Dubuque, Iowa-based IPA 200 firm Honkamp (FY22 net revenue of $43.9 million) recently added one of the largest CPA firms in the St. Louis metro area to its growing team, Schowalter & Jabouri. The merger was effective Dec. 2.
Schowalter & Jabouri is a full-service attest, tax and business advisory firm in St. Louis with more than 30 employees, all of whom are being retained. They will continue to serve their current clients from their St. Louis office.
The new location will be the first office in Missouri for Honkamp, which also has eight offices in Iowa and Wisconsin.
“This merger represents another step in Honkamp’s growth, and we are thrilled to welcome a firm with such established roots in an exciting new market for us,” said Honkamp President and CEO Katie Thomas. “This expansion will enable us to extend world-class service and groundbreaking solutions to an even broader spectrum of clients.”
Schowalter & Jabouri was founded in 1976 and has a longstanding reputation in the St. Louis area for providing outstanding client service to a wide range of industries. The merger into Honkamp only bolsters that service to clients, according to Schowalter & Jabouri President Jamie Jabouri.
“This is an ideal partnership,” Jabouri said. “Honkamp shares the same values we do. They exceeded our hopes for a firm that we can combine with, while also continuing our tradition of high-quality service of valued expertise, and of fostering an environment that our clients and colleagues are excited to be a part of, while providing greater opportunities for continued growth and a more secure future together.”
Art Kuesel and Marc Rosenberg consulted on the acquisition.
This marks Honkamp’s fourth acquisition in two years. Honkamp added Nigl Accounting, based in Oshkosh, Wis., in December 2021. In November 2022, Honkamp acquired Vaassen Pluemer CPAs of Platteville, Wis., and the Cedar Falls, Iowa, office of Gosling & Co.