The story
In 1987 Summit International Associates, Inc. is incorporated. The network is represented in 20 countries by 50 firms, with combined revenues of US$200m. It ranked 22nd in the world in that moment.
2000 Stephen Flesch stepped down as CEO and President of the network after 13 years in the role. Geoff Barnes, is appointed the new CEO. The network's global office moves from New York to London. In 2003 the network breaks into the top 10 of the International Accounting Bulletin World Survey (where it remains today).
In 2008 Virchow Krause, LLP, the network's largest US member firm, announced it would rebrand as Baker Tilly, LLP, taking the Baker Tilly brand into the US market place.
Baker Tilly International announced in September 2014 that the UK firm MHA Macintyre Hudson (now just known as MHA) had joined its network replacing the former UK Baker Tilly firm who had joined RSM International earlier that year.
After leading the network for 16 years, Geoff Barnes retired from the role of CEO in 2016. Baker Tilly International's Board of Directors unanimously voted EMEA regional chairman, Ted Verkade, as chief executive officer from 1 July that year.
In 2019 the network unveiled a new logo, visual identity and a new slogan: 'Now, for tomorrow'.
In August 2020, Baker Tilly US, LLP and Squar Milner, LLP, announced to merge effective on 1 November 2020. The joint venture name is Baker Tilly US. In November 2021 Baker Tilly US announced multiple acquisitions including New York–based Margolin, Winer & Evens LLP, one of the largest regional accounting and business advisory firms in the Northeast increasing Baker Tilly's New York team to nearly 400 professionals and West Virginia-based accounting and consulting firm Arnett Carbis Toothman, LLP. The firm also announced that it would enter Boston with the acquisition of The MFA Companies and acquire California-based The Compliance Group. In May 2022 Baker Tilly US announced the acquisition of Seattle-based accounting firm Bader Martin, in August local government consulting firm Management Partners and in September tax consultancy firm True Partners Consulting.
In December 2021 top 50 UK law firm Freeths became the first stand-alone legal practice in Europe to join Baker Tilly International continuing the global network's expansion into commercial law.
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In September 2022 Baker Tilly Spain announced details of a merger with the M&A, ESG and Real estate advisory services firm AddVANTE. The newly combined entity will rank among the top 12 business advisory firms in Spain, with a team of more than 375 professionals across 10 offices.
On 16 March 2022, Baker Tilly International announced that it was separating member firms in Russia and Belarus from its global network saying that "this decision is a direct consequence of the actions of these governments, and not the individuals of these countries."
On 1 June 2022, Baker Tilly International announced the appointment of Francesca Lagerberg as their new CEO. She is the first British woman to be the global CEO of a top 10 accounting firm or network. She regular appears in the media talking about accounting sector and industry issues.
In February 2023 Baker Tilly International announced revenues of $4.66bn reflecting a 13% increase in constant currency terms on the last financial year. In North America revenues topped $2bn and in Asia Pacific $1bn for the first time.
In 2023 Baker Tilly's UK member firm MHA announced several mergers with smaller firms in Wales, the North West of England and Scotland.
In February 2024 Baker Tilly International announced revenues of $5.17bn with growth across all regions and service lines.
In February 2024 Baker Tilly US also announced the sale of majority stake to private equity firms Hellman & Friedman (H&F) and Valeas Capital Partners. As part of the transaction, Baker Tilly stated plans to adopt an alternative practice structure. Jeff Ferro, the firm's CEO, was named chief executive officer of Baker Tilly Advisory Group LP, which would include the firm's advisory, tax, and consulting services. Jere Shawver, then managing partner for risk and assurance, was appointed CEO of Baker Tilly US LLP, the licensed CPA firm responsible for attest services.
January 2025 saw the announcement by Baker Tilly Netherlands that they had entered into a strategic partnership with investment company Inflexion who acquired a minority interest in the firm through its Partnership Capital Fund III.
In April 2025 MHA floated on the Alternative Investment Market in an unusual move for a professional services firm.
Later that same month Baker Tilly US agreed to merge with Moss Adams in a transaction valued at approximately $7 billion, aiming to become the sixth-largest U.S. CPA advisory firm.
From Wikipedia’s article on Baker Tilly International, shared under CC BY-SA 4.0.4