Baker Tilly US LLP, a Top 10 Firm based in Chicago, plans to acquire Management Partners, a government consulting firm with offices in Cincinnati and San Jose, effective Oct. 1.
The deal will boost Baker Tilly’s public sector practice, adding a group of former local government leaders and managers with decades of experience.
Financial terms of the deal were not disclosed. Baker Tilly ranked No. 9 on Accounting Today‘s 2022 list of the Top 100 Firms. The firm earned $1.3 billion in annual revenue last fiscal year across its consulting, tax and assurance practices. Management Partners earned $6.4 million in revenue last year. Baker Tilly has 6,500 professionals, including 550 partners, while Management Partners has 96 professionals.
Management Partners specializes in strategic planning, process improvement, organization analysis, financial analysis, executive recruitment, interim management, coaching, facilitation and training for local governments.
“Management Partners has something other consultants in local government don’t. They’ve been there and understand the challenges on a personal level,” said Vicki Hellenbrand, Baker Tilly managing partner and public sector practice leader, in a statement Thursday. “Coupling that level of client trust with Baker Tilly’s solutions and scale, we will help local governments keep up with change — and even stay ahead.”
Baker Tilly already has 80 years of experience in working with the public sector and currently provides more than 3,100 governmental entities with financial, operational, risk, human capital, executive recruitment and compliance services.
The former local government officials who will be joining from Management Partners will be adding more expertise. “Helping make communities better is our passion, always has been, always will be,” said Management Partners president and CEO Jerry Newfarmer in a statement. “We needed to join with someone with that same passion. Baker Tilly has it, as well as the expanded capabilities and incredible talent to do more for our clients.”
In May, Baker Tilly added Bader Martin, a firm in Seattle. In March, Baker Tilly acquired Vanilla, an enterprise resource planning consulting firm based in the United Kingdom, effective May 1. In February, Baker Tilly acquired Orchestra Healthcare, a health care IT professional services and consulting firm based in West Palm Beach, Florida. Last November, Baker Tilly acquired The Compliance Group, a nationwide mortgage compliance and quality control organization based in Carlsbad, California, as well as the MFA Companies, a Boston-based accounting and advisory firm. Earlier in the year, the firm acquired Arnett Carbis Toothman LLP in West Virginia, as well as AcctTwo, a Houston-based technology and services company, along with Margolin, Winer & Evens, a Regional Leader firm in New York.