Chicago-based Sikich LLP is acquiring Cleveland-based acocunting firm Thornhill Financial. This move, which Sikich described as a significant part of its expansion strategy, is focused on enhancing its presence in the Northeast Ohio market. The deal is expected to be finalized by Nov. 30.
The acquisition of Thornhill Financial is part of Sikich's broader strategy to enhance its service capabilities and geographical reach.
"Northeast Ohio is a priority market for Sikich," said Jason Tuma, the Northeast Ohio market expansion leader at Sikich.
Thornhill Financial caters to sectors such as manufacturing, construction, and private equity. The firm specializes in individual and business tax planning, compliance, employee benefit plan audits, restructuring and estate planning. It also has a strong focus on high net worth clients.
Post-acquisition, the Thornhill Financial team will continue operating from their existing office while integrating some Sikich employees.
Sikich, which specializes in technology-enabled professional services, employs over 1,600 people and serves a diverse clientele, including corporations, non-profits, and government entities.
