Milwaukee-based Wipfli (FY17 net revenue of $274.8 million) acquired Sattell Johnson Appel & Co. of Menomonee Falls, Wis. This is the fifth firm to join Wipfli this year and the second Milwaukee-based firm to join Wipfli in the last 12 months.
“This combination will benefit Wipfli by further strengthening our resources and market presence in southeastern Wisconsin, which has always been a key market for us. The combination presents Wipfli with opportunities to further add to our talented team of professionals and build on our already strong client base of privately held businesses, nonprofit organizations and high-net-worth individuals,” says Rick Dreher, Wipfli’s MP.
Founded in 1954, SJA provides accounting, audit, tax and financial planning services with a strong focus on serving privately held businesses, nonprofit organizations and high-net-worth individuals. As part of this combination, 33 SJA professionals, including three shareholders, have joined Wipfli.
Allan Koltin, CEO of Koltin Consulting Group, who advised both firms on the merger says, “SJA is recognized in the Milwaukee market for it’s great reputation and as one of the most prestigious CPA firms. They were approached by numerous regional and national firms but in the end selected Wipfli as they felt they had a similar culture, great depth of services for their clients, and tremendous growth opportunities for their people. Wipfli continues to be recognized nationally by their peers as one of the most innovative and successful firms in the country.”