Katz, Sapper & Miller (KSM), a US-based advisory, tax and audit company, has acquired Chicago-based advisory firm ValueKnowledge for an undisclosed sum.

This move, effective from 21 October 2024, is set to bolster KSM’s business valuation practice.

Founded in 2005 by Jim Krillenberger, ValueKnowledge provides complex business valuations, including fair value assessments and impairment testing of goodwill.

Krillenberger said: “KSM’s reputation and client-centered approach make this a natural and exciting next step for ValueKnowledge.

“The alignment of our teams allows us to combine strengths and seamlessly continue to serve our clients while offering them expanded services and solutions.”

ValueKnowledge offers services to a diverse range of clients including publicly traded companies and large private equity-backed businesses, across various industries.

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Following the acquisition, KSM will integrate ValueKnowledge’s team, led by Krillenberger and Andy Stebbins, into its operations.

Stebbins and Krillenberger will join KSM as director and managing director, respectively.

With more than 25 years of experience in business valuations, Krillenberger has held senior roles including partner at PwC, partner in EY’s Transaction Advisory Services practice and managing director at Standard & Poor’s valuation practice.

Andy Stebbins has more than ten years of experience in the sector, having worked on numerous engagements for both private and public companies.

KSM advisory services partner-in-charge Mike North said: “Jim’s extensive experience – from his leadership at Big 4 firms, to building his own successful valuation practice – adds incredible depth to our team and value for our clients.

“Andy’s proven skills and dedication to client success will further enhance our team’s capabilities. Integrating ValueKnowledge strengthens KSM’s advisory role, better equipping us to guide clients through complex financial decisions.”

This acquisition follows KSM’s recent expansion in New York City, where CPA company Shanholt Glassman Klein Kramer & Co., along with its 65 employees, joined KSM at the end of last month.