Baker Tilly to Merge with Moss Adams in Strategic Move
Deal News | Apr 21, 2025 | Simpson Thacher & Bartlett
Baker Tilly has signed a definitive agreement to combine with Moss Adams, with Simpson Thacher & Bartlett advising Baker Tilly on the transaction. Private equity firm Hellman & Friedman will increase its investment in Baker Tilly alongside Valeas Capital Partners. The merger will form Baker Tilly US, LLP for audit services, and Baker Tilly Advisory Group, LP for advisory and tax services. The transaction is expected to close by early June. Baker Tilly, a prominent advisory and tax firm, operates across major US regions and is part of Baker Tilly International, which has a significant global presence. Moss Adams brings its extensive accounting, consulting, and wealth management services, with a national and international footprint supported by Praxity. The legal team from Simpson Thacher involved in this transaction spans expertise across M&A, banking, tax, IP, antitrust, and more.
Sectors
- Accounting and Auditing
- Business Advisory and Consulting
- Private Equity
Geography
- United States – Both Baker Tilly and Moss Adams operate across various locations in the U.S. and the merger creates a significant presence within the country.
- Global – Baker Tilly and Moss Adams, through international networks like Baker Tilly International and Praxity, serve clients globally.
Industry
- Accounting and Auditing – Baker Tilly and Moss Adams are both major firms in the accounting sector, providing auditing services as part of their core business operations.
- Business Advisory and Consulting – Both firms offer extensive consulting and advisory services across various industries, including tax and business strategy.
- Private Equity – The involvement of Hellman & Friedman, a private equity firm, in increasing its investment in Baker Tilly ties the transaction to the PE industry.
Financials
- Not specified – The article mentions a 'meaningful additional strategic investment' by Hellman & Friedman but does not specify the amount.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Baker Tilly | Target Company | Company | A leading advisory, tax, and assurance firm, part of Baker Tilly International. |
| Moss Adams | Merging Company | Company | A major accounting, consulting, and wealth management firm with a global clients base. |
| Simpson Thacher & Bartlett | Legal Advisor | Company | Providing legal advisory services for Baker Tilly in the merger transaction. |
| Hellman & Friedman | Investor | Company | A private equity firm increasing its investment in Baker Tilly as part of the merger. |
| Valeas Capital Partners | Investor | Company | An existing shareholder in Baker Tilly increasing its investment. |
| Atif Azher | M&A Legal Advisor | Person | Part of the Simpson Thacher team advising on M&A aspects of the transaction. |