M&A roundup: Mowery & Schoenfeld and Westberg Eischens expand

Details: Mowery & Schoenfeld LLC, an accounting and consulting firm in the Chicago area is adding Xamin Inc., a national provider of information technology services.

The merger will expand the services previously offered by each firm. Both organizations have worked together in the past and will continue to focus on what they have done individually for current and future clients.

Xamin will continue to operate under its current management structure as a subsidiary of Mowery & Schoenfeld. Xiamin founder Jonathan Smith (left) will become a partner of Mowery & Schoenfeld and will continue to lead the Xamin team. Jeffery Mowery (right) will continue as managing partner of the combined firm.

“We are very excited to have the high-quality professional firm Xamin join forces with Mowery & Schoenfeld,” Mowery said in a statement Wednesday. “In an ever-changing world, we will be able to help our clients find technology solutions and provide a high level of security for their operations.”

Financial terms of the deal were not disclosed. Annual revenue at Mowery & Schoenfeld is $17.5 million, while Xamin’s is $5.1 million. Prior to the merger, Mowery & Schoenfeld had 10 partners and 90 total employees. Xamin had 18 total employees with a management team of five. The partnership will bring the total employee count to nearly 110 at the combined firm.

“With shared values and vision, this partnership provides new opportunities for growth as organizations are building remote capabilities and have increasing IT security needs,” Xamin Smith said in a statement.