Abdo

What Abdo does

Abdo (legal entity Abdo L.L.P.) is a privately held, Minnesota-originated accounting and advisory firm founded in 1963 by Joe Abdo with a $15,000 family loan. Headquartered in Edina, Minnesota and operating offices in Mankato, Scottsdale (Arizona), and Salt Lake City (Utah), the firm employs between 101 and 250 professionals, including roughly 30 partners. Abdo delivers the standard CPA firm's menu across six service lines: Audit, Tax, Advisory and Consulting, HR and Payroll Solutions, Technology and Data Solutions, and Wealth Management (delivered through a OneDigital partnership). Its core technology offering is built around third-party Sage Intacct ERP implementation plus in-house Strategic Data Analytics services rather than proprietary software.

The firm serves a defined set of vertical markets - government entities (cities, counties, school districts, fire relief associations), nonprofit organizations, construction and real estate firms, manufacturers, professional services firms, and specialized industries (community banking, mutual insurance) - alongside small businesses that require outsourced HR and payroll support. Industry expertise is concentrated in regulated engagements (GASB, Uniform Guidance, DOL audits for employee benefit plans), with multiple partners holding CVA, CFE, or MBT credentials and serving on GASB standard-setting committees.

Abdo generates revenue through time-and-engagement professional service fees under quote-based pricing. Distribution is direct, via partner-led business development, RFP submissions, and referrals; there is no channel partner or product-led motion. The firm has expanded through both acquisition (merger with HG&K, Ltd. effective June 1, 2023), organic geographic expansion (Scottsdale 2021-2022; Salt Lake City 2024), and targeted lateral partner hires. FY24 net revenue was reported at $46.87M, earning IPA Top 200 placement alongside 2025 Best of the Best, Accounting Today Regional Leader, and ClearlyRated Best of Accounting recognition. Operations remain partner-led under Managing Partner Steve McDonald, with no external capital or PE ownership disclosed.

Name

Abdo

Legal name

Abdo L.L.P.

Website

https://abdosolutions.com

Company type

Private

Founded year

1963

Operating status

Operating

Headcount range

101–250 employees

Short description

Abdo is a privately held Minnesota-based CPA and advisory firm offering audit, tax, advisory, HR/payroll, technology, and wealth management services to government, nonprofit, construction/real estate, manufacturing, professional services, and small business clients across Minnesota, Arizona, and Utah.

Ownership category

akta.pro rank

Headquarters

HQ city

Minnesota City

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Audit Services: Audit and attest services including governmental audits, employee benefit plan audits, and compliance audits. Revenue is generated through professional service fees billed to clients.
2. Tax Services: Tax preparation, planning, and compliance for individuals, businesses, and organizations. Includes state and local taxes, estates and trusts, and R&D tax credits.
3. Advisory and Consulting Services: Client accounting and advisory, government financial management, nonprofit advisory, business growth and transition, process evaluation and improvement, sustainability services, and forensic accounting.
4. HR and Payroll Solutions: HR consulting and payroll processing services for small to mid-sized businesses.
5. Technology and Data Solutions: Sage Intacct implementation and strategic data analytics services. Technology consulting and software implementation services.
6. Wealth Management: Wealth management and financial advisory services delivered through partnership with OneDigital.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Abdo is a full-service accounting and advisory firm providing audit, tax, advisory, HR & payroll, technology & data, and wealth management services to government entities, nonprofits, construction/real estate, manufacturing, professional services, and specialized industries. The firm delivers deep vertical-specific expertise through a partner-led engagement model, complemented by Sage Intacct ERP implementation and AI-enabled financial document analysis.

Product overview

Abdo is a Minnesota-based accounting firm offering a comprehensive suite of professional services organized around six core areas: Advisory Services, Audit Services, Tax Services, HR & Payroll Solutions, Technology & Data Solutions, and Wealth Management. The firm operates on a service-line model where specialized teams address specific client needs across industries including construction/real estate, government, manufacturing, nonprofit, professional services, and specialized industries (community banking and mutual insurance). Technology & Data Solutions serves as a distinct service module offering Sage Intacct implementation and Strategic Data Analytics. The firm also provides small business resources including a Recruiting Toolkit and Employee Handbook Workshop. Advisory services encompass consulting offerings such as M&A advisory, business valuation, litigation support, and forensic accounting. Audit services include employee benefit plan audits as a specialized offering. The portfolio is designed to serve as a one-stop advisory firm for businesses, organizations, and individuals seeking integrated accounting, tax, and consulting expertise.

