28 AUG 2024 / M&A UPDATES

Sikich Acquires Saggar & Rosenberg to Expand Consulting Expertise

- MYCPE ONE Insights Team

Summary

It is generated by AI

Chicago-based professional services firm Sikich has agreed to acquire accounting firm Saggar & Rosenberg P.C. This marks Sikich's first acquisition since receiving a minority investment from Bain Capital, thereby enabling expansion into the consulting and government sectors and broadening service offerings to their client base.

Chicago-based Sikich, a leading global technology-enabled professional services firm with FY23 net revenue of $363.8 million, has entered into a definitive agreement to acquire Saggar & Rosenberg P.C., a full-service CPA firm located in Rockville, Maryland. This acquisition marks Sikich's first since securing a minority investment from Bain Capital earlier this year, further expanding its reach in the consulting and government sectors.

Strategic Fit with Government and Non-Profit Focus

Saggar & Rosenberg specializes in providing accounting, consulting, tax, and audit services, with a primary focus on government contractors, non-profit organizations, real estate companies, and federal government entities. The firm has built a strong reputation over 25 years under the leadership of founder Sandy Saggar.

“Sandy Saggar has built an impressive company that complements our own offerings, particularly in the non-profit and government sectors where we have a strong presence,” said Antony Nettleton, Co-Managing Principal at Sikich. “We are excited to leverage the expertise of his team in delivering comprehensive, enterprise-wide financial solutions. Together, we will continue to serve our clients with the integrity and quality our firms are known for, while seizing emerging market opportunities.”

Strengthening Client Offerings and Service Delivery

Sandy Saggar, the founder and CEO of Saggar & Rosenberg, expressed that the acquisition would allow the firm to provide a broader range of services to their growing and sophisticated client base. "We want to support our clients with more diverse offerings as they navigate change, ensuring the excellent service they’ve come to expect from us," Saggar explained. The firm’s commitment to maintaining high service standards and providing innovative solutions was a key factor in their decision to partner with Sikich.

A Strategic Investment in Growth

The acquisition follows Sikich’s May 2024 announcement of a $250 million minority investment from Bain Capital. This funding will support Sikich’s ambitious acquisition strategy, help enhance operational capabilities, and solidify its leadership position in the professional services market. Unlike traditional private equity deals, Sikich retains majority control of the company, positioning itself for long-term, sustainable growth.

“This acquisition strengthens our position in key markets and further accelerates our growth strategy,” noted Nettleton. "We are committed to enhancing our expertise and expanding our service offerings to meet the evolving needs of our clients, especially in the government and consulting sectors."

The acquisition of Saggar & Rosenberg marks an important milestone for Sikich as it continues to scale its operations and enhance its service capabilities, reinforcing its commitment to delivering high-quality solutions and expanding its market presence.

Until next time…

Don’t forget to share this story on LinkedIn, X and Facebook

📢MYCPE ONE Insights has a newsletter on LinkedIn as well! If you want the sharpest analysis of all accounting and finance news without the jargon, Insights is the place to be! Click Here to Join

Scale Your Accounting Firm the Smart Way with MYCPE ONE!

Your Trusted Offshore Partner for CPAs and Accounting Firms.

Struggling to scale? Let MYCPE ONE’s offshore accounting team help you grow faster and more efficiently.

With 500,000+ vetted professionals across 40 offices in 2 countries, we provide you access to top talent and advanced technology, all while handling the hiring process for you.

Trusted by 3,000+ firms, including 45+ BDO Alliance Firms and 40+ of the Top 200 Accounting Firms!

Start building your offshore dream team today with MYCPE ONE!

Scale smarter. Save bigger. Stay ahead.

Schedule a call!

Sikich Acquires Saggar & Rosenberg to Expand Consulting Expertise

Related Articles