3700 Old Redwood Hwy Ste 200, Santa Rosa, CA, United States of America, 95403
CHICAGO and SEATTLE (April 21, 2025) – In a transformative move that redefines advisory and accounting services for the middle market, Baker Tilly and Moss Adams today announced their planned combination to create the sixth largest advisory CPA firm in the US. Expected to close in early June of this year, the combination strengthens the firms’ industry specialization, expands its geographic reach and enhances its capabilities across advisory, tax and assurance services.
With complementary strengths and a shared commitment to client success, Baker Tilly and Moss Adams will unite under the Baker Tilly name, forming a leading firm positioned to help middle-market businesses navigate an increasingly complex environment. Jeff Ferro, CEO of Baker Tilly, will serve as CEO of the combined firm through his retirement, with Eric Miles, currently Moss Adams CEO, named CEO-elect. Miles will assume the role of CEO on January 1, 2026, with Ferro remaining a director on Baker Tilly’s board thereafter.
As part of this transaction, private equity firm Hellman & Friedman (H&F), an existing investor in Baker Tilly, will make a meaningful additional strategic investment in the business, with existing shareholder Valeas Capital Partners (Valeas) also increasing its investment. Following the deal close, Moss Adams and Baker Tilly’s audit business will combine as Baker Tilly US, LLP and the firms’ business advisory, tax and other services will combine under Baker Tilly Advisory Group, LP (BTAG). Both entities will remain partnerships, with all principals holding equity alongside H&F and Valeas in BTAG.
Jeff Ferro, CEO of Baker Tilly, underscored the strategic alignment between the two firms: “Moss Adams is a great strategic fit with Baker Tilly. We’ve long respected the firm, its people and its industry-focused approach. By bringing together our strengths, we are expanding our ability to serve middle-market businesses with greater expertise, resources and insights.”
Eric Miles, Chairman and CEO of Moss Adams, emphasized the benefits to clients and professionals: “The resources, geographic reach and go-to-market strength of the combined firm magnifies opportunities for our people to grow, collaborate and innovate. We are proud to offer our clients these expanded resources to deliver even greater value and set a new standard for advisory services in the middle market.”
Blake Kleinman, Partner at H&F, commented: “Since we invested in Baker Tilly, we have been focused on building a differentiated firm with the ambition to change the game in the middle-market accounting industry. This landmark merger between Baker Tilly and Moss Adams is an important step in creating a firm that will be the destination of choice for the industry’s best talent and for firms considering their strategic options in a rapidly evolving sector.”
Both firms have a century-old history and commitment to fostering a people-first culture, supporting professionals with career development pathways, mentorship and specialized resources. This commitment to people and delivering on behalf of middle-market clients will be strengthened as they combine forces.
Barry Melancon, strategic advisor to Baker Tilly, former longtime AICPA CEO and independent chair-elect of the Baker Tilly International board of directors, highlighted the relevance of the transaction: “The CPA and advisory profession requires firms to operate effectively at the local, national and global levels. This combination brings together two firms at the forefront of the profession, further empowering them to deliver on their commitment to serving their clients as the needs of middle-market businesses evolve.”
Simpson Thacher & Bartlett LLP and Vedder Price PC served as legal advisors to Baker Tilly. Deutsche Bank Securities Inc. served as financial advisor and Dechert LLP as legal advisor to Moss Adams.
Baker Tilly is a leading advisory, tax and assurance 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, Chicago and Boston. Baker Tilly Advisory Group, LP and Baker Tilly US, LLP (Baker Tilly) provide professional services through an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable laws, regulations and professional standards. Baker Tilly US, LLP is a licensed independent CPA firm that provides attest services to its clients. Baker Tilly Advisory Group, LP and its subsidiary entities provide tax and business advisory services to their clients. Baker Tilly Advisory Group, LP and its subsidiary entities are not licensed CPA firms.
Baker Tilly Advisory Group, LP and Baker Tilly US, LLP, trading as Baker Tilly, are independent members of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 143 territories, with 43,500 professionals and a combined worldwide revenue of $5.62 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Instagram.
