Milwaukee, Wisconsin-based Wipfli, LLP, announced Monday that it has acquired Eikill & Schilling, Ltd., a 114-year-old accounting and consulting firm based in Duluth.
Financial terms of the deal were not disclosed.
Eikill & Schilling has two Minnesota offices—in Duluth and Cloquet—and 31 partners and associates, all of whom have joined Wipfli. Eikill & Schilling’s offices will now be branded as Wipfli locations.
With the addition of Eikill & Schilling, Wipfli now has 22 U.S. offices and two locations in India. The acquisition boosts its Minnesota presence to four locations; the other two are located in Edina and Lake Elmo. As a result of the merger, Wipfli now has more than 1,100 associates across the firm.
On its website, Eikill & Schilling bills itself as the largest locally-owned CPA firm in northeastern Minnesota. Its clients include privately held companies, nonprofits, government entities, and individuals, and it provides tax, accounting, auditing, management advisory, and business consulting services.
“While Wipfli has served businesses in Minnesota for many years, joining forces with Eikill & Schilling will give our combined firm an even stronger physical presence in Minnesota,” Wipfli Managing Partner Rick Dreher said in a statement.
Eikill & Schilling Managing Partner Dean Ager said in a statement that his firm’s partners and associates are “very excited about this combination.”
“We see so many growth opportunities in our marketplace,” he said. “Aligning with Wipfli allows us to capitalize on those opportunities and gain access to additional services to help our clients to grow and prosper.”
Wipfli previously planned to expand its local presence through a merger with Fargo, North Dakota-based Eide Bailly, LLP; the companies said they would establish a joint headquarters in the Twin Cities after the deal closed. But the firms called off the merger in February, saying that they decided to “amicably discontinue merger discussions, because they could not come to an agreement on key terms.”