US mid-tier firm Baker Tilly Virchow
Krause (Baker Tilly) is to merge with fellow East Coast firm Beers
Beers + Cutler, which is based in Washington
DC, was founded in 1976 and has more than 260 staff. The firm
provides tax, assurance and consulting services out of offices in
Washington DC and Vienna, Virginia.
The combination will result in a $250 million
firm with more than 1,400 employees. This makes it the 13th-largest
firm in the US, covering the important economic hubs of Chicago,
Detroit, Minneapolis, New York and Washington DC.
Establishing a strong base in Washington DC is
an important part of Baker Tilly’s national expansion plans, the
firm’s chief executive Tim Christen said.
“When we look for merger partners, we focus on
the quality of the people and the reputation of the firm,” Christen
“There are many synergies between Baker Tilly
and Beers + Cutler and we see Washington DC as a critical market as
we continue to develop the Baker Tilly brand in the US.
“As independent members of Baker Tilly
International, we have been colleagues for many years. Together we
believe in the power of the network and the value it brings to our
clients around the world.”
Beers + Cutler managing partner Ed
Offterdinger will serve as regional managing partner of the firm’s
East Coast practice and as vice chairman of the firm’s management
“Merging with Baker Tilly will allow us to
better serve our clients while providing additional opportunities
for our people,” Offterdinger said.
“Many of our clients have business needs that
are becoming increasingly complex and they have high expectations
of us. Access to Baker Tilly’s deep expertise and quality resources
will strengthen our ability to meet our clients’ tax, assurance and
business advisory needs.”
According to International Accounting
Bulletin data, Baker Tilly International ranked as the
second-largest network of independent firms in the US in the year
to 30 June 2008.