Adrian Johnson
TLDR:
Rehmann LLC acquires West Michigan accounting firm Walker, Fluke & Sheldon PLC, expanding its expertise in technology, human resources, and CFO advisory services. The deal takes effect on August 1, with all three offices operating under the Rehmann name. The terms of the deal were not disclosed.
Key Points:
- Rehmann LLC acquires Walker, Fluke & Sheldon PLC, with the deal effective on August 1.
- The acquisition expands Rehmann’s expertise in technology, human resources, and CFO advisory services.
An accounting firm with three offices in West Michigan will transition next month to the ownership of advisory firm Rehmann LLC. Troy-based Rehmann’s acquisition of Walker, Fluke & Sheldon PLC takes effect Aug. 1. Founded in 1976, Walker, Fluke & Sheldon’s offices in Hastings, Ionia and Richland will operate under the Rehmann name and the staff of 22 people will continue with the firm. “We are incredibly excited to be joining the Rehmann family and look forward to the new opportunities it will provide for our associates and clients,” Kathy Sheldon, managing partner at Walker, Fluke & Sheldon, said in a statement. “Rehmann shares all our core values, and we are confident this business combination will allow all parties to flourish.” Terms of the deal were undisclosed. Through the combination, Walker, Fluke & Sheldon gains further expertise in areas such as technology and cyber-consulting, human resources and CFO advisory services. “WFS is known regionally as a great community partner in West Michigan and shares Rehmann’s values of fostering meaningful relationships with clients,” Rehmann CEO Stacie Kwaiser said in a statement. “The collective WFS associate team will be a great addition to the firm and will help us continue to maximize client potential in that region.” As of June, Rehmann employed 282 certified public accountants in Michigan, up from 256 a year ago, and had a total head count of 788 people in the state, according to research from Crain’s Grand Rapids Business. In Michigan, Rehmann operates from offices in Grand Rapids, Muskegon, Lansing, Ann Arbor Jackson, Detroit, Saginaw, Cheboygan, Traverse City and Troy. Across its 16 total offices in Michigan, Ohio and Florida, Rehmann employs more than 1,000 people, according to the company.
