Horwich Coleman Levin Joins Wipfli

Milwaukee-based Wipfli (FY16 net revenue of $228 million), ranked No. 20 on the 2016 IPA 100 list, has announced that Horwich Coleman Levin (HCL) of Chicago has joined the firm. 

This deal marks Wipfli’s fourth combination in the Chicago market in about a year. Five HCL partners and 13 other professionals have joined more than 1,800 professionals at Wipfli.

“Chicago is a key market for Wipfli, which has been demonstrated over the past 13 months as we have combined with several strong Chicago CPA and advisory firms, including HCL,” says MP Rick Dreher. He adds that the highly respected firm expands Wipfli’s capabilities in the hedge fund, litigation support and dispute resolution areas.

Allan Koltin, CEO of Chicago-based Koltin Consulting Group who advised both firms on the merger, says, “It is truly amazing to see what Wipfli has accomplished in terms of establishing their presence in the greater Chicago market with very high-performing firms. In addition to a great culture, they provide deep industry specialization and an impressive array of services for the middle market and high-net-worth individuals.

He adds that HCL’s client list reads like a “who’s who” among Chicago’s most established business leaders and high-net-worth individuals. “Unlike many firms today, HCL didn’t have a succession issue, but rather became attracted to the additional value-added services they could offer their clients, as well as the growth opportunities that they could provide to their people by combining with Wipfli.”

Founded in 2005, HCL has a strong focus in serving investment funds, and provides a number of specialized services including forensic accounting and litigation support, alternative dispute resolution and IT consulting services.

“We look forward to continuing to provide the same high-quality service our clients have experienced over our history, while gaining the ability to add Wipfli’s specialty services to provide enhanced value to our clients as they encounter the need for additional services,” says Larry Horwich, HCL MP. “Through this combination we will also be able to provide enhanced training and career opportunities to our valued employees, so this is very positive news from all vantage points.”