CHICAGO (Aug. 13, 2020) – Leading accounting and advisory firm Baker Tilly US, LLP (Baker Tilly) and Squar Milner, LLP, one of the largest California-based independent accounting firms, announce the combination of their firms effective Nov. 1, 2020. The name of the combined firm will be Baker Tilly US.
“We are creating a new organization with substantial scale – a true combination of two leading advisory CPA firms that are forward-thinking and future-leaning,” Baker Tilly CEO Alan Whitman said. “Together we are driving progress for a new world, combining our knowledge and expertise to guide our clients through anything.”
California’s vast and diverse economy is the fifth largest in the world. Squar Milner’s explosive growth and strong position in the Golden State is driven by their expanding client relationships and their professionals’ on-the-ground local presence and knowledge of the state’s unique markets. Squar Milner has eight California locations – San Diego, three offices in the Silicon Valley and the Bay area, three offices surrounding Los Angeles and their headquarters in Orange County.
In the past 24 months, Baker Tilly expanded into Texas and bolstered its capabilities with several strategic acquisitions in data analytics, municipal advisory, global forensic accounting, valuation and litigation services, and outsourced accounting.
The new Baker Tilly will have top-notch talent and critical mass in many of the world’s leading financial centers – New York, London, San Francisco, Los Angeles and Chicago. Additionally, Baker Tilly US is the largest member of the Baker Tilly network, the world’s 10th largest global network of independent accounting and business services firms. Combined, Baker Tilly will have 4,300 professionals.
“We are still very much dedicated to serving our California communities, and we are delighted to have the coast-to-coast and global advantage,” Squar Milner Managing Partner Stephen Milner said. “Our firms are likeminded in our commitment to our clients, support for our profession and putting people at the center of it all.”
Allan Koltin, CEO of the Koltin Consulting Group, is well-known and respected in the accounting industry and a go-to advisor for the Top 500 CPA firms. “This combination can be a game-changer for our profession as Baker Tilly approaches that significant revenue threshold of $1 billion. They have scale to innovate and stay ahead of the curve while keeping their entrepreneurial and agile edge. Alan Whitman and Steve Milner make a great team.”
At a June 2020 meeting of major accounting firms, AICPA CEO Barry Melancon, CPA, CGMA, commented on the strength of the profession and benefit to clients when larger diversified firms differentiate their expertise and embrace technology. "The accounting profession continues to be an example of resiliency, even in our current economic environment, maintaining a strong commitment to clients, employees, students and the public interest.”
Baker Tilly US, LLP (Baker Tilly) is a leading advisory, tax and assurance firm whose specialized professionals guide clients through an ever-changing business world, helping them win now and anticipate tomorrow. Headquartered in Chicago, Baker Tilly, and its affiliated entities, have operations in North America, South America, Europe, Asia and Australia. Baker Tilly is an independent member of Baker Tilly International, a worldwide network of independent accounting and business advisory firms in 146 territories, with 36,000 professionals. The combined worldwide revenue of independent member firms is $3.9 billion. Visit bakertilly.com or join the conversation on LinkedIn, Facebook and Twitter.
Baker Tilly US, LLP is a member of the Baker Tilly International network, the members of which are separate and independent legal entities. Baker Tilly refers to the global network of accounting firms of Baker Tilly International Limited. Baker Tilly International Limited does not provide services to clients.
Squar Milner is one of the nation’s largest accounting firms as well as one of the largest independent accounting and advisory firms in California and the Western United States. They feature offices throughout California and the Cayman Islands.
The firm provides high-end tax, audit, accounting, and consulting services to closely held businesses and SEC companies, their owners, and middle-to-high net worth individuals. Squar Milner also provides high quality consulting in connection with litigation support, bankruptcy and forensic accounting, financial planning, business management and CFO advisory services.