Wauwatosa-based accounting and professional services firm Wipfli LLP
has acquired Atlanta-based Porter Keadle Moore
, the company announced Tuesday.
According to a news release
, 70 PKM employees, including nine partners, have joined Wipfli effective today. Following this transaction, Wipfli has approximately 2,400 associates in 49 offices.
Kurt Gresens, managing partner of Wipfli, said the transaction gives the firm a foothold in the southeastern U.S., a key geographic priority in its growth strategy.
"The addition of PKM, a firm with a long history in the region and an exceptional track record in the industry related to quality and client service, will uncover many opportunities for additional growth as we move forward," he said in the release. "In addition, through this transaction Wipfli will have an even greater depth and breadth of services and resources in the financial services industry, helping our firm to become a stronger leader in serving businesses in the industry across the nation."
Phil Moore, managing partner of PKM, said the acquisition means clients have access to a broader range of resources and also allows the firm to better attract and retain top talent through additional training and professional-development opportunities.
Wipfli's acquisition of PKM comes three months after it acquired
Lincolnshire, Illinois-based audit, tax and consulting firm Patke & Associates
PKM was founded in 1977, and provides accounting, tax and advisory services to businesses, with a focus on the financial services, insurance, technology and craft-brewing industries.