Boeckermann Grafstrom & Mayer

What Boeckermann Grafstrom & Mayer does

Boeckermann Grafstrom & Mayer (BGM) is a private, Minnesota-headquartered accounting and advisory firm founded in 1982, providing a comprehensive suite of professional services to both businesses and individuals. The firm operates through an AICPA-compliant alternative practice structure consisting of BGM CPA, LLC (the licensed CPA entity delivering attest/audit services) and BGM Group, LLC (the advisory entity). BGM delivers ten core service lines spanning Advisory Solutions (business valuation, financial due diligence, entrepreneurial advisory, forensic accounting, risk assessment, succession and exit planning), Audit & Assurance (audits/reviews/compilations, SOC examinations, employee benefit plan audits, peer reviews), Outsourced Accounting (CFO, controller, and offshoring), Tax (business, international, estate and trust, credits/incentives, state and local), Retirement & 401(k), M&A advisory, Family Office, Wealth Management, Individual Tax and Planning, and Trust Solutions.

BGM's technology stack is standard professional-services tooling with no disclosed proprietary platform; the firm emphasizes deep industry specialization across 11 verticals (Agriculture, Auto Dealerships, Cannabis & Hemp, Contractors & Construction, Franchising, Healthcare, Law Firms, Manufacturers & Distributors, Professional Services Firms, Real Estate, Transportation & Logistics) and 8 persona segments (business owners, executives, retirees, families, attorneys, young inheritors, startup founders/employees, medical professionals). Notable technical components include an offshoring operations center in Hyderabad, India, used to scale outsourced accounting delivery.

The business model is professional services on quote-based, engagement-scoped pricing with a sales-led, relationship-centered GTM motion. Revenue is generated from hourly or project fees (advisory, audit, tax), retainers (outsourced accounting), and recurring advisory relationships (wealth management, family office, retirement). Distribution occurs exclusively through direct advisory engagement across five US offices (Bloomington MN, Sauk Centre MN, Naples FL, Longmont CO, West Des Moines IA) plus the India offshoring center. Marketing relies on content marketing via the News & Insights blog, email newsletters, and organic social on LinkedIn, Facebook, YouTube, and Twitter/X. International reach is extended through membership in the MGI Worldwide and MGI North America accounting alliances, enabling cross-border client servicing via partner referrals.

Name

Boeckermann Grafstrom & Mayer

Legal name

BGM CPA, LLC

Website

https://bgm-cpa.com

Company type

Private

Founded year

1982

Operating status

Operating

Headcount range

11–50 employees

Short description

Boeckermann Grafstrom & Mayer (BGM) is a private Minnesota-headquartered accounting and advisory firm providing auditing, tax, outsourced accounting, wealth management, and advisory services to business owners and individuals across 11 industry verticals and 8 personas, delivered from five US offices plus an India offshoring center.

Ownership category

akta.pro rank

Product category

Accounting & Advisory Services

NAICS

Professional, Scientific, and Technical Services (541)

SIC

Services-Management Services (8741)

akta.pro primary industry

Fairness Opinions & Independent Financial Advice (BPAHAOAF)

akta.pro secondary industries

Corporate Development & Strategic Partnerships Advisory (JVs, Alliances, Carve-outs) (BPAHAOAG), Capital Markets Advisory (IPO Readiness, SPAC, ECM/DCM Advisory) (BPAHAOAL)

Keywords

• Accounting services
• Audit assurance
• Tax advisory
• Wealth management
• Business valuation

Headquarters

HQ city

Bloomington

HQ country

United States

HQ region

North America

Offices6 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Professional Services - Advisory: Revenue generated from advisory solutions including certified business valuation, financial due diligence, entrepreneurial advisory, forensic accounting, litigation support, risk assessment, and succession/exit planning. Typically billed on project basis or hourly fees.
2. Audit & Assurance: Audit, review, and compilation services; Service Organization Control engagements; Employee Benefit Plan audits; Peer reviews. Billed per engagement based on scope and complexity.
3. Outsourced Accounting: CFO services, controller services, and accounting offshoring solutions provided on ongoing retainer or project basis.
4. Tax Services: Business tax, international taxation, estate and trust planning, tax credit and incentive programs, and state/local tax services. Billed per engagement or annual retainer.
5. Wealth Management & Retirement: Wealth management solutions, retirement and 401(k) solutions, family office services. Recurring revenue from ongoing advisory relationships.
6. Mergers & Acquisitions: M&A advisory services including buy-side and sell-side due diligence, transaction support, and post-merger integration advisory.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

BGM is a full-service CPA and advisory firm delivering integrated business and personal financial services. Business offerings include Advisory Solutions (business valuation, due diligence, entrepreneurial advisory, forensic accounting, risk assessment, succession/exit planning), Audit & Assurance, Outsourced Accounting (CFO/controller services and offshoring), Tax Solutions, Retirement & 401(k) Solutions, and M&A advisory. Personal offerings include Family Office, Wealth Management, Individual Tax & Planning, and Trust Solutions, delivered through BGM CPA, LLC and BGM Group, LLC under an AICPA-compliant alternative practice structure.

