CFGI announces acquisition of BAO Consulting Group, enhancing Dallas market presence

Joining forces creates opportunities to deepen relationships, broaden services, and expand market presence.

BOSTON, Oct. 7, 2026 /PRNewswire/ -- CFGI, a global accounting and business advisory firm, announced the acquisition of BAO Consulting Group (BAO), a highly complementary organization with shared expertise across Office of the CFO services and a client-first, relationship-driven approach. The combination establishes a meaningful presence for CFGI in the Dallas market and strengthens its ability to serve management teams and private equity sponsors on their most important accounting, transaction, and business improvement priorities. 

Since its founding in 2021, BAO has built a rapidly growing advisory business in Dallas and Houston, with capabilities in accounting and finance advisory, CFO and controller support, financial planning and analysis, finance transformation, systems implementation, and transaction-related services. BAO's growth has been driven by strong client relationships, repeat engagements, and referrals, reflecting the strength of its team and reputation in the market. These strengths are highly complementary to CFGI's existing delivery model and create significant opportunities to broaden the range of services, enhance client experience, and expand the firm's presence across Texas.

"Joining CFGI is a natural next step for BAO. We built this firm on strong client relationships and a high-touch approach, and CFGI shares that commitment. Being part of a scaled, international organization gives our team a broader suite of capabilities, greater delivery capacity, and the resources to accelerate our next phase of growth," said Ben Amstein, Co-founder and Chief Growth Officer at BAO.

"BAO has built an outstanding reputation in Texas through the strength of its people and its client relationships. This is exactly the kind of firm we want to join forces with," said Nick Nardone, Co-CEO of CFGI. "We are delighted to welcome the BAO team to CFGI."

Together, CFGI and BAO will be well positioned to pursue larger and more complex engagements, address a broader range of client needs, and create new professional opportunities for employees across the firm.

CFGI, a Carlyle and CVC Capital Partners portfolio company, is a leading global independent accounting and business advisory firm to the CFO and Private Equity firms. With a team of over 1,400 professionals serving thousands of clients across 30+ offices in the Americas, Europe, and Asia Pacific, CFGI partners with management teams, finance leaders, and private equity sponsors on their most critical regulatory, transaction, and business improvement priorities. Learn more at www.CFGI.com.

SOURCE CFGI