Mowery & Schoenfeld is merging in Xamin, a provider of managed IT services, and Westberg Eischens has acquired Robert F. Danielowski’s accounting firm.
M&A roundup: Mowery & Schoenfeld and Westberg Eischens expand
August 28, 2020 4:06 PM
ILLINOIS: Mowery & Schoenfeld merges in Xamin
The merger will expand the services previously offered by each firm. Both organizations have worked together in the past and will continue to focus on what they have done individually for current and future clients.
Xamin will continue to operate under its current management structure as a subsidiary of Mowery & Schoenfeld. Xiamin founder Jonathan Smith (left) will become a partner of Mowery & Schoenfeld and will continue to lead the Xamin team. Jeffery Mowery (right) will continue as managing partner of the combined firm.
“We are very excited to have the high-quality professional firm Xamin join forces with Mowery & Schoenfeld,” Mowery said in a statement Wednesday. “In an ever-changing world, we will be able to help our clients find technology solutions and provide a high level of security for their operations.”
Financial terms of the deal were not disclosed. Annual revenue at Mowery & Schoenfeld is $17.5 million, while Xamin’s is $5.1 million. Prior to the merger, Mowery & Schoenfeld had 10 partners and 90 total employees. Xamin had 18 total employees with a management team of five. The partnership will bring the total employee count to nearly 110 at the combined firm.
“With shared values and vision, this partnership provides new opportunities for growth as organizations are building remote capabilities and have increasing IT security needs,” Xamin Smith said in a statement.
MINNESOTA: Westberg Eischens acquires Robert F. Danielowski PA
Details: Westberg Eischens PLLP, a firm in Willmar, Minnesota, has acquired Robert F. Danielowski PA, an accounting firm in Granite Falls.
Danielowski has a long career in accounting and is retiring after 41 years in business. He began working in 1973 for Carlotto and Associates and became a 50 percent partner in 1977. On Jan. 1, 1979, he bought the remaining 50 percent ownership after his partner (Mark Carlotto) retired.
Westberg Eischens is an accounting and financial planning firm with offices in Willmar and Montevideo. Led by partners Scott Van Buren, Michael Gramm, Michael Klaers, David Euerle and Travis Steffensen, the firm has 20 staff members. Danielowski has four full-time employees and two part-time employees who plan to stay on with Westberg Eischens once the acquisition is complete. Financial terms were not disclosed.
“Westberg Eischens has done auditing work for some of our clients, and we’ve worked with them for over 10 years,” said Danielowski in a statement. “I’ve always found their staff and partners to be extremely knowledgeable and courteous, and I know they’ll be a good fit with my clients.”
He plans to help the Westberg Eischens staff become more familiar with his clients and their operations. “I want to make sure our clients feel comfortable with the transition,” Danielowski stated.
Once the acquisition is complete, he is looking forward to settling into retirement. “I hope to do a little traveling with my wife and spend time with my three grandsons,” he added. “And golf a lot more.”
Danielowski has a long career in accounting and is retiring after 41 years in business. He began working in 1973 for Carlotto and Associates and became a 50 percent partner in 1977. On Jan. 1, 1979, he bought the remaining 50 percent ownership after his partner (Mark Carlotto) retired.
Westberg Eischens is an accounting and financial planning firm with offices in Willmar and Montevideo. Led by partners Scott Van Buren, Michael Gramm, Michael Klaers, David Euerle and Travis Steffensen, the firm has 20 staff members. Danielowski has four full-time employees and two part-time employees who plan to stay on with Westberg Eischens once the acquisition is complete. Financial terms were not disclosed.
“Westberg Eischens has done auditing work for some of our clients, and we’ve worked with them for over 10 years,” said Danielowski in a statement. “I’ve always found their staff and partners to be extremely knowledgeable and courteous, and I know they’ll be a good fit with my clients.”
He plans to help the Westberg Eischens staff become more familiar with his clients and their operations. “I want to make sure our clients feel comfortable with the transition,” Danielowski stated.
Once the acquisition is complete, he is looking forward to settling into retirement. “I hope to do a little traveling with my wife and spend time with my three grandsons,” he added. “And golf a lot more.”
