Diligence memo · auto-generated · as of July 2, 2026
Bdo Usa, P.A.
Bdo Usa, P.A. looks fair against its niche peers and is at-risk on financing cadence.
Businessfiled
Bdo Usa, P.A. operates in Business Services, based in CHICAGO. BDO Chicago provides experienced guidance and services to clients within manufacturing, healthcare, and other industries across Illinois. Learn more.
Sub-sector tags: ai/ml, cybersecurity.
Capital & rounds (filed)filed
Bdo Usa, P.A. has raised $748M in disclosed capital across 1 recorded round, aggregated from public filings. Its latest round is modeled as Growth/Late (a round over $400M).
Largest single filing: $748M on 2023-08-31.
Most recent recorded round closed around 2023-08-31.
Valuation (modeled)modeled
Provath models Bdo Usa, P.A. at approximately $10.9B (range $6.0B–$14.8B). This is an algorithmic estimate from round sizes and same-niche peers — not a quoted or reported figure.
Read: Fair. Modeled value is 0.75× the median modeled value of Growth/Late Business Services companies in 2022–2024 (5 peers) — value vs value, same stage and era. Within the normal band (75% of peer median) for its niche.
Financing rhythm & timingmixed
Last raise 2.8 yr ago; this sector typically re-raises about every 12 months.
Past due for a raise versus sector cadence — watch for distress or a bridge.
Comparablesmixed
Capital scale ranks ahead of 99% of Business Services peers (2439 compared).
Modeled value ranks above 100% of those peers.
Closest niche peers: Talen Energy Corp, China Zhongting World Cultural Industry Investment Development Co., Ltd, ALKU Holdings, LLC, Shelby Parent, L.P..
Peoplefiled
18 named people on file across officers, directors and signatories.
Risks & flagsmixed
Overdue for a raise versus sector norm — distress or bridge risk.
No clearly named CEO/founder/principal in the surfaced records — key-person evidence is thin.