Sikich Expands in Chicago with Acquisition of O’Malley & Kwit

CHICAGO — Nov. 22, 2022 — Sikich announced today that it has signed an agreement to acquire the operating assets of O’Malley & Kwit LLC, a specialized tax firm based in Chicago.

“Continuing to expand our practice in the Chicago market is a priority for Sikich,” said Tom Krehbiel, partner at Sikich and leader of the firm’s CPA practice. “Adding the O’Malley & Kwit team strengthens our tax capabilities and enhances the foundation for us to continue to scale in this key market.”

O’Malley & Kwit is a full-service accounting firm that specializes in providing tax compliance, analysis and planning services to privately held companies, hedge funds and high net worth individuals. The firm offers accounting and attestation support as well as U.S. compliance related to foreign investment and entity structure guidance.

“The benefits of joining the Sikich team are two-fold: we’re able to offer clients a breadth of new and advanced services, and provide expanded growth opportunities to our employees,” said William Kwit and Patrick O’Malley, partners at O’Malley & Kwit. “This additional set of tools and opportunities will allow our clients and employees to thrive in this dynamic landscape.”

The O’Malley & Kwit team will join Sikich’s downtown Chicago office. The transaction is scheduled to close on November 30.

About Sikich

Sikich is a global company specializing in technology-enabled professional services. With more than 1,400 employees, Sikich draws on a diverse portfolio of technology solutions to deliver transformative digital strategies and ranks as one of the largest CPA firms in the United States. From corporations and not-for-profits to state and local governments and federal agencies, Sikich clients utilize a broad spectrum of services* and products to help them improve performance and achieve long-term, strategic goals.

*Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC. Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor.

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.

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