Baker Tilly Expands Further into Texas Market with Merger

Chicago-based Baker Tilly (FY18 net revenue of $578.4 million), the 13th largest accounting firm in the country, has announced a merger with  Plano, Texas-based Montgomery Coscia Greilich (FY17 net revenue of $54 million).

The combination is expected to finalize on June 1, and is seen as way to expand the firm’s presence in Texas, where the firm already has office in Houston, Dallas, Austin and Fort Worth.

Alan Whitman, Baker Tilly CEO, calls Montgomery Coscia Greilich (MCG) one of the fastest-growing firms in the country – “a real testament to their progressive culture, innovative approach to business and deep-rooted relationships.”

Baker Tilly says MCG’s expertise in assurance, tax services, sales and use tax, and consulting services complement its own industry specializations in manufacturing and distribution, private equity, health care, real estate and international services.

“There is genuine respect and a strong cultural alignment between MCG and Baker Tilly,” MCG MP Gary Boyd said in a statement. “Each firm has an entrepreneurial spirit that brings together exceptional talent and complementary skillsets with a focus on people and a commitment to maximizing client value.”

Allan Koltin, CEO of Koltin Consulting Group, who advised both firms in the deal says MCG is a firm that has grown quickly through organic growth. “Equally impressive is the outstanding talent and leadership they have been able to attract. Baker Tilly is well on their way to becoming a national powerhouse – while keeping their entrepreneurial culture and passion for serving clients. These fundamentals shared by MCG are ultimately what brought the two firms together.”

Last fall, the firm expanded to Houston by merging in MiddletonRaines+Zapata. In August, Baker Tilly merged in RGL Forensics, a global financial investigations and forensic accounting firm. Earlier this month, Baker Tilly announced a three-way combination with municipal advisory firms Indianapolis-based H.J. Umbaugh and Associates (FY17 net revenue of $24.2 million) and Springsted Inc., which has eight offices around the country.


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