Top 25 accounting firm Sikich has acquired Milwaukee-based consultancy Jefferson Wells U.S. from global workforce solutions company ManpowerGroup in a deal valued at $100 million.
The transaction closed on April 30. Milwaukee-based ManpowerGroup will receive net cash proceeds at closing of approximately $88 million after working capital and other items. The company said in a media release that it plans to use transaction proceeds to strengthen its balance sheet as it continues to invest for sustainable long-term growth.
Chicago-based Sikich gains more than 300 employees as a result of the Jefferson Wells acquisition.
This is Sikich’s second M&A deal this year. The firm bought Oak Brook, IL-based Burwood Group, an IT consulting and integration firm, in early April.
Sikich secured a $250 million minority investment from private equity firm Bain Capital in May 2024 to support its aggressive growth strategy, focused on acquisitions and strategic partnerships.
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Jefferson Wells delivers solutions in risk and compliance, finance and accounting, and tax—across a diverse range of industries, including to public and highly regulated companies—through project consulting, integrated resourcing, and executive search.
With more than 30 years of operating history in the U.S., Jefferson Wells brings a well-established reputation across key sectors, including financial services, technology, and energy. In 2025, Jefferson Wells generated U.S. revenues of $76 million.
Sikich says the acquisition complements and strengthens its existing presence in healthcare, life sciences, and manufacturing and distribution.
“This acquisition enhances existing capabilities across our business, including deep expertise in risk and compliance, finance and accounting, and tax, making Jefferson Wells an ideal fit as we continue to scale,” Sikich Chairman and CEO Christopher Geier said in a statement. “Both teams share a conviction of a people-first culture and the belief that clients deserve practical, actionable solutions delivered at the highest level of quality.”
Ger Doyle, North America region president at ManpowerGroup, added, “We are delighted to see Jefferson Wells U.S. join Sikich, where there is strong alignment in capabilities, culture, and growth ambition. This creates exciting opportunities for the business and its people. My sincere thanks to the teams on both sides for their hard work and professionalism in bringing this together. As we move forward, we are energized to focus on our core business and continue delivering value for our clients and candidates across North America.”
Sikich offers the public and private sectors a diverse platform of professional services across consulting, technology, and compliance. The firm has approximately 2,000 team members and operates across North America, Europe, Middle East, and Africa, and the Asia-Pacific region.
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