Minnesota accounting firm Boulay, Heutmaker, Zibell & Co. has merged in Hansen, Jergenson, Nergaard & Co., effective Oct. 31.

The combined firms will operate under Boulay’s name and will continue to operate out of the firm’s offices in Eden Prairie, Minn., on the outskirts of Minneapolis.

“The merger brings together two like-minded firms,” said Boulay managing partner Mark DeNucci in a statement. “The values and service approach of both firms are extremely compatible. We’ve known each other and worked together for years. This merger creates and strengthens our niche areas and results in acquiring talented people to pursue industry segments and provide unparalleled client service.”

The combined firm will include 30 partners and 104 employees, specializing in the manufacturing, distribution, retail, professional services, construction and real estate industries. The merger is part of Boulay’s revenue growth strategy to become a Top 100 accounting firm.

“Boulay is one of the best-run firms I’ve seen in the profession, and I think this, along with the great synergies, was a major factor in HJN merging with them,” said Koltin Consulting Group CEO Allan Koltin in a statement. “HJN has some exceptional talent and I think this will make Boulay an even more dominant firm in the greater Minneapolis market.”

“We believe the merger will offer employees of each firm an opportunity to better serve their clients through additional service offerings and industry experience” said HJN partner Marty Nergaard. “It also offers each employee additional opportunities for professional growth.”