Sikich LLP, a Top 50 Firm based in Chicago, has acquired Four Leaf LLC, a technology services company in Sacramento, California, that develops applications for state and local government entities and their constituents, effective Sept. 30.
Financial terms of the deal were not disclosed. Sikich ranked No. 27 on Accounting Today's 2023 list of the Top 100 Firms, with $316.4 million in annual revenue in 2022, 132 partners and more than 1,660 employees. Fifteen employees and one partner will be joining Sikich from Four Leaf as Sikich continues to pursue adding capabilities that will aid its government clients.
"County and local government sectors, particularly emergency services managers and crews working to save lives, need faster progress in their digital transformation journey, and we now are solidifying our position in this vital area," said Mike Kean, partner-in-charge of Sikich's technology team, in a statement Monday. "The addition of Four Leaf is another key step toward expanding our offering in the government space and broadening our capabilities in helping clients succeed as they confront constantly changing technology needs."
Four Leaf specializes in systems integration for state and local governments and implements Salesforce, Tableau, MuleSoft and other programs.
"We anticipate strong synergy in teaming with Sikich and leveraging the firm's vast talent pool, broad range of offerings, and national reach for all levels of government," said Four Leaf CEO Eric Scully, who will join Sikich as a partner. "Government entities such as state and local emergency management agencies are finding themselves at a crossroads in the face of unprecedented natural disasters."
Last December, Sikich acquired Vonya Global LLC, a consulting firm in Chicago. Last November, it acquired two other Chicago firms: O'Malley & Kwit, which specializes in taxes, and Accelerated Growth, an accounting, finance and technology consulting firm. In February 2022, it acquired Cotton & Co., an accounting firm in Virginia that specializes in government clients.

QUESTION:

1. How do you think this acquisition impacts the competitive landscape of the accounting industry?
2. What are the potential advantages and disadvantages of this deal for Sikich?

Answer rating: 100% (QA)

Impact on Competitive Landscape 1 Strengthens Government Sector Presence The acquisition enhances Sikichs position in serving government entities part... View the full answer