an independent Member Firm of BDO International Limited, BDO serves multi-national clients through a global network of 73,800 people working out of 1,500 offices across 162 countries.
BDO USA, LLP, a Delaware limited liability partnership, is the U.S. member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. BDO is the brand name for the BDO network and for each of the BDO Member Firms. For more information please visit: www.bdo.com.
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CONTACT: Madeline O’Connor
Bliss Integrated Communication
KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS
INDUSTRY KEYWORD: PROFESSIONAL SERVICES ACCOUNTING CONSULTING FINANCE
SOURCE: BDO USA, LLP
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PUB: 01/09/2019 10:00 AM/DISC: 01/09/2019 10:01 AM