Sikich to acquire Vonya Global

Sikich, a Top 50 Firm based in Chicago, has signed an agreement to acquire Vonya Global LLC, a consulting firm also based in the Windy City that specializes in corporate governance and internal auditing, with the deal expected to close Jan. 1, 2023. 

This move will enable Sikich to expand its offerings in its hometown, which is a priority market for the firm. The acquisition comes shortly after two other recent M&A deals in Chicago for Sikich, which announced plans last month to acquire O'Malley & Kwit, which specializes in taxes, and Accelerated Growth, an accounting, finance and technology consulting firm.

"Chicago continues to be a priority market for Sikich, and this acquisition allows us to expand our offerings and add industry-leading expertise to our team," said partner Tom Krehbiel, leader of the firm's CPA practice, in a statement Thursday. "Vonya Global has unique experience offering tailored risk mitigation and internal audit solutions to a global customer base. The addition of the Vonya Global team will advance our effort to be a leading provider of transformative business services."

Sikich lobby in Naperville, Ill.
Sikich lobby in Naperville, Illinois

More than 20 subject matter experts from Vonya Global, including three partners, will be joining Sikich, which has 116 partners and more than 1,500 employees. 

Financial terms were not disclosed. Sikich ranked No. 28 on Accounting Today's 2022 list of the Top 100 Firms, with $228.57 million in annual revenue.

Vonya Global works with companies to mitigate risks, improve internal controls and streamline operations, providing services such as internal audit, Sarbanes-Oxley compliance, corporate governance, IT audit, risk and compliance, technology consulting. and data analytics. Clients include companies in the private equity, health care, manufacturing and distribution industries.

"We founded Vonya Global with a focus on building relationships, both with our clients and our employees," said managing partner Steven Randall in a statement. "Sikich's client service mentality and people-first culture will allow us to continue to grow upon these relationships. We're excited to see this common focus come to fruition to further help our clients grow their businesses and provide our employees with new opportunities."

Prior to the acquisitions last month of O'Malley & Kwit and Accelerated Growth, Sikich completed several other M&A deals in the past two years. In February, it acquired Cotton & Co., an accounting firm in Alexandria, Virginia, that specializes in government clients. Last year, it added PA Group USA, an enterprise software and cloud services firm in Chattanooga, Tennessee, and Process Stream, a process management and insurance technology consulting firm in Princeton, New Jersey.

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