Baker Tilly, Moss Adams to Merge in $7 Billion Deal

BENGALURU, India — Advisory firm Baker Tilly announced on Monday that it will merge with Seattle‘s Moss Adams in a $7 billion deal that will establish the sixth-largest accounting firm in the United States. The merger is anticipated to be finalized in early June 2025.

This strategic union marks a significant evolution for both firms, which provide an array of accounting, tax, and consulting services. Upon completion, the merged entity will operate under the Baker Tilly name, signaling a continuation of its brand in the accounting industry.

Eric Miles, Chairman and CEO of Moss Adams, emphasized the benefits of the merger, stating, “The resources, geographic reach, and go-to-market strength of the combined firm magnifies opportunities for our people to grow, collaborate, and innovate.” This sentiment highlights the optimistic outlook for employees and clients alike, as the merged firm will combine expertise and resources.

Jeff Ferro, the current CEO of Baker Tilly, will lead the newly formed firm until his retirement, after which Eric Miles will step into the role on January 1, 2026. This leadership transition is expected to ensure continuity during the merger and its subsequent execution.

The merger’s financing will be supported by private equity firm Hellman & Friedman, which is already an investor in Baker Tilly, alongside Valeas Capital Partners. Their involvement indicates strong financial backing for the combined company.

The deal was first reported by The Wall Street Journal earlier on the same day, marking a significant development in the accounting sector as firms look to strengthen their positions in an increasingly competitive market.