Midwest Firms Sign Merger Deal

Plante Moran (FY11 net revenue of $304 million) and Blackman Kallick, LLP (FY11 net revenue of $52 million) announced today they will merge effective July 1, 2012 to form Chicago’s  leading firm focused on the needs of Midwest middle-market companies.

“When I think about this merger, I can’t help but think about the synergy it creates,” says Plante Moran MP Gordon Krater. “The combination strengthens both firms beyond the market leadership position they currently enjoy and raises the bar to create Chicago’s preeminent accounting, tax, and consulting firm for clients and staff. It’s incredibly exciting.”

“Middle-market companies are a leading indicator of America’s future competitiveness,” Krater says. “Middle-market companies today require a higher level of sophistication and expertise in dealing with the complex issues they face as they expand globally, meet new competitors, grapple with financing alternatives, and plan for succession. Our combination establishes us as a top resource in Chicago focused on this vital middle-market segment.”

Plante Moran and Blackman Kallick have served business leaders throughout the Midwest for nearly 140 years combined. Together, they will employ 2,000 staff members in 22 offices in Illinois, Michigan, and Ohio and three offices internationally. Combined revenue for both firms in 2011 was approximately $375 million.

Steven Schneider, MP for Blackman Kallick, will oversee the newly joined offices in downtown Chicago.

“Through this agreement, we are reinforcing our long-standing and strong commitment to Chicago businesses, our staff, and the community,” Schneider says. “Chicago is poised, at this moment, for incredible growth as well as increased global recognition as an economic engine.  By means of this merger, we are even better positioned to help our clients, both present and future, take advantage of this unique opportunity.”