Richey May, the rapidly expanding national accounting and advisory firm, has acquired Wagner, Kaplan, Duys & Wood LLP (WKDW), a respected Rockville, Maryland-based practice specializing in tax and advisory services. The deal, announced in early February 2026, strengthens Richey May’s footprint in the greater Washington, D.C. region, enhances its tax and advisory expertise, and aligns with the firm’s strategy of integrating specialized regional practices into its technology-driven, client-focused national platform. Financial terms were not disclosed, and WKDW has immediately transitioned to the Richey May brand.
Richey May Acquires Wagner Kaplan Duys & Wood, Deepening Tax and Advisory Capabilities in Key Market
Richey May continues its aggressive growth trajectory with the acquisition of Wagner, Kaplan, Duys & Wood LLP (commonly referred to as WKDW), a longstanding advisory and tax practice headquartered in Rockville, Maryland. This move marks another strategic step in the firm’s effort to build a coast-to-coast presence while deepening specialized service offerings for clients across industries.
The acquired firm, operating for nearly three decades since its founding in 1993, has built a strong reputation in the greater D.C. metropolitan area as one of the preeminent CPA and advisory practices. WKDW has focused on delivering high-touch tax planning, compliance, and business advisory services to a loyal base of clients, including privately held businesses, high-net-worth individuals, and entities requiring sophisticated tax strategies. Its emphasis on long-term client relationships and specialized expertise has made it a standout in a competitive mid-Atlantic market.
For Richey May, based in Englewood, Colorado, this transaction directly supports its broader national expansion. The firm, which reported net revenue of approximately $57.69 million in its fiscal year 2024, has positioned itself as an IPA 200 player with a clear focus on entrepreneurs, business owners, and niche sectors such as alternative investments and mortgage banking. The addition of WKDW brings valuable regional talent, client relationships, and technical depth in tax and advisory services to complement Richey May’s existing strengths in audit, assurance, technology consulting, and cybersecurity.
This acquisition fits seamlessly into Richey May’s operating model, which leverages an alternative practice structure. Under this framework, Richey, May & Co., LLP handles attest services as a licensed CPA firm, while RM Advisory LLC and its affiliates deliver non-attest services including tax, advisory, and consulting. The structure allows for flexible, comprehensive client solutions without the traditional constraints of a single-entity CPA firm.
As part of the integration, WKDW has adopted the Richey May brand immediately, aligning with the firm’s consistent approach to recent additions. This branding transition ensures clients experience continuity in service quality while gaining access to expanded resources, including advanced technology platforms, broader industry insights, and a larger team of specialists. The move enhances Richey May’s capabilities in complex tax matters, business consulting, and advisory work tailored to the unique regulatory and economic environment of the D.C. region.
The deal underscores the ongoing consolidation trend in the accounting profession, where mid-sized and regional firms increasingly join larger platforms to achieve scale, invest in technology, and attract top talent. Richey May’s strategy emphasizes shared values: specialization in high-demand areas, heavy reliance on technology to streamline delivery, and a people-first culture that prioritizes professional development and work-life balance.
With this addition, Richey May further solidifies its position in the eastern U.S., complementing its established presence in the West and other regions built through prior combinations. The firm’s earlier unification of multiple practices under the Richey May banner—drawing from locations including Utah, Florida, California, and Washington—has created a national powerhouse capable of serving clients with localized expertise backed by nationwide resources.
Clients of the former WKDW now benefit from an expanded suite of services, including enhanced capabilities in areas such as due diligence, mergers and acquisitions support, cybersecurity assessments, and industry-specific advisory tailored to sectors like financial services and real estate. The integration is expected to drive greater value through cross-functional teams that combine deep tax knowledge with broader advisory perspectives.
This transaction highlights Richey May’s commitment to organic and acquisitive growth in a market where clients increasingly demand integrated, tech-enabled solutions from their advisors. By bringing on board a firm with WKDW’s track record of client loyalty and technical proficiency, Richey May positions itself to capture more opportunities in high-growth corridors along the East Coast while reinforcing its reputation as a forward-thinking leader in the accounting and advisory space.
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