Naperville, Ill.-based Sikich (FY15 net revenue of $116.6 million) announced that it will acquire Evolution Retirement Services (ERS), which provides retirement plan design and administrative services for small and mid-size businesses.
The ERS team will bolster Sikich’s employee benefit services practice, which assists companies with benefit plan design, administration and compliance.
“The addition of Evolution Retirement Services will add depth to our employee benefit services practice and enhance the retirement planning services we offer companies across industries,” says Chris Geier, CEO and MP of Sikich.
Based near Milwaukee in Wauwatosa, Wis., Evolution Retirement Services helps companies design and administer retirement plans – including profit-sharing plans, 401(k) plans, money purchase pensions and cash balance plans. The company’s employees will join Sikich’s office in Brookfield, Wis.
“This deal allows for regional expansion of our retirement plan administration services and ensures long-term stability for our employees and clients. Further, Sikich’s depth of expertise across its various practice areas will enable us to offer our clients new insights and services,” says Mark Maurice, president of Evolution Retirement Services.
This latest deal follows Sikich’s acquisitions in 2016 of Brockman Coats Gedelian & Co., (BCG) an Akron, Ohio-based firm offering audit and assurance, tax, technology and wealth management services, SCS, a technology firm based in Glendale, Calif., and Stanfield & Associates, a Downers Grove, Ill.-based accounting firm. The Evolution Retirement Services transaction is expected to close April 1.