Baker Tilly Merges with Moss Adams in $7B Deal

Baker Tilly US and Seattle-based Moss Adams have announced a $7 billion merger that is expected to finalize in June. This strategic merger will elevate the combined entity to the sixth-largest advisory and accounting firm within the U.S. The new combined entity will operate under the Baker Tilly name with clearly defined roles: Baker Tilly US, LLP will manage audit services, whereas Baker Tilly Advisory Group, LP will handle tax and consulting services. The merger represents a significant milestone for the Baker Tilly International network, aiming to generate $6 billion in revenue by the year 2030, building on the $3 billion both firms posted collectively in 2024. This merger significantly enhances Baker Tilly's reach on the U.S. West Coast as well as within the global professional services sector, boasting operations in 143 territories with $5.6 billion in previous revenue. Leadership transitions will see Jeff Ferro as CEO until his retirement, followed by Eric Miles in 2026. Legal and financial advisors involved include Simpson Thacher & Bartlett, Vedder Price PC, and Deutsche Bank Securities, respectively. In parallel efforts to enhance growth, the UK member of Baker Tilly International, MHA, recently listed on the London Stock Exchange's AIM market.