Eide Bailly Picks Up Sioux Falls Firm

South Dakota's largest accounting firm, Eide Bailly, is acquiring Henry Scholten & Co. The deal merges two of the leading firms in Sioux Falls, and positions the combined operation "to secure more business from national firms," Eide Bailly's Kevin Doyle told the Argus Leader.

The nine partners and 45 staff members from Henry Scholten will increase Eide Bailly's ranks to more than 170. The company will continue hiring throughout the year, with plans to open a new building in the next two or three years, Doyle said.

Eide Bailly has 14 offices in eight states from Arizona to Minnesota. The firm had revenue of about $84 million in 2006, according to Public Accounting Report, making it the 23rd largest firm in the country. It has about 56 partners and more than 530 professionals on-staff.

Accounting merger could create jobs [Argus Leader]