Sikich adds Scanlan & Leo

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Top 100 Firm Sikich has agreed to acquire Oak Brook, Illinois-based accounting firm Scanlan & Leo Ltd., effective Nov. 1, 2019.

Financial terms of the deal were not disclosed, but co-owners John Scanlan and Joseph Leo will be joining Sikich as partners, and a total of nine employees from the Scanlan & Leo team will join Sikich’s Naperville office.

“The addition of Scanlan & Leo will strengthen our accounting, tax and audit services,” said Tom Krehbiel, partner-in-charge of Sikich’s CPA services, in a statement. “We look forward to drawing on their team’s experience working with a diverse range of industries to bolster our service offerings.”

Scanlan & Leo serves companies across a range of industries with accounting, tax compliance and planning, and advisory services.

“We were drawn to Sikich because of the firm’s impressive talent and commitment to technology-driven innovation,” said John Scanlan, co-owner of Scanlan & Leo, in a statement. “We’re excited to be able to offer our clients access to a wider range of solutions. This move will also give our employees access to new resources and growth opportunities.”

Naperville-based Sikich ranked No. 28 on Accounting Today’s 2019 list of the Top 100 Firms, with $169 million in revenue, 16 offices, 92 partners and almost 800 employees.

Earlier in October, the firm announced that it would be merging in Freyberg, Hinkle, Ashland, Powers & Stowell in Brookfield, Wisconsin, and Cincinnati-based Salesforce consulting firm NexGenConsultants.

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M&A Sikich