Top 30 accounting firm Sikich on Tuesday said it’s acquiring Saggar & Rosenberg, a full-service CPA firm based in Rockville, MD.
Financial terms of the deal weren’t disclosed. Saggar & Rosenberg has six partners, including Managing Partner Sandy Saggar, according to its website, and its size is between 51 and 200 employees, according to the firm’s LinkedIn page.
This is Sikich’s first M&A deal since it secured a $250 million minority investment from private equity firm Bain Capital in May.
“Over the last 25 years, Sandy Saggar has built an impressive company that dovetails nicely with our own offerings and specialized services to non-profits and the government sector, where we have a strong presence,” Antony Nettleton, co-managing principal, CPA, at Naperville, IL-based Sikich, said in a statement. “We look forward to leveraging the expertise of his team, who are delivering comprehensive, enterprise-wide financial solutions to clients across the country. We will serve our collective clients together, with the integrity and quality our companies are known for, while taking advantage of emerging opportunities in the market.”
Founded in 1999, Saggar & Rosenberg provides accounting and consulting services along with tax and audit, primarily for a broad base of government contractors, nonprofit organizations, real estate companies, and the federal government.
“Over the years, Saggar & Rosenberg has experienced significant growth serving a wide range of sophisticated clients who are demanding an increasing set of diverse services. We want to support those clients with a broader set of offerings as they navigate change and do so in a way that ensures the excellent service they’ve come to expect from us,” said Sandy Saggar, founder and managing partner of Saggar & Rosenberg. “This expectation is what attracted us to Sikich, with their track record, strategy for growth, and people-first mindset. Given the latter, I believe we have found a like-minded organization that will allow our employees to expand their skills and explore opportunities for growth.”
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