Profile of Sikich LLP
Jim Sikich founded Sikich LLP in 1980. Christopher Geier succeeded Jim Sikich as CEO and Managing Partner on January 1, 2017. The firm generated a revenue of $146.4 million in 2016. Sikich has received several awards and recognitions from professional organizations and publications, and also honored as one of the best places to work at. Its core product categories include accounting, tax and audit services, technology and software services, and advisory services. Below, I will provide an overview of Sikich, including its history, senior leadership, financial metrics, reputation, and core product categories.
Jim Sikich founded Sikich LLP in 1980. He served as the company’s managing partner and CEO until January 1, 2017. In 1996, Sikich expanded into nontraditional service areas by buying Microsoft distribution licenses to offer technology services. In February 2016, Sikich added 40,000 square feet at its Naperville headquarters.
Sikich had acquired three companies over the last two years for an undisclosed value. The company acquired accounting and technology firm Brockman, Coats, Gedelian & Co. and technology firm SCS in 2016. Sikich acquired retirement plan design provider Evolution Retirement Services in March 2017.
Seven senior leaders are listed on Sikich’s corporate website:
1. Christopher Geier - CEO and Managing Partner
2. Sarah Harris - General Counsel, Partner, and Chief Legal Officer
3. Thomas R. Krehbiel, CPA, CISA - Partner-in-charge of CPA services firm-wide
4. Janel M. O’Connor - Chief Human Resources Officer
5. Tom Luken, CPA - Chief Operating Officer and Partner
6. John Yim - Chief Financial Officer
7. Jim Drumm - Partner and leads the overall strategy and growth for the firm’s technology practice
Sikich is a private company and has not publicly revealed its latest financial details. It was reported that the company’s revenue grew from $116 million in 2015 to $146.4 million in revenue in 2016. Its estimated revenue on Owler is $146.1 million. Sikich’s estimated revenue is not listed on Hoovers.
For the last 30 years, Sikich has received several awards and recognitions from professional organizations and publications, and also honored as one of the best places to work at. Its corporate website has listed ten firm awards that it has received for the last two years and 23 workplace awards that it has received for the last three years.
One the latest firm awards that Sikich has received is the 2017/2018 Inner Circle for Microsoft Dynamics, which recognized its sales achievements and innovation. Another firm award that Sikich has received recently is the Oracle NetSuite Global Business Unit's 4-Star Award. Sikich has received the When Work Works Award 2017 for providing effective and flexible workplace practices. The company is also one of the recipients for World at Work Work-Life 2017 Seal of Distinction for offering “a strong total rewards portfolio that delivers a positive workforce experience.”
CORE PRODUCT CATEGORIES
Sikich’s core services are divided into three categories: accounting, tax and audit, technology and software, and advisory. As of 2016, 45 percent of its revenue comes from accounting, tax and audit services, 45 percent from technology and software services, and the remaining ten percent from advisory/consulting services.
Sikich’s accounting services include outsourced accounting solutions, outsourced CFO, family office services, police and fire pension funds, and financial management software. Its tax planning services are offered in categories such as federal, state & local, international, tax credits and incentives, and private client. The firm’s audit & assurance services include audits, employee benefit plan audits, and service organization control reports.
Sikich’s technology portfolio includes software in categories such as ERP, business intelligence, customer relationship management, managed services, security and compliance, and cloud services. Its advisory services include providing business succession planning such as value enhancement and growth, and transition of business ownership.
In conclusion, Jim Sikich founded Sikich LLP in 1980. The company’s revenue grew from $116 million in 2015 to $146.4 million in revenue in 2016. Its core product categories include accounting, tax and audit services, technology and software services, and advisory services.