Baker Tilly in Talks to Acquire Moss Adams in $2bn Deal

Baker Tilly is in negotiations to acquire US rival Moss Adams in a deal worth more than $2 billion. This acquisition would elevate Baker Tilly to the position of the sixth-largest accounting firm in the United States by revenue, surpassing Grant Thornton and BDO. The move comes after Baker Tilly sold a majority stake to a private equity consortium last year, with a strategy to expand acquisitions and increase its market share in the accounting and consulting industries. If successful, the merger will boost Baker Tilly's annual revenues to over $3 billion, creating a heavyweight contender in the middle-market segment outside of the Big Four. The acquisition also highlights the growing influence of private equity in the accounting sector, promising significant returns to Moss Adams’ partners while reshaping the landscape of US accounting firms.