NAPERVILLE - Professional services firm Sikich LLP said it will acquire Evolution Retirement Services, which provides retirement plan design and administrative services for small and midsize businesses.
Terms of the acquisition were not announced.
Based in Wauwatosa, Wisconsin, Evolution Retirement Services helps companies design and administer retirement plans, including profit-sharing plans, 401(k) plans, money purchase pensions and cash balance plans. The company's employees will join Sikich's office in Brookfield, Wisconsin.
The acquisition will bolster Sikich's employee benefit services practice, which assists companies with benefit plan design, administration and compliance, the company said..
"Our team is skilled at helping companies develop and administer employee benefit plans that enable them to attract and retain talent," said Chris Geier, CEO and managing partner of Sikich. "At the same time, we help them comply with complex regulatory requirements. The addition of Evolution Retirement Services will add depth to our employee benefit services practice and enhance the retirement planning services we offer companies across industries."
This move follows three Sikich's acquisitions in 2016: Brockman, Coats, Gedelian & Co., an Akron, Ohio-based firm offering audit and assurance, tax, technology and wealth management services; SCS, a technology firm based in Glendale, California; and Stanfield & Associates, a Downers Grove-based accounting firm.
The Evolution Retirement Services transaction is expected to close effective April 1.