Honkamp Krueger & Co., P.C.

What Honkamp Krueger & Co., P.C. does

Honkamp Krueger & Co., P.C. (operating as Honkamp, P.C., CPA & Business Advisory) is a privately held, full-service CPA and business advisory firm founded in 1947 and headquartered in Dubuque, Iowa. The firm employs approximately 315 professionals across 11 offices in eastern Iowa, Wisconsin, and Missouri, and has been recognized as a Top 10 Midwest accounting firm by Accounting Today for 15 consecutive years and as the largest Iowa-based CPA firm. Honkamp delivers a comprehensive service portfolio organized around five core practice areas (Accounting + Advisory, Assurance Services, Business Transition + Valuation, Financial Planning, and Tax Services), with over 20 specialty modules including Outsourced Controller/CFO, Cost Segregation Studies, State & Local Tax, QuickBooks Consulting, M&A Advisory, Estate Planning, and Dental/Medical Practice Consulting.

The firm operates with no proprietary technology platform, relying instead on traditional accounting and consulting methodologies supplemented by third-party integrations including Aiwyn for client payment processing and QuickBooks for client accounting workflow. Revenue is generated through fee-for-service engagements negotiated by scope and complexity, with no publicly disclosed pricing. The go-to-market is relationship-driven and sales-led, executed through the firm's 11 offices and reinforced by thought leadership content, webinars, industry events, and community engagement. Client segmentation follows a vertical approach across Agribusiness, Business & Professional Services, Construction & Real Estate, Dealerships, Dental Practices, Home Care, Manufacturing & Distribution, and Restaurants.

Honkamp has pursued a deliberate inorganic growth strategy, completing acquisitions of Short & Company (2018), Nigl Accounting LLP (2021), Schowalter & Jabouri, P.C. (2023), and The Brems Group (2024), expanding its Wisconsin and Missouri footprint while deepening vertical expertise in construction. The firm is an independently owned member of CPAmerica, Inc., providing access to over 4,000 professionals nationwide and connection to 200+ firms across 130 countries through Crowe Global. Leadership transitioned in 2023 with Katie Thomas assuming the President & CEO role, succeeding Chairman Greg Burbach, who has been with the firm since 1982. The firm holds certifications including CCIFP (Certified Construction Industry Financial Professional) at industry-leading density in Iowa, alongside CFP, PFS, ABV, CVA, and CFE credentials across its leadership.

Name

Honkamp Krueger & Co., P.C.

Legal name

Honkamp, P.C.

Website

https://honkamp.com

Company type

Private

Founded year

1947

Operating status

Operating

Headcount range

251–500 employees

Short description

Honkamp Krueger & Co., P.C. is a privately held Iowa-based CPA and business advisory firm with ~315 professionals across 11 Midwest offices, providing accounting, tax, audit, valuation, and financial planning services to mid-market and SMB clients in eight industry verticals.

Ownership category

akta.pro rank

Headquarters

HQ city

Dubuque

HQ country

United States

HQ region

North America

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure

Revenue model

1. Professional Services: Revenue generated through providing accounting, audit, tax preparation, tax planning, and business advisory services to clients across multiple industries. Services are delivered through a team of approximately 315 professionals across 11 offices in Iowa, Wisconsin, and Missouri.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Honkamp Krueger & Co., P.C. is a Top 100 CPA and business advisory firm delivering accounting, tax, audit and assurance, business valuation and transition, and financial planning services to middle-market businesses and individuals across the Midwest. It also provides specialized modules such as outsourced controller/CFO, QuickBooks consulting, franchise, dental, medical, and home care practice consulting, supported by deep industry specialization across agribusiness, construction, dealerships, manufacturing, and restaurants.

Product overview

Honkamp is a CPA and business advisory firm offering a comprehensive suite of accounting, assurance, tax, and consulting services. The core offerings include Accounting + Advisory, Assurance Services, Business Transition + Valuation, Financial Planning Services, and Tax Services. These core services are supplemented by specialized consulting modules including QuickBooks Support + Consulting, Outsourced Controller + CFO Services, Franchise Services, Location Advisory, Dental Practice Consulting, and Medical Group Practice Consulting. The firm also provides targeted subservices such as Audits, Compilations, Reviews, Quality Management Services, Peer Review Services, Divorce Support, Litigation Support, Mergers + Acquisitions Advisory, Estate Planning, Cost Segregation Studies, State & Local Tax (SALT), Business Consulting, and Strategic Planning. Honkamp serves specific industry verticals including Agribusiness, Business + Professional Services, Construction + Real Estate, Dealerships, Dental Practices, Home Care, Manufacturing + Distribution, and Restaurants.

