Sikich LLP plans to acquire the assets of Brockman, Coats, Gedelian & Co., BCG Systems, Inc. and BCG Wealth Advisors, LLC in the biggest acquisition ever for the Illinois-based firm.
The units, collectively known as BCG & Co., had annual revenues of more than $18 million. Sikich ranked 31st on Accounting Today’s 2016 list of the Top 100 Firms, with $115.7 million in annual revenue. Sikich did a string of mergers and acquisitions in 2013, but slowed down the pace in 2014 and last year. However, Sikich did two major acquisitions in 2015: of the business of Altico Advisors, a technology firm based near Boston, and the audit, accounting and tax practice of Jannsen + Company, a firm based near Milwaukee.
However, the BCG acquisition is its largest one to date, the Naperville, Ill.-based firm said Wednesday.
Headquartered in Akron, Ohio, BCG & Co. offers audit and assurance, tax, technology and wealth management services. BCG & Co. staff will continue to work out of the firm’s existing offices in Akron and Atlanta, Ga.
“We are excited to establish a presence in Akron and Atlanta with a firm that holds a proven record of success and broad-based expertise,” said Sikich CEO Jim Sikich in a statement. “The BCG & Co. team will be a valuable addition to Sikich and our clients. They will help build our talent base and bolster our service offerings and knowledge in key industries as we work together to grow as a firm and increase our presence in northeast Ohio.”
Founded in 1986 as a CPA and consulting firm, BCG & Co. serves companies in different industries, including manufacturing and distribution, construction and real estate, and not-for-profit organizations. The firm has also expanded its services to include wealth management and technology, specializing in Microsoft Dynamics GP, Office 365, Azure, CRM, NetSuite and cloud solutions.
“The BCG & Co. team brings complementary skills and experience to our technology group,” said Jim Drumm, partner-in-charge of technology services at Sikich. “Their strength in cloud solutions and managed services will benefit our clients and add increased depth and capabilities to our already robust portfolio of technology solutions.”
In addition to its presence in Ohio, BCG & Co. has an additional technology office in Atlanta, which will continue to operate under Sikich.
“Sikich is a growing national firm that operates at the forefront of technology,” said BCG & Co. co-founder and managing partner David Brockman. “Culture fit was our biggest priority in making this move, and Sikich offers valuable resources that will provide new opportunities for our employees and increased value for our clients. The move will also enable us to continue to enhance our offerings and help clients solve complex problems by integrating expertise from a wide mix of disciplines.”
