MRZ Merger with Baker Tilly To Give Firm Foothold in Houston

Alan D. Whitman

Chicago-based Baker Tilly Virchow Krause (FY18 net revenue of $578.4 million) and Houston-based MiddletonRaines+Zapata (FY17 net revenue of $10.9 million) have announced their intention to merge by the end of the year.

“MRZ is one of the fastest-growing accounting firms in Houston,” Baker Tilly chairman and CEO Alan D. Whitman says. “They are progressive and entrepreneurial and are an ideal partner for us in Houston.”

MRZ is known for its “high-energy, hands-on client experience,” says MP Wesley Middleton. “Joining forces with Baker Tilly gives us national resources and broader capabilities to better serve our clients and provide growth and development opportunities for our team members.”

MRZ’s industry strengths are compatible with Baker Tilly’s, particularly construction and real estate, manufacturing and health care, the firms say. MRZ also specializes in the oil and gas industry. Baker Tilly’s specialization in private equity and tax credits and incentives will be a competitive addition to MRZ’s services in the Houston market.

Allan D. Koltin, CEO of Koltin Consulting Group, advised both firms on the merger. “MRZ represents the type of firm that larger firms dream of aligning with – great leadership, dynamic growth, innovation, young talented professionals and a passion for client service. Wes Middleton and his partners were courted by almost every major CPA firm in the country to become their Houston office. In the end, they loved Baker Tilly’s strategy, culture and leadership and knew it provided the best growth opportunities for their people and clients.”