Sikich grows Chicago-area presence with acquisition of accounting practice

Professional services firm strengthens accounting, audit and tax services for governments, educational institutions and not-for-profit organizations

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Sikich

Dec 07, 2018, 17:00 ET

CHICAGO, Dec. 7, 2018 /PRNewswire/ -- Professional services firm Sikich announced Friday that it has acquired the practice of Knutte & Associates, a Darien, Illinois-based audit, accounting and tax firm.

"The addition of the Knutte & Associates team adds strength to our audit, accounting and tax teams," Sikich CEO Chris Geier said. "Our clients will especially benefit from their specialized expertise on auditing issues in the government, education and not-for-profit sectors."

Founded in 1973 by J. Michael Knutte, Knutte & Associates specializes in completing student financial assistance (Title IV) compliance audits for educational institutions, as well as audits for governmental entities and not-for-profit organizations.

"Joining Sikich allows us to offer our clients access to an expanded team of talented audit, accounting and tax experts, as well as a comprehensive suite of professional services," said Michael Knutte, CEO of Knutte & Associates. "We're excited to add our expertise to this growing and innovative firm."

Sikich's work in the government, not-for-profit and education sectors includes offering accounting, advisory and technology solutions to colleges and universities, health care organizations, social service agencies, private foundations, welfare organizations, religious organizations, political action committees, civic and community organizations, and trade associations.

"Knutte & Associates is a nationally recognized specialist in Title IV audits and consulting, and will enhance our ability to help clients comply with this important requirement related to student financial assistance," said Richard Lynch, partner-in-charge of Sikich's not-for-profit and education practices. "Their talented professionals will extend our expertise and add increased depth to our work with governments, not-for-profit organizations and educational institutions."

Knutte & Associates employees will join Sikich's Naperville and Chicago offices. The transaction is scheduled to close on Jan. 1.

About Sikich LLP
Sikich LLP, a leading professional services firm specializing in accounting, technology, investment banking* and advisory services**, has more than 750 employees throughout the country. Founded in 1982, Sikich now ranks as the country's 28^th largest Certified Public Accounting firm and is among the top 1 percent of all enterprise resource planning solution partners in the world. From corporations and not-for-profits to state and local governments, Sikich clients can use a broad spectrum of services and products that help them reach long-term, strategic goals.

*Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC.

**Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor.

SOURCE Sikich