Clifton Gunderson Acquires Illinois Firm

Milwaukee-based Clifton Gunderson (FY10 net revenue of $241 million) acquired Rockville, Ill.-based Farrell & Associates (three partners and 15 staff).

The Rockford location joins CG’s Illinois practice with nine offices in Champaign, Danville, Dixon, Evanston, Joliet, Oak Brook, Peoria, Princeton and Sterling.

Steve DeBruyn, MP and Todd Etheridge, PIC will lead the new Rockford office. The merger is effective November 1. Robert Farrell, Michael Abrahams, and Michele Reagan will join CG as partners.

“Securing a presence within the Rockford market allows us to enter a new market in Northern Illinois, which is closely located to our Dixon, Princeton and Sterling offices as well as the greater Chicagoland area,” says CG CEO Kris McMasters.

This is the fifth merger announcement for CG since May. Earlier this year, the firm announced it had acquired St. Louis-based Humes & Barrington, Philadelphia-based Stockton Bates, Evanston, Ill.-based U.S. Tax Advantage and the former BKD office in Merrillville, Ind.