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January 5, 2012

Eide Bailly, Wipfli union creates Top 12 firm

Top 30 firms Eide Bailly and Wipfli are to merge in June creating the 12th largest accounting firm in the US.

The merged entity will be branded as EB Wipfli and led by Eide Bailly chief executive Jerry Topp.

EB Wipfli is expected to generate annual revenue of $314m and will manage around $3 billion in assets. The firm will have 2,327 staff including 301 partners, serving about 70,000 clients from 41 offices across the west-central United States and two offices in India.

EB Wipfli would be placed just below the 11th largest firm Moss Adams, which has $316m and 1,687 staff, and above Plante & Moran, which has revenue of $298m.

Topp said the firms have already achieved success through personal business relationships.

“We know clients appreciate our genuine desire to learn more about their businesses, and value our ability to apply our knowledge to their specific needs. This will not change with the new firm.” Topp said.

Eide Bailly is currently an HLB International member and Wipfli is affiliated with PKF North America.

A spokesperson told International Accounting Bulletin that a decision on future network affiliation is yet to be made.

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