Moss Adams LLP is a leading accounting, consulting and wealth management firm serving clients nationally and globally. The firm’s more than 4,800 professionals operate from 30 locations across the U.S. and leverage Praxity, a global alliance of independent accounting firms, to meet client needs in 110 countries internationally. Assurance, tax, and consulting are offered through Moss Adams LLP. ISO/IEC 27001 services are offered through Moss Adams Certifications LLC. Investment advisory is offered through Moss Adams Wealth Advisors LLC. Services from India provided by Moss Adams (India) LLP. For more than 112 years, Moss Adams has empowered clients to embrace opportunity. Learn more at mossadams.com.
Hellman & Friedman is a preeminent global private equity firm with a distinctive investment approach focused on a limited number of large-scale equity investments in high-quality growth businesses. H&F seeks to partner with world-class management teams where its deep sector expertise, long-term orientation, and collaborative partnership approach enable companies to flourish. H&F targets outstanding businesses in select sectors, including technology, financial services, healthcare, consumer services & retail, and information, content & business services. Since its founding in 1984, H&F has invested in over 100 companies and has over $115 billion in assets under management as of December 31, 2024. Learn more about H&F’s defining investment philosophy and approach to sustainable outcomes at www.hf.com.
Event Type: Webinar
Event Date: 02/25/2025
For numerous organizations, the key consideration with generative AI isn’t whether to adopt the technology, but rather, how to leverage it effectively to achieve improved business outcomes. Generative AI is revolutionizing operational efficiency by providing tools that streamline workflows, enhance compliance, and improve access to critical knowledge.
Join us for a webcast, Learn the Business Value of Generative AI, to dive into how generative AI transforms the way teams interact with each other through operational efficiency.
We’ll discuss:
February 25, 2025 10:00 AM PT - 30 minutes
Speakers
Loren Den Herder, Managing Director, Moss Adams
K.C. Fike, Senior Manager, Moss Adams
Event Type: Webinar
Event Date: 11/21/2024
Join us for Navigating the Tax Cuts and Jobs Act (TCJA) for the Wine Industry, an insightful webcast specifically tailored for the wine industry, focusing on the implications of the TCJA. This session will delve into how the TCJA affects wineries, vineyards, and related businesses, providing crucial information for navigating the evolving tax landscape.
Key topics included:
November 21, 2024 10:00 AM PT
A food and beverage company with both e-commerce and brick and mortar channels and over 400 employees.
The client had disparate processes and systems due to high growth across multiple channels, including e-commerce and brick and mortar retail.
There was a lack of visibility into key metrics like sales, financials, manufacturing, and distribution. Additionally, the absence of automation was becoming costly given their growth trajectory.
Moss Adams performed a systems assessment and uncovered key immediate and long-term requirements to meet their business objectives:
With the holistic view the client needed into their business to be successful, Moss Adams determined NetSuite was the best system to support their rapid growth and business model.
For more information on how systems assessment and selection, implementation or NetSuite can fit your industry and business needs, please contact your Moss Adams professional.
From fast-growing startups to global enterprises, NetSuite powers businesses across a variety of industries. NetSuite provides cloud financials, customer relationship management (CRM), e-commerce, human capital management (HCM), and professional services automation management for all organizations from fast-growing midsize companies to large global organizations. Additionally, each component of NetSuite is modular, enabling it to be deployed and integrated with existing investments as required.
With more than 36,000 customers running NetSuite worldwide and dependent territories, some of the world's most innovative organizations trust NetSuite and take their financial and operational processes to the cloud.
Event Type: Reception
Event Date: 04/30/2024
Location: Paradise Ridge Winery - Santa Rosa, CA
Join us at the picturesque Paradise Ridge Winery in Santa Rosa, California, for our annual Wine Industry Financial Roundtable for lunch, networking, and an industry-specific panel discussion.
The event begins at 12:00 p.m., but check-in begins at 11:30 a.m. Please feel free to bring a bottle of wine to share. We look forward to seeing you.
Panel topics include:
• Update on Q1 wine sales
• Insights on the 2024 bulk wine and grape conditions
• Hot topics facing the wine industry in the next 18–24 months
Capacity is limited—please register early.
