Firm Management
Sikich to Acquire CliftonLarsonAllen’s Federal Government Practice
More than 70 employees, including four principals, from CLA’s federal government practice will join Sikich on Dec. 31.
Dec. 14, 2023
Top 30 accounting firm Sikich said on Thursday it has agreed to acquire the federal government practice of top 10 accounting firm CliftonLarsonAllen (CLA), a move that will expand the Naperville, IL-based firm’s presence in the Washington, D.C. market.
More than 70 employees, including four principals, from CLA’s federal government practice will join Sikich’s D.C office after the transaction closes on Dec. 31. Financial terms of the deal were not disclosed.
“The federal government vertical is a priority space for Sikich—we’ve been hyper-focused on growing our federal offerings and expertise over the past few years,” Steven Koons, Washington, D.C. market expansion and federal government services leader at Sikich, said in a statement. “The addition of CLA’s federal government practice allows us to continue this growth trajectory, adding to our bench of experts, enhancing our market-leading capabilities for federal clients, and providing new opportunities to work with major government entities. I look forward to working with the CLA team to further boost our federal government capabilities and reinforce our position as a thought leader in the market.”
CLA’s federal government practice, based in the nation’s capital, provides audit, accounting, and assurance services to help clients establish reliable financial data to make key business decisions. The practice works with a variety of government agencies and entities, including the U.S. Department of Transportation, the Defense Commissary Agency, and the U.S. Nuclear Regulatory Commission.
Sikich entered the Washington, D.C., market in 2019 with the acquisition of public accounting firm Halt, Buzas & Powell. In 2022, the firm bolstered its presence in the federal government industry with the acquisition of Cotton & Company.