Baker Tilly has merged with Moss Adams, resulting in the formation of the sixth-largest advisory CPA firm in the US, with combined revenues exceeding $3 billion. This strategic partnership will bring together 11,500 employees and allows Baker Tilly to retain its name while becoming part of the Baker Tilly International network. The merger reflects a wider trend of private equity's influence in reshaping the accounting industry, diversifying traditional business models and firm cultures that have historically been controlled by equity partners.
"We just added a bunch of arrows into our quiver," said Jeff Ferro, CEO of Baker Tilly, highlighting the strategic advantages of the merger in a competitive market.
The deal marks a significant shift as private equity plays an increasing role in the redefinition of the US accounting industry, challenging traditional firm cultures.
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