Product overview

BGM is a full-service financial advisory firm offering a comprehensive suite of business and personal financial solutions. The firm operates as a unified platform combining business services (Advisory Solutions, Audit & Assurance Solutions, Outsourced Accounting Solutions, Tax Solutions, Retirement & 401(K) Solutions, and Mergers & Acquisitions Solutions) with personal wealth services (Family Office Solutions, Wealth Management Solutions, Individual Tax and Planning Solutions, and Trust Solutions). BGM provides these services through BGM CPA, LLC (licensed independent CPA firm for attest services) and BGM Group, LLC (advisory and business consulting services).

Differentiator

Problem solved

Functional benefit

Products and services

• Advisory Solutions Business advisory services covering Certified Business Valuation, Financial Due Diligence, Entrepreneurial Advisory, Forensic Accounting & Litigation Support, Risk Assessment, and Succession & Exit Planning for business owners and operators.

Segments19 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered core.

• MGI WorldwidecoreStrategic or Co-development PartnerBGM is a member of MGI Worldwide, a global network of independent audit, accounting, and consulting firms. This affiliation provides BGM with international reach and the ability to serve clients with global operations or cross-border needs through a network of vetted partner firms.
• MGI North AmericacoreStrategic or Co-development PartnerBGM is a member of MGI North America, the regional component of the MGI Worldwide network. This membership provides access to North American firms with complementary expertise and enables referral relationships across the continent.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• RSM US: Leading U.S. middle-market audit, tax, and consulting firm—larger-scale incumbent serving many of the same industries (manufacturing, real estate, healthcare) and encroaching on M&A advisory work that BGM also pursues.
• Crowe LLP: Top-10 U.S. public accounting firm with significant mid-market advisory, audit, and tax practice—overlaps BGM on advisory, healthcare, and manufacturing engagements but at significantly larger scale.
• BDO USA: Top global accounting network with deep U.S. mid-market practice; BDO competes with BGM for outsized advisory, valuation, and audit engagements across cannabis, manufacturing, and professional services sectors.

Regional players

• Baker Newman Noyes: Regional CPA and advisory firm based in New England serving closely held businesses, with industry expertise in manufacturing, healthcare, and professional services—similar boutique-to-mid-market profile to BGM.

Direct peers

• Wipfli: Mid-market-focused CPA and advisory firm with strong presence in the Upper Midwest (notably Wisconsin/Minnesota), offering audit, tax, technology, outsourcing, and M&A services to industries like agriculture, manufacturing, and construction—core BGM verticals.
• Moss Adams: West Coast and national CPA/advisory firm serving middle-market clients in manufacturing, construction, healthcare, and agriculture—directly overlapping BGM's industry verticals and advisory scope.
• CLA (CliftonLarsonAllen): Top-10 U.S. accounting and advisory firm serving mid-market businesses with audit, tax, advisory, and wealth management—directly comparable to BGM's full-service model across industries and business/lifecycle stages.
• Eide Bailly: Regional CPA and advisory firm with offices across the Midwest, Mountain West, and West, offering audit, tax, outsourced accounting, and M&A advisory—near-identical footprint and service mix to BGM.
• Plante Moran: Midwest-headquartered CPA and advisory firm with industry specialty in manufacturing, real estate, healthcare, and agriculture—matching BGM's geographic and vertical concentration.
• Forvis (formerly BKD + Dixon Hughes Goodman): Top-tier U.S. accounting and advisory firm formed via merger of BKD and Dixon Hughes Goodman, serving mid-market clients with audit, tax, and consulting—directly comparable to BGM across industries.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xtwitter.com/bgm_360
• YouTubeyoutube.com/channel/UCWLKzPXsKwg9XdTwmj6-VSw
• Facebookfacebook.com/BGMCPA
• LinkedInlinkedin.com/company/boeckermann-grafstrom-&-mayer

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Boeckermann Grafstrom & Mayer