Baker Tilly and Moss Adams Merge to Form U.S. Powerhouse

23 Apr

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A major shake-up in the global accounting scene is about to unfold: the merge of accounting firms Baker Tilly and Moss Adams forming what will be the sixth-largest accounting firm in the U.S. This move has big implications for the international market — and for South African firms watching global trends in mergers and private equity funding.

Baker Tilly, headquartered in Chicago, and Moss Adams, based in Seattle, have officially merged and will now operate under the Baker Tilly name. Together, the two firms generate more than $3.1 billion in annual revenue and employ over 11,000 staff, including more than 1,000 partners. This merger significantly expands their national footprint across the United States, bringing together strong regional presences from the East, West, and Midwest. The combined firm's strategic focus is on serving middle-market clients, enhancing advisory services, and accelerating national growth — all key areas that South African firms often track closely for emerging trends and global best practices.

Key Implications

The merger strengthens Baker Tilly’s global presence, important for international networks like Baker Tilly International (which includes South Africa).
Private equity backing is playing a big role — highlighting a trend of investor interest in large-scale professional services.
The firms aim to set a “new standard” in advisory services, not just audit and tax — a growing area of focus for SA practices too.

Why It’s a Big Deal

As global firms grow through mergers and PE funding, mid-sized firms in South Africa may face pressure to adapt, partner, or innovate to stay competitive — especially those in international networks.

This deal officially closes in June 2025, but the ripple effects are already being felt. South African firms may need to consider: