By: Dann Anthony Maurno
Sikich gave itself a daring ten-year deadline to grow its technology services practice from $60 million to $250 million and to build its presence on both US coasts.
With its second major acquisition in 2016, it has achieved a milestone in its geographic expansion. Sikich, based in Naperville, Ill. announced yesterday that it will acquire SCS, based near Los Angeles in Glendale, California.
Earlier this year, the company announced the acquisition of BCG & Co., a firm specializing in audit and assurance, tax, technology and wealth management services with offices in Akron, Ohio, and Atlanta. In 2015, Sikich acquired Altico Advisors, a technology firm based near Boston.
At the time, Jim Drumm, partner in charge of Sikich’s technology services practice, laid out the company’s 10-year growth plan, which is growth from $60 million to $250 million by expanding on both east and west coasts. The BC&G acquisition was its largest to date at $18 million, while the Altico acquisition cost $8 million.
“The addition of SCS establishes a coast-to-coast presence for Sikich and will better position us to bring a broader suite of services to our West Coast clients,” said Drumm in a statement.
SCS is a Microsoft Gold Certified partner with annual revenues of more than $9 million, specializing in Microsoft Dynamics NAV solutions. The acquisition is scheduled to close on Nov. 1.
SCS brings both a California presence and Dynamics NAV horsepower, says Drumm. “With extensive experience helping companies improve business processes through ERP solutions, SCS will bring impressive talent to our team, expand our NAV capabilities and strengthen our robust technology practice.”
Since 1979, SCS has served a broad portfolio of industries, including manufacturing and distribution, agriculture and retail. Besides its Glendale headquarters, the company owns two satellite offices in Phoenix and Las Vegas.
“The acquisition gives us the ability to accelerate our growth in the West and continue to be a market leader,” said Kolbeinn Einarsson, CEO of SCS, in a statement. “Together we will be one of the largest teams of Microsoft Dynamics NAV professionals in the country.”