Acquisition bolsters consulting and government sector expertise.
Sikich, a global technology-enabled professional services company, has entered into a definitive agreement to acquire Saggar & Rosenberg, P.C., a full-service CPA firm based in Rockville, Maryland
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 federal government.
"Over the last 25 years Sandy Saggar has built an impressive company that dovetails nicely with our own offerings and specialized services to nonprofits and the government sector, where we have a strong presence," says Antony Nettleton, Co-Managing Principal, CPA, Sikich. "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."
"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 CEO 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."
In May, Sikich secured a minority growth investment of $250 million from Bain Capital to help fund its robust acquisition strategy, enhance operational excellence and cement its professional services leadership position. The transaction, in a departure from traditional private equity deals in professional services, leaves Sikich with majority control of the company and is testament to its track record and growth strategy.
SOURCE: Sikich
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