Stanfield & Associates deal will enhance Sikich’s ability to serve family offices
NAPERVILLE, Ill. — Oct. 28, 2016 — Professional services firm Sikich LLP announced Friday that it will acquire Stanfield & Associates, a Downers Grove, Illinois-based accounting firm. Stanfield has extensive experience performing outsourced accounting for family offices, which are private wealth management advisory firms that manage investments for high net worth individuals and families.
“The acquisition of Stanfield & Associates will add valuable expertise to Sikich’s accounting services team and expand the capabilities of our growing family office practice,” said Sikich CEO Jim Sikich. “Stanfield has demonstrated impressive success and will be a welcome addition to our team as we continue to bolster our accounting offerings for clients.”
Led by John Stanfield and founded in 2011, Stanfield & Associates will join Sikich’s Naperville-based accounting services practice, which offers outsourced accounting and tax planning and preparation services to small and midsize businesses across industries.
“Joining Sikich will allow us to tap into the full team’s impressive technical knowledge and the firm’s many practice areas to offer our clients access to new insights and services,” said John Stanfield, founder and principal at Stanfield & Associates. “We are excited to join a growing professional services firm and contribute to the strength of Sikich’s robust accounting practice.”
The acquisition of Stanfield & Associates comes on the heels of the announcement of Sikich’s acquisition of SCS, a technology firm based in Glendale, California. Earlier this year, Sikich also expanded into northeast Ohio with the acquisition of BCG & Co., an Akron-based firm offering audit and assurance, tax, technology, and wealth management services. Sikich’s acquisition of Stanfield & Associates is scheduled to close on Nov. 1.