Baker Tilly Eyes $2bn Acquisition of Moss Adams

Deal News | Apr 10, 2025 | EIN

Baker Tilly Eyes $2bn Acquisition of Moss Adams

Baker Tilly, a prominent US advisory, tax, and assurance firm, is reportedly in talks to acquire its Seattle-based competitor, Moss Adams, for over $2 billion. The acquisition aims to bolster Baker Tilly's market presence in a consolidating accounting and consulting industry. Having recently sold a majority stake to a private equity consortium led by Hellman & Friedman, Baker Tilly is positioned to accelerate its growth strategy through further acquisitions. The merger would potentially increase Baker Tilly's annual revenues to over $3 billion, positioning it as the second largest firm in the US outside of the Big Four. Moss Adams is expected to benefit from the merger by gaining access to Baker Tilly's extensive global network. This deal highlights the ongoing trend of accounting firms moving away from traditional partnership models, with private equity investors attracted by the stable revenue streams in audit and tax services.

Sectors

  • Accounting and Consulting
  • Private Equity

Geography

  • United States – The article discusses a potential merger between two US-based firms, Baker Tilly and Moss Adams, and examines implications for the US accounting market.

Industry

  • Accounting and Consulting – The article focuses on the proposed acquisition between two major firms in the accounting and consulting sector, highlighting the industry's trend towards consolidation and private equity involvement.
  • Private Equity – The involvement of the private equity consortium led by Hellman & Friedman in Baker Tilly's growth strategy is a key aspect of the article, underscoring the role of private equity in reshaping the accounting industry.

Financials

  • More than $2 billion – The reported valuation of the proposed acquisition deal between Baker Tilly and Moss Adams.
  • More than $3 billion – The expected annual revenue for Baker Tilly following the acquisition of Moss Adams.

Participants

NameRoleTypeDescription
Baker TillyBidding CompanyCompanyA US advisory, tax, and assurance firm, seeking to expand its market presence through strategic mergers.
Moss AdamsTarget CompanyCompanyA Seattle-based local rival to Baker Tilly, subject to a potential acquisition deal.
Hellman & FriedmanPrivate Equity InvestorCompanyLed the private equity consortium that acquired a majority stake in Baker Tilly, driving its growth strategy.