US accounting firms Baker Tilly Advisory Group LP and Moss Adams LLP said Monday they will merge to compete as a middle market leader in a deal valued at $7 billion.
The merger comes a year after Chicago-based Baker Tilly closed a private equity transaction with third-party investors Hellman & Friedman and Valeas Capital Partners. The two private equity sponsors agreed to increase their investment in the newly combined entity in a transaction set to close in June, the firms said in a joint statement.
Once united, the new Baker Tilly will bring in more than $3 billion ...