Q4 Sees Escalation Of Merger Announcements And Integrations For Baker Tilly International Member Firms
10 Nov 2015
The final quarter of 2015 is ending with an increase in M&A activity from a number of Baker Tilly International member firms.
Commenting on these latest mergers, Geoff Barnes, CEO and president of Baker Tilly International said: “Mergers and acquisitions are an important part of our members’ growth plans, and I’m delighted to see so many of our colleagues actively growing through this strategy. Following last year’s announcement of one of the biggest combinations in the network’s history (Baker Tilly Virchow Krause and ParenteBeard), I am excited by the opportunities these mergers provide to both colleagues and clients. As an international network, we are committed to providing exceptional client services and supporting the international expansions of our clients, as well as their domestic success. As we head into 2016 mergers between national firms will continue as firms strive to reach critical mass and develop strategic aims that may not be possible on their own”.
On 31 October, Pitcher Partners Sydney and Moore Stephens Sydney officially merged practices to create a new Pitcher Partners Sydney firm comprising of 27 partners and more than 240 staff.
On the back of the Sydney office merger, the national Pitcher Partners Association achieved success at the Australian Accounting Awards, winning Best Firm (revenue < AU$1bn), Best Graduate Programme and Thought Leader of the Year for Alexis Kokkinos (Pitcher Partners Melbourne).
Announced last week, the former Russian member of Grant Thornton has joined Baker Tilly International and is in an advanced stage of merger discussions with Baker Tilly Russaudit. The firms are now trading as Baker Tilly Russia. The combined firm is anticipating RUB1bn turnover (an equivalent of US$16m at current exchange rate), with 18 partners and over 500 employees.
Mountjoy Chilton Medley announced on 27 October that the firm will merge with Cooney Faulkner & Stevens to create a large regional practice with nearly 300 employees across five offices.
New Hampshire, USA
Effective 1 November, Albert Stowe joined Baker Tilly International member firm Baker Newman Noyes. The merger further demonstrates the firm’s commitment to service not only the Seacoast region, but also supporting growth in the Greater Boston area.
Baker Tilly Virchow Krause (Baker Tilly) and SF&Company, completed their merger on 1 November, strengthening Baker Tilly’s growing position in the Northeast region.
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