Sikich announced that it has signed an asset purchase agreement to acquire the operating assets of Heinold Banwart, Ltd., a public accounting firm based in the Peoria area. The move expands Sikich’s presence in central Illinois.
“The Heinold Banwart team adds valuable talent to our group and strengthens our position as a leading service provider in this market,” said Tom Krehbiel, partner-in-charge of Sikich’s CPA services.
Heinold Banwart offers accounting, tax, audit and assurance, retirement plan, management consulting, business valuation and wealth managementservices to businesses and organizations across industries, including manufacturing, construction, agribusiness, health care, real estate, nonprofit and local governments.
“We look forward to leveraging Sikich’s industry-leading technology capabilities and offering our clients access to an expanded suite of services,” said Arthur Anliker, CEO of Heinold Banwart.
Approximately 50 Heinold Banwart employees will join Sikich. Heinold Banwart’s Peoria-area office will be Sikich’s third in central Illinois, joining Springfield and Decatur. The transaction is scheduled to close on Aug. 31.