
Title: Baker Tilly and Moss Adams Announce Groundbreaking Merger to Form 3 Billion Firm
April 22, 2025 New York, NY In a historic move within the accounting industry, Baker Tilly and Moss Adams have confirmed their merger, creating a powerhouse firm with a projected combined annual revenue of 3 billion. The deal, finalized today, marks one of the largest mergers in the history of professional services, shaking up the competitive landscape and creating a stronger, more diversified organization.
The merger, which has been in the works for several months, combines two top 25 accounting firms known for their exceptional expertise in audit, tax, and consulting services. The new entity will be branded as Baker Tilly Moss Adams, with over 10,000 employees across the globe, providing services to clients across industries ranging from technology and healthcare to financial services and manufacturing.
A Strategic Move for Growth
Baker Tilly, a firm based in Chicago, Illinois, and Moss Adams, headquartered in Seattle, Washington, have both long held prestigious positions in the accounting world, but their combination represents a transformative shift in the industrys dynamics. According to company statements, the goal of the merger is not only to expand their global footprint but also to bring enhanced capabilities to clients by integrating complementary service offerings.
We are excited about the possibilities this merger unlocks for our clients, our teams, and our shareholders, said Alan Whitman, CEO of Baker Tilly. This is a bold step toward accelerating our strategic objectives and strengthening our position in a competitive market. Together, we will create more value for our clients by offering deeper industry insights and a broader range of services.
Moss Adams CEO Kevin McGrath echoed similar sentiments: This merger is about growth not just in terms of revenue, but in our ability to deliver even greater value to clients across sectors. By combining our strengths, we can leverage our shared expertise to address the increasingly complex needs of the global marketplace.
What This Means for the Accounting Industry
The merger brings together two firms with complementary areas of strength. Baker Tilly is widely recognized for its expertise in the government and public sector, while Moss Adams has a strong presence in the private sector, particularly in the technology, media, and entertainment industries. The new firm will also benefit from expanded capabilities in consulting services, particularly in areas such as cybersecurity, financial technology, and business transformation.
The move is seen as a strategic one in light of the increasing demand for comprehensive business solutions. As client expectations shift towards holistic, integrated services, many accounting firms have struggled to keep pace. This merger, however, will position Baker Tilly Moss Adams as a leader in the industry, equipped to address a wide array of business challenges under one roof.
We are entering a new era in the profession, where firms must be agile, diversified, and forwardthinking. By joining forces, were not just expanding in size, but enhancing the depth and breadth of services we provide to our clients, said McGrath.
Financial Impact and Market Reactions
The financial terms of the deal have not been disclosed, but industry experts estimate the merger could create a firm with an annual revenue of approximately 3 billion, making it one of the largest accounting firms globally. This positions the new entity among the top 10 firms in the world, alongside established players such as Deloitte, PwC, and EY.
Market analysts are already predicting that the merger will have a significant impact on the competitive dynamics within the accounting industry. With clients increasingly looking for firms that can offer everything from traditional audit services to advanced consulting, this strategic consolidation allows Baker Tilly Moss Adams to effectively challenge the dominance of the Big Four.
I think this merger is a gamechanger, said Rachel Evans, a senior analyst at financial consultancy Delphi Insights. With the accounting industry facing mounting pressure to innovate, Baker Tilly and Moss Adams are positioning themselves to capitalize on the growing demand for integrated solutions. Its a smart move that will reshape the market.
Whats Next for Employees and Clients
For employees, the merger represents an exciting opportunity for professional growth and development. The newly formed firm will combine the resources, training programs, and networks of both organizations, providing employees with new opportunities for career advancement.
Were committed to maintaining the culture and values that have made both firms successful, said Whitman. Our employees will benefit from an expanded platform for growth and the chance to work with a broader range of clients and industries. We are confident that this merger will create an environment where talent can thrive.
For clients, the merger is expected to enhance service delivery across the board. The firm plans to offer even more specialized knowledge and expertise, including a stronger focus on digital transformation and industryspecific solutions. Key clients from both Baker Tilly and Moss Adams have expressed excitement about the merger and its potential to deliver greater value.
Baker Tilly and Moss Adams have long been trusted partners, and we look forward to seeing what this merger brings, said Jordan Fields, CEO of a leading tech company in California. We are confident that the combined firm will continue to deliver highquality insights and innovative solutions.
Challenges and Future Outlook
While the merger presents many opportunities, it is not without its challenges. Integrating two large organizations with different corporate cultures and operational practices can be complex. Both firms have emphasized that maintaining client service levels and employee satisfaction will be top priorities throughout the transition period.
In the long term, however, the merger is expected to be highly beneficial. By expanding its geographic reach and service offerings, Baker Tilly Moss Adams is poised to become a dominant player in the accounting and consulting industry, helping clients navigate the everevolving business landscape.
This merger is just the beginning, concluded McGrath. We have big plans for the future, and were committed to continuing to innovate and lead the way forward.
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