CFGI Expands Texas Footprint with BAO Consulting Acquisition
Global advisory firm CFGI has acquired BAO Consulting Group, a move designed to cement its presence in Dallas and Houston. By integrating BAO’s finance and accounting expertise, CFGI aims to bolster its service offerings for private equity sponsors and management teams operating across the Texas market.
Founded in 2021, BAO Consulting Group established a reputation for high-touch financial planning, systems implementation, and transaction support. The firm’s growth trajectory, anchored by repeat client engagements in Dallas and Houston, aligns with CFGI’s existing delivery model. This merger allows the combined entity to pursue larger, more complex mandates while scaling resources for existing clients.
Ben Amstein, co-founder of BAO, noted that the partnership provides the necessary infrastructure to accelerate the firm’s next phase of growth. Nick Nardone, co-CEO of CFGI, emphasized that the acquisition centers on the strength of BAO’s professional network and regional reputation. CFGI, backed by Carlyle and CVC Capital Partners, currently employs over 1,400 professionals across 30 global offices.
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