Strategic Acquisition Smith Schafer & Associates was acquired by CohnReznick LLP in early 2026, signaling a potential for cross-sell ofMidwest-based clients and expanded service capabilities through a larger network. This presents an opportunity to position complementary advisory and assurance offerings to an integrated client base.

Growth Momentum With annual revenue in the 50 to 100 million range and a multi-location footprint in Minnesota, there is appetite for scalable services, including technology-enabled accounting, advisory, and talent solutions to support expansion and onboarding of clients across industries.

Client Loyalty Recent launch of a Client Loyalty Program indicates emphasis on client retention and relationship depth. This creates a chance to propose value-added services such as strategic planning, risk assessment, and ongoing compliance programs to deepen engagement.

Talent & Recognition Multiple Top Workplace recognitions and promotions to Principal imply a strong, motivated team. This can be leveraged to offer client projects that require specialized expertise in areas like tax strategy, controllership, and outsourced finance, stressing quality and stability as a selling point.

Technology Stack Current tech includes Microsoft 365, Canva, jQuery, and other tools, suggesting openness to digital modernization. Opportunities exist to pitch modern cloud-based advisory, workflow automation, data analytics, and cybersecurity offerings tailored to mid-market CPA practices.