Wipfli and Eide Bailly announce plans to merge
January 6, 2012
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Eide Bailly LLP and Wipfli LLP, two prominent accounting and consulting firms that rank among the largest in the country, today announced plans to merge their professional practices. Pending regulatory approval, the two firms will officially combine on June 1, 2012.
The combined firm will be named EB Wipfli LLP, and will rank among the nation’s top 15 accounting firms, with annual revenue of more than $314 million. Combined, the new firm will serve more than 70,000 clients from 41 offices across the west-central United States and two offices in India. EB Wipfli will provide a comprehensive range of audit, tax, accounting, consulting, and professional advisory services to public and private companies across the country and internationally.
In a joint statement, Jerry Topp, Managing Partner/CEO of Eide Bailly, and Rick Dreher, Managing Partner/CEO of Wipfli, said, “Together, our firms will have the depth of resources necessary to help our clients meet their future challenges and leverage future opportunities. We are excited about what this merger will mean for our clients our associates and our partners.”
Topp, who will serve as Chairman of the merged firm, commented, “We are proud to join forces with a firm of similar size, scope, culture and service philosophy. Eide Bailly and Wipfli are both committed to offering our clients top-quality service and customized solutions to help them thrive, and to providing our staff with a positive culture and exciting career opportunities.”
Dreher, who will serve as the Managing Partner/CEO of the merged firm, said, “We have forged mutual respect and a strong relationship with Eide Bailly over the years, and feel this is an outstanding opportunity to combine our collective talents and strengths to enhance the value we bring to our clients, associates and the communities we serve.”
According to Topp and Dreher, client service is a hallmark of both firms’ service delivery. “Our firms have achieved success through personal business relationships. We know clients appreciate our genuine desire to learn more about their businesses, and value our ability to apply our knowledge to their specific needs. This will not change with the new firm.”
The new firm will be comprised of 2,327 associates, including 301 partners. Among the combined firm’s many strengths, its national wealth management practice will rank as one of the largest in the accounting profession with nearly $3 billion in assets under management.