BKD Corporate Finance
BKD Corporate Finance was the historical BKD investment-banking business. Forvis Mazars Capital Advisors, LLC is the current operating business following the merger of BKD and DHG and subsequent rebranding.
What stands out about BKD Corporate Finance
The current successor business, Forvis Mazars Capital Advisors, LLC, focuses on mergers and acquisitions, capital formation, and succession planning for family-owned, entrepreneur-led, and closely held businesses. It describes itself as a middle-market investment-banking business and operates as a broker-dealer subsidiary of Forvis Mazars, LLP.[1][2][3][4][5][8][9]
What does BKD Corporate Finance do?
BKD Corporate Finance was the historical BKD investment-banking business. Forvis Mazars was formed by the merger of BKD and DHG effective June 1, 2022, and Forvis Mazars Capital Advisors, LLC was previously named FORVIS Capital Advisors, LLC.
The current operating business provides investment-banking services within Forvis Mazars. Its stated focus is mergers and acquisitions, capital formation, and succession planning for family-owned, entrepreneur-led, and closely held businesses.[1][2][3][4]
Current services include sell-side investment banking, majority recapitalizations, strategic mergers or acquisitions, capital sourcing, and succession planning. The practice also identifies capital formation for shareholder liquidity, expansion, acquisitions, or balance-sheet recapitalization.
Historical BKD Corporate Finance materials identified company sales and divestitures, management buyouts, debt and equity recapitalizations, strategic-options analysis, mergers and acquisitions, and affiliations.[4][5]
Owners comparing advisory firms can also review Auxo’s M&A advisor vs. business broker vs. investment bank comparison, advisor-selection guide, and sell-side advisor evaluation framework.
What should a business owner evaluate before hiring BKD Corporate Finance?
An owner evaluating the firm can compare its stated focus on family-owned, entrepreneur-led, and closely held businesses with the proposed deal team’s experience. The public process description also gives owners specific topics to clarify, including buyer identification and qualification, marketing materials, buyer competition, negotiation, and coordination with other deal professionals.
The sources cited for this profile do not establish a standard fee schedule, minimum financial threshold, transaction-size threshold, or standard engagement-term provisions. An owner should therefore confirm the contracting legal entity, fees and expenses, conflicts and independence considerations, comparable transaction experience, buyer universe, process timetable, confidentiality protections, and the role of Forvis Mazars affiliates.[4]
What are the upfront, success, expense, tail, and termination fees
What transaction-size range and EBITDA or revenue profile is typical for the proposed team
What size transactions and clients does BKD Corporate Finance focus on?
The practice states that it serves family-owned, entrepreneur-led, and closely held businesses and has experience with a broad and diverse mix of companies. A Forvis Mazars Capital Advisors recruiting specification identifies manufacturing and distribution, food and beverage, technology, business services, and healthcare among its relevant industry experience areas.[4][6]
Forvis Mazars Capital Advisors served as financial advisor to Citizens Financial Corporation in its proposed merger with Peoples. The SEC-filed transaction materials describe the advisory role and an implied aggregate merger value of approximately $76.6 million based on the stated consideration and April 20, 2026 valuation.
Other publicly identified assignments include a Mercantile Bank merger advisory engagement and the sale of JR Custom with assistance from Forvis Mazars Capital Advisors. The official Mercantile Bank and JR Custom deal items do not disclose transaction value, consideration terms, or a closing date in their publicly accessible content.[7][8][9]
The current practice supports sell-side transactions, majority recapitalizations, strategic mergers or acquisitions, and capital sourcing. Its stated capital-sourcing applications include shareholder liquidity, expansion, acquisitions, and balance-sheet recapitalization.
Historical BKD materials also identify company sales and divestitures, management buyouts, debt and equity recapitalizations, and strategic-options analysis.[4][5]
What does BKD Corporate Finance publicly disclose about fees, process and engagement terms?
The current official investment-banking page does not publish a universal fee schedule, minimum fee, minimum revenue or EBITDA threshold, or minimum or maximum transaction-value threshold.
The official Mercantile Bank merger advisory item does not disclose transaction value, consideration terms, or a closing date in its publicly accessible deal-item content. The official JR Custom sale item likewise does not disclose those details in its publicly accessible deal-item content.[4][8][9]
Forvis Mazars Capital Advisors, LLC is identified as a broker-dealer registered with the SEC and regulated by FINRA as a FINRA Member Firm. SEC financial statements identify it as a Missouri limited liability company and state that it is registered with the SEC and a member of FINRA.
Official regional materials describe the entity as a wholly owned subsidiary of Forvis Mazars, LLP and a member of FINRA and SIPC.[2][4][5]
The current investment-banking page describes a managed process that includes evaluating shareholder objectives, identifying and qualifying strategic and private-equity buyers, preparing marketing materials, creating buyer competition, negotiating transactions, and coordinating with other deal professionals.[4]
Questions to ask before hiring BKD Corporate Finance
Which legal entity will sign the engagement and receive fees?
What are the upfront, success, expense, tail, and termination fees?
What transaction-size range and EBITDA or revenue profile is typical for the proposed team?
Which recent transactions are comparable by sector, geography, size, and ownership structure?
How will referrals to tax, valuation, diligence, or other Forvis Mazars affiliates be handled?
What buyer universe and process timetable would be proposed, and how will confidentiality and management time be protected?
Sources & research notes
- SEC filing / regulatory record
- SEC filing / regulatory record
- Identity / organization record
- Services / capabilities
- Services / capabilities
- Industry focus
- SEC filing / regulatory record
- Transaction / portfolio evidence
- Transaction / portfolio evidence
How this profile was researched
Auxo profiles are prepared from publicly available primary and authoritative sources and reviewed for entity identity, factual support and disclosure consistency. When a fact cannot be supported by the reviewed public record, the profile identifies it as something to confirm directly rather than inferring it.
Independent research profile
This profile was prepared by Auxo Capital Advisors from publicly available information believed to be reliable and is provided solely for informational and educational purposes. It is not an endorsement, recommendation, ranking, solicitation, or representation regarding the profiled firm, its services, qualifications, transaction experience, regulatory status, financial condition, or suitability for any particular person, company, transaction, or investment.
Information obtained from third-party and public sources may be incomplete, inaccurate, outdated, or subject to change, and Auxo Capital Advisors makes no representation or warranty, express or implied, as to its accuracy, completeness, or timeliness. Readers should conduct their own independent diligence and consult appropriate professional advisers before engaging any advisor, intermediary, investor, lender, acquirer, or other transaction counterparty.
Broker-dealer and securities disclosure
Auxo Capital Advisors is an affiliate of Weild & Co., Member FINRA | SIPC. Securities-related activities and securities transactions are conducted through Weild & Co.
Nothing contained on this page constitutes an offer to sell, an offer to purchase, or a solicitation of an offer to buy or sell any security, investment product, or financial instrument. Nothing on this page constitutes investment advice, a recommendation regarding any security, or a recommendation to enter into any transaction with the profiled firm or any other party.
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