Baker Tilly to Sell Majority Stake to Investment Group

Hellman & Friedman and Valeas Investment Group will purchase a majority stake in Baker Tilly US accounting firm for over $2 billion, in a

transaction expected to close early June and becoming one of the biggest deals ever done among U.S. advisory CPA firms. Furthermore, this transaction will give Baker Tilly US access to funds that will allow it to make acquisitions of mid-market competitors RSM Grant Thornton BDO among others.

At a time when firms are seeking ways to diversify their client base, expand revenues and reduce expenses, this sale marks another effort by many firms to diversify client bases, increase revenues and cut costs through asset sales or mergers with other firms and find private equity investors.

Baker Tilly will use its PE infusion to pursue further acquisitions while still providing top-tier client service and building long-term partnerships with clients. Furthermore, this investment offers Baker Tilly an opportunity to strengthen its national public sector practice by adding capabilities and expanding internationally.

This development marks a monumental leap for the advisory services industry and highlights an unprecedented surge in demand. Companies seek reliable advisors to guide them through complex financial and regulatory challenges; as this trend increases further, more firms may seek investments such as this to remain competitive and expand.

Rooted in Waterloo, Wisconsin during the Great Depression in 1931 when Ed Virchow established his own audit practice providing services to struggling canning companies, the firm has grown over time into one of the nation’s premier advisory and tax firms with an international reach.

Baker Tilly US offers the perfect opportunity for those interested in consulting or finance to break into either industry – be it consulting or finance. Their nationwide and global network offers plenty of chances to network and form lasting relationships within your field, plus their reputation for treating team members well and creating an environment conducive to growth is second to none; additionally they have numerous programs dedicated to diversity and inclusion such as GROW and SOAR which promote diversity within their workforce.