Baker Tilly and Moss Adams Join Forces to Elevate Services

Transformative Merger in the Advisory and Accounting Sector

In a distinctive move that represents a pivotal shift in advisory and accounting services, Baker Tilly and Moss Adams have announced their planned merger. This strategic union aims to create the sixth largest advisory CPA firm in the nation, marking a significant enhancement in industry specialization and geographic reach.

Empowering Middle-Market Businesses

This merger is set to officially close early in June, positioning the new entity to assist middle-market businesses in navigating the complexities of today’s business landscape. With a clear vision for client success, both firms will combine their strengths under the Baker Tilly name, solidifying their commitment to delivering tailored advisory, tax, and assurance services.

Leadership Transition and Succession

Jeff Ferro, the current CEO of Baker Tilly, will retain his position as CEO of the newly formed institution through his retirement. Following him, Eric Miles, the present CEO of Moss Adams, will take over the leadership role starting January 1 of the following year. This planned transition ensures continuity and expertise at the helm of the company.

Strategic Investment for Future Growth

The merger will also see a notable investment from Hellman & Friedman, a private equity firm with existing ties to Baker Tilly. This additional funding will enable both firms to further enhance their service capabilities. Moreover, Valeas Capital Partners will increase its investment, reinforcing the financial backing necessary for the combined entities.

Combining Expertise and Resourcing

The new Baker Tilly will consist of Baker Tilly US, LLP for audit services and Baker Tilly Advisory Group, LP, which will integrate business advisory, tax, and various other services. Both of these entities will continue to operate as partnerships, allowing all principals to have equity in the business alongside their investors.

Fostering a People-First Culture

Both Baker Tilly and Moss Adams share a rich history of prioritizing their workforce’s development. They emphasize the importance of professional growth, offering pathways for mentorship and specialized resources. As they unite, this commitment to nurturing talent will only strengthen, thereby enhancing the overall service delivery for middle-market clients.

Insights from Leadership

Jeff Ferro remarked on the strategic synergy of the merger, emphasizing that Moss Adams is an ideal complement to Baker Tilly. He expressed confidence that the integration of their resources will empower middle-market businesses with enhanced expertise and capabilities.

In a similar tone, Eric Miles highlighted the expanded reach and resources provided by the merger, safeguarding the firms' commitment to delivering exceptional value to their clients. This partnership is expected to create new opportunities for innovation and collaboration.

Looking Ahead: A Bright Future

As this pivotal merger progresses, it promises to redefine the standards of advisory services in the middle market. The combined strengths of Baker Tilly and Moss Adams are poised to attract top industry talent while providing firms with opportunities to explore strategic options in an evolving sector.

Barry Melancon, a strategic advisor to Baker Tilly and former CEO of the AICPA, noted the importance of this combination. It signifies two firms at the forefront of the advisory profession joining forces, ensuring they can meet the needs of their clients as the demands of middle-market businesses evolve.

Conclusion

This merger between Baker Tilly and Moss Adams is a defining moment in the advisory and accounting industry, showcasing a commitment to growth, client value, and the nurturing of talent. This initiative signals a new era of service delivery tailored to the complexities of the middle market, setting a high benchmark for the industry.

Frequently Asked Questions

What is the significance of the Baker Tilly and Moss Adams merger?

The merger aims to create a more robust firm capable of providing exceptional advisory, tax, and assurance services to middle-market businesses.

Who will lead the combined firms?

Jeff Ferro will serve as CEO during the immediate transition, with Eric Miles set to take over as CEO in the future.

How will this merger benefit clients?

The merger will enhance service capabilities, offering clients better resources, expertise, and geographic reach.

What is Hellman & Friedman’s role in this merger?

Hellman & Friedman is providing a significant investment to support the strategic growth of the newly merged firm.

What does this merger mean for the future of accounting services?

This merger positions the new entity to set new standards in the industry, emphasizing innovation, collaboration, and client success.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

Contact Olivia Taylor privately here. Or send an email with ATTN: Olivia Taylor as the subject to contact@investorshangout.com.

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