Dechert advises Moss Adams on Baker Tilly's merger plan
Published: 23rd April, 2025
Deal Seals as Sixth-Largest CPA Firm in the US
The grand unification is underway! Global law powerhouse Dechert has stepped into the limelight, orchestrating the cunning move that will see US accounting titan Moss Adams merge with the UK's Baker Tilly in a whopping USD 7 billion dollar deal.
Buckle up, people, because this partnership is about to shake up the accounting world! The savvy Dechert team, led by none other than corporate partner John D LaRocca, was at the helm of this mind-blowing business blitz. Riding shotgun were corporate associate Rachel Davies, tax partner David J Passey, and employment and labour partners Kevin Kay and J Ian Downes – a dream team if there ever was one.
With the ink barely dry on the papers, you can expect this baby to be finalized sometime in June. Here's the lowdown: Baker Tilly and Moss Adams' auditing branches will fuse, morphing into the mighty Baker Tilly US, LLP. The firms' advisory, tax, and other services? Don't worry, they won't be left out in the cold – they'll be nestled under Baker Tilly Advisory Group, LP (BTAG). Old man Jeff Ferro will keep the reins until Eric Miles, the current Moss Adams CEO, joins the party early next year. But fear not, Ferro – he's a good man, he'll remain on Baker Tilly's board.
Moss Adams's big boss Eric Miles had this to say: "With our combined forces, our people will have even more opportunities to collaborate, innovate, and grow. Our clients can look forward to a wealth of resources and greater value, as we set a new standard in middle-market advisory services."
Jeff Ferro, the CEO of Baker Tilly, couldn't contain his excitement: "Moss Adams and Baker Tilly make for the perfect duo. We've always admired each other's strengths, and we expect this merger to give us a massive boost in serving middle-market businesses."
So there you have it, folks! This merger is about to put the US accounting landscape on its ear, and the future is looking mighty fine for both firms and their clients alike. Middle-market businesses, prepare for unprecedented levels of expertise, resources, and insights courtesy of this powerful partnership!
[1] Geographic reach and industry specialization increased[2] Private equity players Hellman & Friedman and Valeas Capital Partners invest further in the combined entity[3] Strengthened capabilities in advisory, tax, and assurance services[4] Anticipated annual revenue exceeding $3 billion[5] Intensified competition among top-tier firms and potential for further industry consolidation
- With the merger of Moss Adams and Baker Tilly, the combined entity is expected to have an increased geographic reach and industry specialization.
- Private equity players Hellman & Friedman and Valeas Capital Partners have invested further in the combined entity, further strengthening its capabilities in advisory, tax, and assurance services.
- The anticipated annual revenue of the new entity, Baker Tilly US, LLP, is expected to exceed $3 billion, making it one of the top-tier accounting firms in the US with intensified competition among its peers and potential for further industry consolidation.
