Sikich boosts advisory services with acquistion

Evolution Retirement Services deal allows Sikich to enhance retirement plan services

NAPERVILLE, Ill. — March 28, 2017 — Professional services firm Sikich LLP announced Tuesday that it will acquire the business of Evolution Retirement Services, which provides retirement plan design and administrative services for small and midsize businesses. The ERS team will bolster Sikich’s employee benefit services practice, which assists companies with benefit plan design, administration and compliance.

“Our team is skilled at helping companies develop and administer employee benefit plans that enable them to attract and retain talent,” said Chris Geier, CEO and managing partner of Sikich. “At the same time, we help them comply with complex regulatory requirements. The addition of Evolution Retirement Services will add depth to our employee benefit services practice and enhance the retirement planning services we offer companies across industries.”

Based near Milwaukee in Wauwatosa, Wisconsin, Evolution Retirement Services helps companies design and administer retirement plans – including profit-sharing plans, 401(k) plans, money purchase pensions and cash balance plans. The company’s employees will join Sikich’s office in Brookfield, Wisconsin.

“We are very excited and proud to be joining Sikich,” said Mark Maurice, president of Evolution Retirement Services. “This deal allows for regional expansion of our retirement plan administration services and ensures long-term stability for our employees and clients. Further, Sikich’s depth of expertise across its various practice areas will enable us to offer our clients new insights and services.”

This latest acquisition follows Sikich’s acquisitions in 2016 of the business of Brockman, Coats, Gedelian & Co., an Akron, Ohio-based firm offering audit and assurance, tax, technology and wealth management services, SCS, a technology firm based in Glendale, California, and Stanfield & Associates, a Downers Grove, Illinois-based accounting firm. The Evolution Retirement Services transaction is expected to close effective April 1.

This publication contains general information only and Sikich is not, by means of this publication, rendering accounting, business, financial, investment, legal, tax, or any other professional advice or services. This publication is not a substitute for such professional advice or services, nor should you use it as a basis for any decision, action or omission that may affect you or your business. Before making any decision, taking any action or omitting an action that may affect you or your business, you should consult a qualified professional advisor. In addition, this publication may contain certain content generated by an artificial intelligence (AI) language model. You acknowledge that Sikich shall not be responsible for any loss sustained by you or any person who relies on this publication.

About the Author