Naperville, Ill.-based Sikich (FY15 net revenue of $116.6 million) announced that it will acquire Stanfield & Associates, a Downers Grove, Ill.-based firm with extensive experience in outsourced accounting.
“The acquisition of Stanfield & Associates will add valuable expertise to Sikich’s accounting services team and expand the capabilities of our growing family office practice,” says Sikich CEO Jim Sikich. “Stanfield has demonstrated impressive success and will be a welcome addition to our team as we continue to bolster our accounting offerings for clients.”
Stanfield specializes in performing outsourced accounting for family offices, which are private wealth management advisory firms that manage investments for high-net-worth individuals and families.
Founded in 2011, Stanfield & Associates will join Sikich’s practice, which offers outsourced accounting and tax planning and preparation services to small and midsize businesses across industries.
“Joining Sikich will allow us to tap into the full team’s impressive technical knowledge and the firm’s many practice areas to offer our clients access to new insights and services,” says John Stanfield, founder and principal at Stanfield & Associates.
The acquisition of Stanfield & Associates comes on the heels of the announcement of Sikich’s acquisition of SCS, a technology firm based in Glendale, Calif. Earlier this year, Sikich also expanded into northeast Ohio with the acquisition of BCG & Co., an Akron-based firm offering audit and assurance, tax, technology and wealth management services. Sikich’s acquisition of Stanfield & Associates is scheduled to close Nov. 1.