Sikich Acquires Jefferson Wells U.S.

Key Terms

net cash proceeds financial

The actual cash a company receives from a financing or sale after subtracting direct transaction costs such as bank and legal fees, commissions, taxes and other closing expenses. Think of it like selling a house and keeping what’s left after paying the realtor and closing costs — it’s the money that truly lands in the company’s account. Investors watch net cash proceeds because they determine how much cash is available for growth, paying down debt, dividends or share buybacks and therefore affect financial strength and valuation.

working capital adjustments financial

An adjustment made after a business sale or valuation to reflect the target company’s short-term operating resources—things like inventory, customer invoices owed to the company, and bills the company must pay—so the buyer pays for the business as a running concern. Think of it like checking the gas and mileage when buying a used car and changing the price if the tank or wear is different than expected; investors care because it changes the final purchase price, affects ongoing cash available to run the business, and alters deal returns.

project consulting technical

Project consulting is a professional service where outside specialists are hired to plan, run, and improve a specific business initiative—such as launching a product, upgrading technology, or reorganizing a division. For investors, project consultants matter because they can accelerate timelines, reduce execution risk, and control costs; their involvement often influences whether a company meets key milestones, stays on budget, and ultimately delivers the expected financial results.

executive search technical

A specialized recruitment process that finds and vets senior leaders such as CEOs, CFOs and other top executives, often using external firms or headhunters. It matters to investors because the people chosen set strategy, manage risk and shape performance—like hiring a ship’s captain—so a well-executed search can improve company direction and market confidence, while a poor choice can hurt execution and shareholder value.

CHICAGO--(BUSINESS WIRE)-- Sikich, a professional services company specializing in consulting, technology and compliance today announced it has acquired Milwaukee-based Jefferson Wells and their 300+ employees in the U.S. from ManpowerGroup (NYSE: MAN). Jefferson Wells delivers solutions in risk & compliance, finance & 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 over 30 years of operating history in the United States, Jefferson Wells brings a well-established reputation across key sectors including financial services, technology, and energy. This acquisition complements and strengthens Sikich's existing presence in healthcare, life sciences, and manufacturing and distribution. In 2025, Jefferson Wells generated U.S. revenues of $76 million. The transaction was valued at $100 million, with net cash proceeds at closing of approximately $89 million after working capital adjustments and other items.

“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,” said Sikich Chairman & Chief Executive Officer Christopher Geier. “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.”

“We are delighted to see Jefferson Wells U.S. join Sikich, where there is strong alignment in capabilities, culture, and growth ambition”, added Ger Doyle, North America region president, ManpowerGroup. “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.”

The transaction closed on April 30.

About Sikich

Sikich offers the public and private sectors a diverse platform of professional services across consulting, technology and compliance. Highly specialized and hands-on teams deliver integrated solutions rooted in deep industry experience. Our approach is strategically and thoughtfully designed to help our clients, teams and communities accelerate success.

Sikich has approximately 2,000 team members and operates across North America, EMEA and APAC.

Sikich practices in an alternative practice structure in accordance with the AICPA Professional Code of Conduct and applicable law, regulations, and professional standards. Sikich CPA LLC is a licensed CPA firm that provides audit and attest services to its clients, and Sikich LLC and its subsidiaries provide tax and business advisory services to its clients. Sikich CPA LLC has a contractual arrangement with Sikich LLC under which Sikich LLC supports Sikich CPA LLC’s performance of its professional services. Sikich LLC and its subsidiaries are not licensed CPA firms.

“Sikich” is the brand name under which Sikich CPA LLC and Sikich LLC provide professional services. The entities under the Sikich brand are independently owned and are not liable for the services provided by any other entity providing services under the Sikich brand. The use of the terms “our company”, “we” and “us” and other similar terms denote the alternative practice structure of Sikich CPA LLC and Sikich LLC.

About ManpowerGroup

ManpowerGroup® (NYSE: MAN), the leading global workforce solutions company, helps organizations transform in a fast-changing world of work by sourcing, assessing, developing, and managing the talent that enables them to win. We develop innovative solutions for hundreds of thousands of organizations every year, providing them with skilled talent while finding meaningful, sustainable employment for millions of people across a wide range of industries and skills. Our expert family of brands – Manpower, Experis, and Talent Solutions – creates substantially more value for candidates and clients across more than 70 countries and territories and has done so for more than 75 years. We are recognized consistently for our diversity – as a best place to work for Women, Inclusion, Equality, and Disability, and in 2026 ManpowerGroup was named one of the World's Most Ethical Companies for the 17th time – all confirming our position as the brand of choice for in-demand talent. For more information, visit www.manpowergroup.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260430968703/en/

Media Contacts:
Stefanie Murphy
Senior Director, Corporate Communications
(331) 702-8964
stefanie.murphy@sikich.com

Source: Sikich