15 FEB 2024 / M&A UPDATES

Mowery & Schoenfeld Strengthens Market Presence with Hochfelder & Weber Merger

- MYCPE ONE Insights Team

Summary

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Illinois-based accounting firm, Mowery & Schoenfeld, has merged with Chicago CPA firm, Hochfelder & Weber, to strengthen its market position and broaden its service offerings. The merger, which aims to extend the company's capabilities in financial services for high-net-worth individuals and private companies, represents an important growth strategy milestone for Mowery & Schoenfeld.

Mowery & Schoenfeld Enhances Market Presence with Merger of Hochfelder & Weber

Mowery & Schoenfeld, a leading Illinois-based accounting firm, has expanded its operations by merging with Hochfelder & Weber, a distinguished Chicago CPA firm with a 91-year legacy.

Strategic Merger Details

This merger aims to strengthen Mowery & Schoenfeld's market position and broaden its service offerings. The combined firm will continue under the Mowery & Schoenfeld name, with Robert D. Olson, Managing Partner of Hochfelder & Weber, joining as a partner.

Enhanced Service Offerings

Hochfelder & Weber's specialization in serving high-net-worth individuals, families, family offices, and private companies complements Mowery & Schoenfeld's existing services. The merger is expected to enhance the firm's capabilities in these areas, providing clients with a broader range of financial services.

Leadership Perspectives

Jeffery Mowery, Managing Partner at Mowery & Schoenfeld, expressed enthusiasm about the merger, stating, "We are thrilled to welcome the talented team at Hochfelder & Weber into the Mowery & Schoenfeld family. This acquisition marks a significant milestone in our growth strategy and underscores our commitment to delivering unparalleled service to our clients."

Robert D. Olson, Managing Partner of Hochfelder & Weber, added, "We are proud to join a firm that shares our values of excellence and client-focused service. This collaboration will undoubtedly strengthen our ability to give our firm’s clients more resources and contribute to the continued success of both firms."

Firm Overview

Mowery & Schoenfeld, headquartered in Lincolnshire, Illinois, is a top 10 Illinois accounting firm with over 170 employees. The firm offers a comprehensive range of services, including tax, assurance, transaction advisory, outsourced accounting, wealth management, international, business advisory, and technology services through its subsidiary, Xamin.

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