Midwest Accounting Firms Combine Forces

The certified public accounting and consulting firms of Virchow Krause and Lund Koehler Cox & Arkema have announced their merger. The merger provides the Twin Cities area with the resources of a large regional firm with strong local ties. The merger is effective January 1, 2001.

Virchow Krause (VK) is the largest CPA firm in Wisconsin, and the 16th largest firm in the country, according to Public Accounting Report, a leading industry newsletter. The firm has 90 partners, and over 900 total staff. The merger will add 175 people including 28 partners in the Twin Cities.

Lund Koehler Cox & Arkema (LKCA) has 11 partners and 55 total staff located in Minnetonka, a suburb of Minneapolis. LKCA’s full service practice focuses primarily on providing audit tax and advisory services to rapidly growing emerging public companies.

"This is a great opportunity to expand our public client service capabilities" stated Dana House, the Managing Partner of VK's Minnesota Region. "LKCA has a solid reputation and outstanding people. We are pleased to have them join our team", stated House.

"This merger provides us with the ability to continue the rapid growth we have experienced in recent years”, stated James Cox, Managing Partner of LKCA. "A key to growth is the ability to offer the wide range of services that our clients are seeking. Developing them on our own was not an option. VK's existing capabilities will allow us to help clients be more efficient, competitive, and profitable. This merger also provides great opportunities for our staff", stated Cox.

Virchow Krause expanded rapidly in Minneapolis through internal growth and the 1999 merger with House Nezerka & Froelich.

The firm has added capabilities in wealth management, employee benefits consulting, financial staffing, business valuation, insurance services, human resources consulting, and Internet consulting.

Virchow Krause is affiliated internationally with Summit International.

You may like these other stories...

Here's a CPA who truly walks the walk. On March 15, Frank Ryan, CPA, departed San Diego, California, with plans to be in Ocean City, Maryland, by July 2 to teach a course at the Maryland Association of CPAs’ (MACPA...
When Theodore J. Flynn first joined the Massachusetts Society of CPAs (MSCPA) in 1970, it was a different world and a different profession.  The "Big Eight" were still headquartered in Boston. Vietnam War...
Accountant Rickey Charles Goodrich had it a little too good. Many bean counters would kill to serve as financial guru to the likes of Pearl Jam. Goodrich was hired in 2005, and the following year, he became the CFO of Curtis...

Already a member? log in here.

Upcoming CPE Webinars

Oct 9In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards.
Oct 15This webinar presents the requirements of AU-C 600, Audits of Group Financial Statements (Including the Work of Component Auditors).
Oct 21Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience’s communication style.
Oct 23Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.