Sikich expands into Washington, D.C., area with acquisition

CHICAGO — Dec. 17, 2019 — Professional services firm Sikich announced Tuesday that it has agreed to acquire Alexandria, Virginia-based public accounting firm Halt, Buzas & Powell, Ltd. The deal marks Sikich’s entry into the Washington, D.C., and Baltimore metro markets and expands its presence on the East Coast.

“Adding the talented HBP team will strengthen our accounting, tax and audit services and advance our growth across the country,” said Sikich CEO Chris Geier. “HBP’s expertise in not-for-profit accounting and their outsourced CFO services complement our team’s strengths. With a presence in the Washington, D.C., area, we’ll be well-positioned to provide valuable business services to more organizations on the East Coast.”

HBP offers audit and assurance, business consulting, outsourced accounting, tax, and information technology services to business across industries. The firm specializes in working with not-for-profit organizations and government contractors. It has specialized experience offering outsourced CFO services to public charities and trade associations.

“The synergies between our firm and the Sikich team will allow us to bring new opportunities to our clients and employees,” said Andy Powell, managing partner at HBP. “Much like our firm, Sikich places great emphasis on trust, integrity and commitment to client success. We look forward to living out those values as part of the Sikich team.”

Approximately 50 HBP employees will join Sikich and continue to work from their offices in Alexandria, Virginia, and Crofton, Maryland. Powell and Marco Fernandes will join Sikich as partners. The transaction is scheduled to close on Dec. 31.

This deal comes on the heels of Sikich’s acquisitions of Brookfield, Wisconsin-based accounting firm Freyberg, Hinkle, Ashland, Powers & Stowell, Oak Brook, Illinois-based accounting firm Scanlan & Leo, and technology consulting firm NexGen Consultants.

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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