05 FEB 2025 / M&A UPDATES

Baker Tilly Secures Private Equity Investment in Largest CPA Transaction to Date

- MYCPE ONE Insights Team

Summary

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Baker Tilly, a top US advisory CPA firm, has secured a strategic investment from private equity firms Hellman & Friedman and Valeas Capital Partners, marking the largest private equity deal in the American CPA sector. This financial injection will enable Baker Tilly's growth acceleration through hiring, developing technology, and strategic acquisitions to improve service offerings; it emphasizes the company's prominent industry position and anticipates industry transformation.

Baker Tilly Secures Strategic Investment to Accelerate Growth

Baker Tilly, a leading advisory CPA firm, has announced a strategic investment from private equity firms Hellman & Friedman and Valeas Capital Partners. This investment, expected to close in early June 2024, marks the largest private equity transaction in the U.S. CPA sector to date.

Firm Overview

Baker Tilly is a top 10 advisory CPA firm in the United States, with a workforce that has doubled over the past five years through national and international expansion.

Strategic Significance

The investment will enable Baker Tilly to accelerate growth by investing in talent, technology, and strategic acquisitions, enhancing its ability to provide best-in-class client services.

Leadership Perspectives

Jeff Ferro, CEO of Baker Tilly, expressed enthusiasm about the partnership, stating, "We are extremely proud to join forces with H&F and Valeas, blue-chip and growth-oriented private equity investors, who support our vision, recognize the value we've already created, and see our vast future potential."

Blake Kleinman, Partner at Hellman & Friedman, added, "Our investment in Baker Tilly builds on H&F’s long history of successful partnerships in the professional services sector. Baker Tilly has built a remarkable firm with an empowering culture, tremendously talented workforce, and impressive track record of growth through outstanding client service and smart acquisitions."

Ed Woiteshek, Co-Founder and Managing Partner of Valeas, stated, "As a top global brand in accounting, tax, and advisory with a strong track record of value creation and growth, Baker Tilly is uniquely positioned to lead the transformation of the industry."

This strategic investment positions Baker Tilly for continued growth and enhanced service delivery to its clients.

Until next time…

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