Deloitte picks up BMR's tax division after 2 years of sell-off talks

M&A, risk advisory practices headed KPMG's way

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.