PrimeGlobal member firm Sikich announced Tuesday that it has agreed to acquire Alexandria, Virginia-based public accounting firm Halt, Buzas & Powell, Ltd. The deal marks Sikich’s entry into the Washington, D.C., and Baltimore metro markets and expands its presence on the East Coast.
HBP offers audit and assurance, business consulting, outsourced accounting, tax, and information technology services to business across industries. The firm specializes in working with not-for-profit organizations and government contractors and has specialized experience offering outsourced CFO services to public charities and trade associations.
“Adding the talented HBP team will strengthen our accounting, tax and audit services and advance our growth across the country. HBP’s expertise in not-for-profit accounting and their outsourced CFO services complement our team’s strengths. With a presence in the Washington, D.C., area, we’ll be well-positioned to provide valuable business services to more organizations on the East Coast.” Chris Geier, Sikich CEO
Approximately 50 HBP employees will join Sikich and continue to work from their offices in Alexandria, Virginia, and Crofton, Maryland. Powell and Marco Fernandes will join Sikich as partners. The transaction is scheduled to close on Dec. 31.
This deal comes on the heels of Sikich’s acquisitions of Brookfield, Wisconsin-based accounting firm Freyberg, Hinkle, Ashland, Powers & Stowell, Oak Brook, Illinois-based accounting firm Scanlan & Leo, and technology consulting firm NexGen Consultants.
“The synergies between our firm and the Sikich team will allow us to bring new opportunities to our clients and employees. Much like our firm, Sikich places great emphasis on trust, integrity and commitment to client success. We look forward to living out those values as part of the Sikich team.” Andy Powell, HBP Managing Partner
Sikich LLP is a leading professional services firm specializing in accounting, advisory, technology and managed services. Founded in 1982, Sikich now ranks as the country’s 28th largest Certified Public Accounting firm and is among the top 10 of all enterprise resource planning solution partners in the country. From corporations and not-for-profits to state and local governments, we help our clients reach their long-term, strategic goals through a unique formula of products and services. Visit our website to discover how you can elevate performance in your organization.Learn more