Honkamp Krueger acquires Short & Co.
Honkamp Krueger & Co. PC, a Top 100 Firm based in Dubuque, Iowa, has acquired Short & Co. CPA PLC, a firm based in the Des Moines area, effective Oct. 1, 2018.
The deal will add two new partners and four team members to Honkamp Krueger. That will bring its total number of employees to 459, including the six new team members from Short’s offices in Waukee, Iowa.
Financial terms of the deal were not disclosed. Honkamp Krueger ranked No. 62 on Accounting Today’s 2018 list of the Top 100 Firms, with $70.9 million in annual revenue.
“As Honkamp Krueger continues to grow, it was natural to look toward our state capitol region for a good-fit CPA firm,” said Honkamp Krueger president and CEO Greg Burbach in a statement Tuesday. “We found that with the Short & Co. partners and team, who have a similar approach to business with their work ethic, quality services and culture. Already having a Des Moines presence with our wealth management affiliate, HK Financial Service, and human capital division, Kabel Business Services, we are excited to add the CPA and business advisory service lines to the region.”
Ron Stallman, a former partner at Short & Co., is one of the new Honkamp Krueger partners. “We are excited for the new opportunities this merger/acquisition offers to serve our clients in a greater capacity, and the team is looking forward to the future as part of the HK Family of Companies,” he said in a statement.
In January, Honkamp Krueger acquired another Iowa-based firm, Gabelmann & Associates, located in Bettendorf. Besides Dubuque and Bettendorf, Honkamp also has offices in Cedar Rapids and Davenport, Iowa; Geneseo, Illinois; and Madison and Platteville, Wisconsin.