Baker Tilly, an advisory, tax, and assurance firm, has unveiled its intention to acquire KraftCPAs, which is headquartered in Nashville, Tennessee.
The acquisition will enhance the firm’s presence in the Southeast.
KraftCPAs chief manager Chris Hight said: “Our firms share a commitment to high-quality service and a culture rooted in collaboration and integrity.
“By joining Baker Tilly, we’re expanding what’s possible for our clients and giving our team exciting new paths to grow and thrive.”
KraftCPAs, with more than 60 years of experience, offers assurance, tax, and advisory services.
It specialises in industries such as construction, healthcare, manufacturing, nonprofits, professional services, real estate, along with private equity.
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By GlobalDataThe integration of KraftCPAs’s local presence as well as Baker Tilly’s national resources is expected to help meet growing demand for specialised solutions.
This acquisition follows Baker Tilly’s merger with Moss Adams, which is set to create the “sixth-largest” advisory compulsory personal accident (CPA) company in the US.
As per the Wall Street Journal, the Moss Adams deal is valued at $7bn.
Baker Tilly Eastern US managing principal Monica Dalwadi said: “This combination is about bringing together two like-minded firms to better serve our clients and communities.
“KraftCPAs brings not only deep local roots, but also industry expertise that strengthens our presence in the Southeast — a region where we’re focused on strategic, long-term investment.”
