Baker Tilly and Moss Adams, two prominent advisory and accounting firms, have agreed to merge in a deal estimated at $7 billion. This combination will result in a significantly larger entity, positioned as the sixth-largest advisory CPA firm in the United States. The merger is anticipated to be finalized by early June of this year.
This significant deal combines Baker Tilly’s strength in the Eastern and Midwestern U.S. with Moss Adams’ strong presence on the West Coast, forming a national powerhouse with over $3 billion in combined annual revenue (6th largest CPA firm in the US based on revenues).. The merger, backed by substantial investment from private equity firms (outside investors Hellman & Friedman and Valeas Capital Partners) , aims to enhance services primarily for “middle-market” companies—businesses that are larger than small startups but not giant corporations. Leadership from both firms will guide the combined entity, with Baker Tilly’s current CEO leading initially, followed by Moss Adams’ CEO taking over in 2026.
Source: Baker Tilly (press release) and WSJ