Media Contacts: Liz Stabenow | Eide Bailly LLP | | 701.239.

8686 Rike Harrison | Wipfli LLP | | 952.548.3504 For Immediate Release

FARGO, NORTH DAKOTA and MILWAUKEE, WISCONSIN (February 24, 2012) ± Executives of Wipfli and Eide Bailly, two prominent accounting and consulting firms that rank among the largest in the country, today announced the firms would not complete a proposed merger. The firms decided not to proceed with the proposed merger and will continue to operate as separate CPA firms. Eide Bailly managing partner and CEO Jerry Topp and Wipfli managing partner and CEO Rick Dreher said the firms decided to amicably discontinue merger discussions because they could not come to an agreement on key terms. ³We have tremendous respect for Eide Bailly, its partners and staff,´ said Wipfli¶s Mr. Dreher. ³In the end, each firm decided it was more appropriate to remain independent.´ Eide Bailly¶s Mr. Topp said, ³Wipfli and Eide Bailly are two very successful firms serving distinct markets. We were friendly competitors before, and we will continue to be friendly competitors in the marketplace as we move forward.´ About Eide Bailly Fargo-based Eide Bailly LLP is a regional certified public accounting and business advisory firm that serves more than 40,000 clients from 19 offices in nine states. With nearly 1,200 partners and staff members, Eide Bailly is ranked by Accounting Today as the 24th largest CPA firm in the nation and as a Top 5 Pacesetter in Growth (March 2011). Since 1917 the firm has provided private and publicly held businesses with audit, accounting and tax services, as well as specialty services, including employee benefits, enterprise risk management, financial services, forensic and valuation, technology consulting, training and development, transaction services and wealth management. Eide Bailly is an independent member firm of HLB International, a worldwide network of professional accounting firms and business advisors that is comprised of more than 14,000 professionals located in 500 offices across more than 100 countries. About Wipfli Milwaukee-based Wipfli, LLP is a multi-discipline professional services firm of 138 partners, 1000 associates, 20 U.S. offices (two in India) and six industry practices. Wipfli is also an independent member of PKF International Limited, the tenth largest global accounting network in the world. -MORE-

Wipfli is a trusted business advisor to more than 30,000 clients including: manufacturers, construction companies, contractors and developers, real estate companies, health care organizations, financial institutions, insurance companies, nonprofit organizations, units of government, dealerships, and individuals. The firm serves businesses of various sizes, from large public and private companies, to closely held family-owned businesses. Wipfli helps clients streamline processes, improve performance, leverage the right technology, or increase financial success by offering innovative, effective, and personalized services to help clients overcome their business challenges today and plan for tomorrow.


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