Last updated on July 2nd, 2019 at 09:19 am
The audit, accounting and tax practice of Pewaukee-based Jannsen + Co. will be acquired by Naperville, Ill.-based Sikich LLP, the companies have announced.
Jannsen will retain its wealth management and information technology groups.
Sikich is a professional services firm offering audit, accounting and tax, technology, investment banking and advisory and managed services. The firm, which entered the Milwaukee market with the acquisition of Brookfield-based Kolb + Co. in 2013, which was the largest locally-owned public accounting and business advisory firm in Wisconsin at that time. Sikich last year acquired Brookfield information security consulting firm 403 Labs.
Sikich has 110 employees at its Brookfield office. In the Jannsen acquisition, which is expected to close Sept. 30, 15 Jannsen employees—the majority of the CPA practice—will join Sikich in Brookfield, said Mark Sobczak, CPA, partner-in-charge of Sikich’s Brookfield office.
Sikich will add about 400 corporate clients in the Milwaukee market through the acquisition. The company also has plans to continue hiring to expand its team locally, Sobczak said.
“It’s known in the community that we’re looking to continue to grow and we were approached by the group and had discussions and determined that they were a great cultural fit, a very good group of professionals, and we could benefit from having them come on board to help us better serve our clients,” he said.
“Sikich is committed to the Milwaukee marketplace and continuing to grow here in this market and to help our clients grow here with us, and that really is the main reason we’re doing the transaction,” Sobczak said. “We are always looking for strategic acquisitions that would help improve our overall position in the marketplace.”
The transaction price was not disclosed.