Wipfli Acquires BIK & Co.

Milwaukee-based Wipfli (FY16 net revenue of $228 million), ranked No. 20 on the 2016 IPA 100 list, has acquired Palatine, Ill.-based BIK & Co.

This is the third acquisition Wipfli has made in the Chicago market in the past 12 months and it now has five offices and about 200 employees in the area. The company made five acquisitions in 2016. Wipfli now has 43 offices in the U.S. and two in India.

As part of this merger, 58 BIK professionals, including 13 partners, have joined Wipfli.

Wipfli MP Rick Dreher says, “Wipfli has been growing significantly in the Chicago area over the past five years and this combination with BIK will help us to further enhance our physical presence in this key market. Further, BIK’s long history in Chicago, their strong reputation for providing exceptional client service, and their industry and service focuses, greatly complement Wipfli.”

BIK & Co. provides a full range of audit, tax and advisory services to closely held businesses, organizations and individuals in the Chicago area and across the country. The firm has strong focuses in serving financial institutions, nonprofit organizations, schools and high-net-worth individuals, and provides a number of specialized services including fraud and forensics, employee benefit plan audits and estate and succession planning. Founded in 1968, BIK has three full-service offices in Palatine, Vernon Hills and Burr Ridge, Ill.

“Similar to Wipfli, BIK has established a history of success through building strong client relationships and helping our clients to overcome challenges that are constantly changing,” says Larry Schmitt, MP of BIK. “Through this combination with Wipfli, we will continue to provide our clients with the same exceptional service, but can also provide them with access to a larger network of experts and resources and deep industry experience to help them as they continue to evolve. This combination will also provide our employees with access to more extensive training and professional development opportunities.”