Note to service providers: We’re limiting service providers, so please don’t forward to other providers. Thank you in advance for your cooperation.
Event Type: Webinar
Event Date: 01/31/2024
Technology can streamline the flow of data between systems and deliver timely, accurate information to help your team make informed decisions, freeing you up to focus on what matters most—growing your business.
However, many wineries find themselves bogged down with multiple software systems that don’t integrate. This can have significant costs, including errors and wasted time.
Join us for our webcast, Grow Your Winery with Technology. We’ll discuss how you can successfully integrate your systems and align your technology solutions to your business objectives. We’ll also discuss:
January 31, 2024 11:00 AM PT
Michael has worked in the technology consulting industry for more than 25 years. He leads the Enterprise Systems Consulting Practice at Moss Adams where he provides consulting services related to enterprise resource planning, human capital management, client relationship management, and enterprise software to clients on a global and national basis. Prior to joining Moss Adams, Michael was a leader in the cloud solutions practice of a Big Four firm, where his responsibilities included customer success, practice management, and revenue attainment.
A 25-plus year veteran of the wine industry, Bill works with winery and vineyard clients to assist them in successfully navigating the operational and financial challenges of running their businesses. Bill helps clients identify and track key operational and financial performance indicators to gauge progress and improve accountability across teams. He also evaluates an operation’s talent, systems, policies, and procedures to identify ways to improve.
Join us on July 11 for a Lunch Roundtable with experts from Moss Adams and Silicon Valley Bank for a Wine Industry Update and Tools for Success. During this in-person program we’ll discuss the following topics:
July 11, 2023 - Agenda:
11 AM: Welcome and registration
11:30 AM–1 PM: Presentation
1 PM–1:30 PM: Networking
Speakers
Event Type: Reception
Event Date: 07/11/2023
Location: Flamingo Resort & Spa Santa Rosa, CA
Join us for our webcast, How to Perform a Successful Business Performance Assessment. We’ll explain the process of performing a high-level business performance assessment (BPA) for wineries and address other topics, including:
April 6, 2023, 10am–11am PT
Speaker:
Bill has worked with clients in the wine industry for more than 25 years and has been solving operational challenges for vineyard and winery clients since 2006. He works with owners and managers to successfully develop and manage their winery operations and build their brands, providing guidance in strategic planning, sales and marketing, and winery and vineyard production and development. Prior to joining Moss Adams, Bill held executive management positions leading and running estate winery operations ranging from start-ups and turnarounds to highly successful winery businesses.
Moss Adams LLP has been in business for more than 104 years. The 11th largest accounting and consulting firm in the United States, Moss Adams is the largest headquartered in the West. With more than 27 locations in Washington, Oregon, California, Arizona, New Mexico, Kansas, and Texas, our staff of over 2,600 includes more than 260 partners, we are ready to serve you.
Our Wine Industry Group
Moss Adams’ commitment to providing business solutions to vineyards and wineries of all sizes starts with the professionals who make up our team. Each specialist has proven business and finance expertise coupled with deep knowledge and experience in the wine industry.
We offer a wide variety of accounting, tax, and business consulting services tailored to meet the specific needs of today's wineries and vineyards.
Find out why more than 300 wine industry clients trust our team, from start-up to maturity. We're more than an just an accounting firm to our clients. We're a trusted advisor.
Title | Name | Phone | Extension | |
---|---|---|---|---|
Business Development Executive | Jim Pidgeon | jim.pidgeon@mossadams.com | 415-677-8222 | |
Wine National Practice Leader | Jeff Gutsch | jeff.gutsch@mossadams.com | 707-535-4109 | |
Business Development Executive | Ted Grafe | ted.grafe@mossadams.com | 707-535-4146 | |
Tax Partner | Michael Ricioli | michael.ricioli@mossadams.com | 707-535-4142 |
Locations | Address | State | Country | Zip Code |
---|---|---|---|---|
Moss Adams LLP | 3700 Old Redwood Hwy Ste 200, Santa Rosa | CA | United States of America | 95403 |