Differentiator

Problem solved

Functional benefit

Products and services

• Accounting + Advisory Comprehensive accounting, bookkeeping, and financial statement compliance services combined with proactive business consulting including accounting software analysis, benchmarking, cash flow analysis, entity selection consulting, financial forecasting, and strategic planning for businesses and organizations.
• Assurance Services Audit, compilation, and review services delivering insight and analysis on financial statements, including agreed-upon procedures, employee benefit plan audits, internal control reviews, peer review services, and quality management services for businesses, nonprofits, and governmental entities.
• Tax Services Strategic tax planning and preparation for individuals and businesses, including state and local tax (SALT), cost segregation studies, R&D tax credits, and IRS and state tax representation across multi-state and federal jurisdictions.
• Business Transition + Valuation Business valuation, succession planning, merger and acquisition advisory, divorce financial analysis, and litigation support services for business transitions and ownership changes affecting closely-held businesses and their owners.
• Financial Planning Services Complete range of financial management services including asset management, estate planning, and retirement planning, delivered in partnership with Avantax Planning Partners for individuals and business owners.
• Outsourced Controller + CFO Services Flexible financial and accounting professional staffing solutions providing controller support, CFO-level insight, and accounting specialists without permanent headcount for businesses needing part-time or interim financial leadership.
• Mergers + Acquisitions Advisory M&A advisory services including business sale preparation, buyer/seller matching, due diligence support, valuation, and transaction negotiation, with strategic partnership through Cornerstone Business Services.
• Estate Planning Estate planning services including estate and gift tax burden reduction, asset protection, liquidity planning, and asset disposition strategies for individuals and family wealth holders.

Quantifiable outcome

• Top 10 Midwest accounting firm for 15 consecutive years
• +2 more outcomes

Named customers13 records

Segments8 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Three partnerships are on record, tiered core.

• CPAmerica, Inc.coreStrategic or Co-development PartnerHonkamp is an independently owned and operated member firm of CPAmerica, Inc., one of the largest associations of CPA firms in the United States. This membership provides instant access to expertise and resources of over 4,000 professionals nationwide, and connection to more than 200 independent accounting and advisory firms across 130 countries through CPAmerica's membership in Crowe Global.
• Avantax Planning PartnerscoreStrategic or Co-development PartnerStrategic wealth management partner that enables Honkamp to provide a complete range of financial management services, creating a true one-stop shop for all client financial needs including estate planning, retirement plans, and asset management.
• Cornerstone Business ServicescoreStrategic or Co-development PartnerStrategic partner for mergers and acquisitions services, ensuring clients have access to specialized expertise and resources throughout business transitions including buying, selling, or merging operations.

Scale indicators6 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• Crowe LLP: Crowe LLP is a Top 10 U.S. public accounting and consulting firm and the U.S. anchor of Crowe Global, the same network Honkamp accesses through CPAmerica membership. Comparable because both serve mid-market audit and advisory clients and overlap through the Crowe Global affiliation.
• Plante Moran: Plante Moran is one of the largest U.S.-headquartered accounting firms, with deep Midwest roots and industry specialization in manufacturing, construction, and healthcare. Comparable to Honkamp because both are full-service CPA firms with strong industry specialization serving Midwest mid-market clients.
• RSM US LLP: RSM US is the U.S. member of RSM International and a Top 5 global audit, tax, and consulting firm serving middle-market companies. Directly comparable because Honkamp has hired former RSM professionals (e.g., Jackie Carl, 24 years at RSM) and competes for the same mid-market audit and tax engagements.
• FORVIS (formerly BKD): FORVIS is a Top 10 U.S. accounting firm formed by the 2022 merger of BKD and Dixon Hughes Goodman, serving middle-market clients across multiple industries. Comparable to Honkamp because both target mid-market private companies with audit, tax, and advisory services and have active acquisition programs.
• Baker Tilly US, LLP: Baker Tilly is a Top 15 U.S. advisory, tax, and assurance firm with major Midwest operations. Comparable to Honkamp because both serve mid-market construction, manufacturing, and agribusiness clients with industry-specialized CPA services, though Baker Tilly operates at substantially larger national scale.
• CliftonLarsonAllen (CLA): CLA is a Top 10 U.S. accounting and advisory firm serving mid-market businesses with audit, tax, and consulting services. Comparable to Honkamp because both target middle-market private companies across U.S. regions with full-service CPA offerings, though CLA operates at significantly larger national scale.

Direct peers

• Eide Bailly LLP: Eide Bailly is a Top 25 U.S. accounting firm headquartered in the Midwest with deep presence in Iowa, Minnesota, and the Dakotas. Highly comparable to Honkamp because both are regional full-service CPA firms serving construction, agribusiness, healthcare, and manufacturing clients in overlapping Upper Midwest geographies.
• Wipfli LLP: Wipfli is a Top 25 U.S. accounting and advisory firm with strong Midwest roots and significant industry specialization in construction, manufacturing, and dealerships. Comparable to Honkamp because both compete head-to-head in regional mid-market CPA services and have grown via acquisition strategies.
• BerganKDV (now Forvis Mazars): BerganKDV was a Midwest-based CPA firm that was recently absorbed into ForvisMazars; Honkamp has hired former BerganKDV professionals (e.g., Brian Coller, 24 years at BerganKDV). Comparable as a former peer regional firm operating in Cedar Rapids, Iowa and competing for the same construction and manufacturing clients.

Regional players

• Howard L. (Hank) Sanders / Iowa-based regional CPA peer: Smaller Iowa-based CPA firms such as those serving Dubuque, Cedar Rapids, and the Quad Cities compete directly with Honkamp for the same agribusiness, construction, and small-business clients. Comparable because they share Honkamp's regional geography and target customer base, though at materially smaller scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/user/HonkampKrueger
• Facebookfacebook.com/honkampkrueger
• LinkedInlinkedin.com/company/honkamp-pc
• Instagraminstagram.com/honkamp_pc/?hl=en
• Xx.com/honkampkrueger

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Honkamp Krueger & Co., P.C.