July 1, Baerson Witonski Berkowitz & Rubin LLC (BWBR) will merge its practice into Mowery & Schoenfeld, LLC (M&S), headquartered in Lincolnshire, Illinois. The merger will create a combined firm in excess of $8 million in annual fees.
The merged firm will have more than fifty staff members, making it one of "Chicagoland's" largest firms, with a focus of serving the business and financial advisory needs of midsized businesses.
BWBR's partners and staff will move to the newly expanded offices of M&S in Lincolnshire, Illinois. BWBR principals Dan Witonski, Chick Baerson, and Scott Rubin will stay with the firm in their existing roles of managing client services for BWBR's existing client base.
"Combining our firms and adding the talent of Dan Witonski, Chick Baerson, and Scott Rubin and their staff will help us better serve our ever-expanding and growing practice. We are enthusiastic about continuing the high level of service and expertise Dan, Chick, and Scott have provided their tremendous client base", said Jeff Mowery, partner, M&S.
M&S Partner Keith Schoenfeld, added",These gentlemen are well known and respected in the Chicagoland area for excellent client service and a successful track record of practice growth and development. They are highly respected within the accounting profession, and we are proud to have them join our team."
Witonski and Baerson have practiced together in BWBR for over thirty-five years, and Rubin has been with the firm for twenty-four years.
"While I am proud of my more than thirty-five-year history as a partner with Chick and Scott in Baerson Witonski Berkowitz & Rubin LLC, I recognize that the next step for my team and clients is to merge with a firm of comparable quality that would enable us to expand services to our local, regional, and national clients", said Witonski.
"Mowery Schoenfeld shares our philosophy of helping our clients grow and succeed, and the merger will broaden and deepen our existing industry specialization, enabling us to offer more comprehensive business advice tailored to our clients", Baerson said.
Rubin added",The ever-changing complexities of tax regulations and the movement toward IFRS make it necessary we respond quickly to our clients' goals and needs; this merger helps all of us do that."
Transition Advisors, a merger and acquisition consulting firm exclusively serving the national accounting community, assisted in the transaction.