Honkamp, P.C., a Top 10 Midwest CPA and business advisory group, announced that one of the 20 largest CPA firms in the St. Louis metro area has been added to its growing team.
In a news release, Honkamp said the firm of Schowalter & Jabouri, P.C. merged into Honkamp effective Dec. 2. Financial details of the acquisition were not disclosed.
Schowalter & Jabouri is a full-service attest, tax, and business advisory firm in St. Louis with more than 30 employees. The staff, all of whom are being retained, will continue to serve their current clients out of their St. Louis office.
“This merger represents another step in Honkamp’s growth, and we are thrilled to welcome a firm with such established roots in an exciting new market for us,” Honkamp President and CEO Katie Thomas said in a news release. “We are excited to announce this expansion, which will enable us to extend world-class service and groundbreaking solutions to an even broader spectrum of clients.”
The new location marks the first office in Missouri for Honkamp, which is headquartered in Dubuque, Iowa, and now has about 300 employees. In addition to St. Louis, the firm has eight offices in Iowa and Wisconsin including one in Davenport.
Merger bolsters client services
Schowalter & Jabouri was founded in 1976 and has a longstanding reputation in the St. Louis area for providing outstanding client service to a wide range of industries. The merger into Honkamp only bolsters that service to clients, Schowalter & Jabouri President Jamie Jabouri said in the release.
“This is an ideal partnership,” Ms. Jabouri said. “Honkamp shares the same values we do. They exceeded our hopes for a firm that we can combine with, while also continuing our tradition of high-quality service of valued expertise, and of fostering an environment that our clients and colleagues are excited to be a part of, while providing greater opportunities for continued growth and a more secure future together.”
Art Kuesel and Marc Rosenberg consulted on the acquisition.
This is the fourth acquisition in the past two years for Honkamp. In December 2021, Honkamp added Nigl Accounting LLP, based in Oshkosh, Wisconsin. In November 2022, Honkamp acquired Vaassen, Pluemer CPAs, LLC, of Platteville, Wisconsin, and the Cedar Falls, Iowa, office of Gosling & Co., P.C.