Differentiator

Problem solved

Functional benefit

Products and services

• Advisory Services

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability4 records

Partnerships

Four partnerships are on record, tiered core and minor.

• HG&K, Ltd.coreStrategic or Co-development Partner · 1 June 2023Abdo merged with HG&K, Ltd., a Minnetonka-based accounting firm, effective June 1, 2023. The merger expanded Abdo's industry expertise and service offerings, particularly in construction, real estate, manufacturing, professional services, and nonprofit sectors.
• DFK International / USAcoreStrategic or Co-development PartnerAbdo is a member of DFK International/USA, a worldwide association of independent accounting firms and business advisers with over 200 member firms globally. This membership provides access to international expertise for serving multinational clients.
• OneDigitalcoreStrategic or Co-development PartnerAbdo's partnership with OneDigital integrates best-in-class accounting and tax consulting with top-notch wealth advisory services, enabling the firm to offer comprehensive financial advisory to clients.
• RampminorGTM or Marketing PartnerAbdo participates in Ramp's Accounting Partner Advisory Board, contributing feedback on Ramp's platform, partner programs, and overall strategy as the accounting profession undergoes transformation through AI and automation.

Scale indicators4 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• Wipfli LLP: Top 20 U.S. accounting and advisory firm with comparable mid-market focus, similar vertical specialization (government, nonprofit, manufacturing, construction), and full-service advisory + audit + tax model. Significantly larger but closest analog for Abdo's growth trajectory.
• CliftonLarsonAllen (CLA): Large U.S. accounting firm (Top 10) with strong Midwest presence, similar industry verticals (government, nonprofit, manufacturing, construction), and full advisory/audit/tax model. Competitor for same mid-market clients Abdo serves in Minnesota and beyond.
• Eide Bailly LLP: Top 25 U.S. accounting firm headquartered in the Midwest/Plains with comparable service breadth (audit, tax, advisory, technology) and similar industry specialization. Direct competitor for mid-market clients across the upper Midwest.
• RSM US LLP: Top 5 U.S. accounting firm focused on the middle market with similar advisory/audit/tax service lines and industry specialization. Overlaps with Abdo in nonprofit, government, and manufacturing verticals but at substantially greater scale.
• Plante Moran: Top 15 U.S. accounting firm with deep Midwest presence, similar vertical focus (government, nonprofit, manufacturing), and comparable advisory/audit/tax service lines. Larger scale but overlapping client base and similar firm culture.
• FORVIS (formerly BKD + Dixon Hughes Goodman): Top 10 U.S. accounting firm formed through recent merger, with strong government and nonprofit practices and comparable middle-market advisory model. Significantly larger but represents the consolidation pathway Abdo may follow.

Direct peers

• Redpath and Company: St. Paul, MN-based CPA and advisory firm of comparable size, offering audit, tax, and advisory services with similar Minnesota-centric regional focus and overlapping nonprofit/government/construction verticals. Closest same-state peer for Abdo.
• Boulay PLLP: Minneapolis-based accounting and advisory firm of comparable size with similar industry verticals (construction, real estate, manufacturing, nonprofit) and full-service model. Direct competitor for Minnesota mid-market clients.
• Lurie LLP: Minneapolis-based accounting and advisory firm serving closely-held businesses, nonprofits, and government entities with audit, tax, and advisory services. Comparable size and overlapping Minnesota-centric client base.
• BerganKDV: Minnesota-headquartered CPA and advisory firm with comparable size, full-service model, and similar industry specialization (government, nonprofit, construction, manufacturing). Direct competitor in core Minnesota market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/AbdoSolutions
• Facebookfacebook.com/AbdoSolutions

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles16 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Abdo