Chicago (May 4, 2004) – Regional accounting firm giant Plante & Moran has completed its foray into the Chicagoland market with the finalization yesterday of its merger with Gleeson, Sklar, Sawyers & Cumpata LLC.
The combined firm is expected to have revenues of approximately $191 million, and a strong presence in Chicago, with a larger portfolio of services for local clients. Among the offerings that will be added are litigation support, strategic business planning and turnaround services.
“Chicago’s business environment truly calls for such accounting services,” said Plante & Moran managing partner Bill Hermann, “but this niche was never really filled until now.”
Gleeson, Sklar, which had $16.88 million in revenue for 2003, brings three offices – in Chicago, Elgin and Aurora, Ill. – to the deal, as well as 16 partners. GSSC managing partner George Cumpata will serve as Plante & Moran’s managing partner for Illinois.
“Through this merger, we are expanding the services and expertise our clients want, and providing them with the benefits of a large firm with a regional network of offices,” Cumpata said.
In January, the firms had said that they were close to a deal, after beginning discussions last fall.
Southfield, Mich.-based Plante & Moran was ranked No. 15 on the 2004 Accounting Today Top 100 Firms list, with 2003 revenue of $174 million.
-- WebCPA staff
