National accounting powerhouse BKD LLP has expanded its territory with two acquisitions announced this week.
On Monday, BKD said it was acquiring Chicago-based accounting and business-advisory firm Wolf & Co.
The acquisition, effective Nov. 1, will add 140 employees, including 18 partners, into the BKD fold. Terms of the deal were not disclosed.
Wolf offers services including wealth management and personal financial planning to more than 2,000 clients from offices in Oakbrook Terrace, Illinois, and downtown Chicago. Wolf Managing Partner Russell Romanelli will join BKD as managing partner of BKD Chicago.
BKD already has more than 200 clients in the Chicago area, but its only Illinois office is in Decatur.
“This combination gives us a strong physical presence in the nation’s third-largest market, where we have been looking to get on the ground for several years,” BKD CEO Ted Dickman said in a prepared statement.
On Tuesday, BKD also announced the addition of Kacinski & Associates Inc., a Dallas-based loan-review services firm. The deal was effective Sept. 2.
With the addition, BKD’s Loan Review Services division will advise more than 200 banks on credit-risk management issues. The division operates out of Houston, Indianapolis and Kansas City.
Kacinski & Associates Inc. President Suzanne Kacinski, who founded her firm in 1988, joins BKD as a managing director.
BKD is based in Springfield, Missouri, but has major operations in Indiana, where it has 360 employees and 46 partners in four offices.
The firm’s Indianapolis office, which it established by acquiring Olive LLP in 2001, has 230 employees and 30 partners. It ranks third among area accounting firms with 94 certified public accountants.
With the latest acquisitions, BKD will have 2,250 employees overall at 34 offices in 15 states and $475 million in expected annual revenue.