M&A Deal Summary

Baker Tilly Acquires Moss Adams

On April 21, 2025, Baker Tilly acquired business services company Moss Adams for 7.0B USD

Acquisition Highlights
  • This is Baker Tilly’s 13th transaction in the Business Services sector.
  • This is Baker Tilly’s largest (disclosed) transaction.
  • This is Baker Tilly’s 14th transaction in the United States.
  • This is Baker Tilly’s 1st transaction in Washington.

M&A Deal Summary

Date 2025-04-21
Target Moss Adams
Sector Business Services
Buyer(s) Baker Tilly
Deal Type Merger
Deal Value 7.0B USD
Advisor(s) Deutsche Bank Corporate & Investment Banking (Financial)
Dechert (Legal)

Target

Moss Adams

Seattle, Washington, United States
Moss Adams is a fully integrated professional services firm dedicated to assisting clients with growing, managing, and protecting prosperity. The company works with many of the world’s most innovative companies and leaders. Its strength in the middle market enables it to advise clients at all intervals of development from start-up, to rapid growth and expansion, to transition. Moss Adams was formed in 1913 and is based in Seattle, Washington.

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Buyer(S) 1

Buyer

Baker Tilly

Chicago, Illinois, United States

Category Company
Founded 1931
Sector Business Services
DESCRIPTION

Baker Tilly is an advisory CPA firm, providing clients with a genuine coast-to-coast and global advantage in major regions of the U.S. and in many of the world’s leading financial centers (New York, London, San Francisco, Los Angeles, and Chicago). Baker Tilly was founded in 1931 and is based in Chicago, Illinois.


DEAL STATS #
Overall 15 of 16
Sector: Business Services M&A 13 of 14
Type: Merger M&A Deals 1 of 1
State: Washington M&A 1 of 1
Country: United States M&A 14 of 15
Year: 2025 M&A 3 of 4
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-02-27 Hayflich

Huntington, West Virginia, United States

Hayflich is a regional accounting firm that provides a full range of audit, accounting, tax, and management advisory services. Hayflich is based in Huntington, West Virginnia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-06-18 Sockeye

Anchorage, Alaska, United States

Sockeye provides finance, accounting, and project management solutions for growing firms across North America. They guide companies in modernizing their accounting software and back-office operations to take advantage of cloud-native technology to scale their business. Its specialized teams have deep expertise in serving construction firms, non-profit organizations, and Alaska Native Corporations. Sockeye was formed in 2000 and is headquartered in Anchorage, Alaska.

Buy -