Baker Tilly and Moss Adams announce $7B merger

Baker Tilly US has announced a merger with Seattle-based Moss Adams in a $7 billion deal that will elevate the combined entity to the sixth-largest advisory and accounting firm in the United States. The merger represents a major milestone for the Baker Tilly International network and significantly strengthens its position in the global professional services market.

Expected to be finalized in early June, the combined firm will operate under the Baker Tilly name, with Baker Tilly US, LLP handling audit services and Baker Tilly Advisory Group, LP overseeing tax and consulting operations. The group aims to reach $6 billion in revenue by 2030, building on the $3 billion both firms posted collectively in 2024.

The merger also enhances Baker Tilly’s footprint on the U.S. West Coast and reinforces its global network, which spans 143 territories and generated $5.6 billion in revenue last year. Jeff Ferro (pictured right) will serve as CEO of the combined firm until his retirement, after which Eric Miles (current Moss Adams CEO) will take over in January 2026.

“This merger with Moss Adams marks a major milestone for our U.S. division and a big leap forward for Baker Tilly as a global player,” said Xavier Mercadé, CEO of Baker Tilly Spain (pictured left). “It unlocks new synergies across markets, enhances the value we bring to our clients worldwide, and opens up greater opportunities for our teams to grow, collaborate and innovate.”

Legal advisors on the deal include Simpson Thacher & Bartlett and Vedder Price PC, with Deutsche Bank Securities acting as financial advisor.

In a related development, MHA—the UK member firm of Baker Tilly International—successfully listed on the London Stock Exchange’s AIM market on April 15, with a market cap of £271 million. The IPO raised £98 million to fund strategic acquisitions and tech investments, further underscoring Baker Tilly’s global growth momentum.