Baker Tilly Mergers And Acquisitions

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Baker Tilly Acquisition Bulks Up Its Offerings For Local Governments

Operating Structures and Models, Cross Border Mergers and Acquisition and Tax Efficient Disposal Pla

Baker Tilly US LLP will acquire the local government consulting firm Management Partners to supplement the range of services its already brings to the table in its public sector practice.

Chicago-based Baker Tilly and Cincinnati-based Management Partners will close on the acquisition Oct. 1. All 96 of the firm’s professionals most who count local government management positions on their resumes will join Baker Tilly, which already offers a range of services as both an accounting firm and registered municipal advisor.

“There is some overlap to some of the services we provide and through the years Management Partners has been a formidable competitor of ours in certain spaces,” said Vicki Hellenbrand, managing partner and public sector practice leader at Baker Tilly. “But they do some services we don’t currently provide and they also have this depth of resources of people who have walked the life of a community development director or police chief and that’s really important because local governments are really unique.”

Management Partners doesn’t have registered municipal advisors among its ranks, but its management consulting services include financial planning, crafting 10-year financial forecasts, capital planning, and other work that often falls under the umbrella of municipal advisory work.

The 10-year forecast was developed while the firm was working on the Stockton, California, bankruptcy. The firm also worked with Vallejo and San Bernardino on their bankruptcies.

Gems And Real Prospects In The World Of Crypto

Have you bought crypto or are you wondering what its all about? Baker Tilly Staples Rodway Christchurch cryptocurrency specialist Matt Shallcrass was recently interviewed by Julia Malley, from crypto and bitcoin trading platform Dasset. Below, weve summarised what he had to say about the volatile but fascinating crypto space.

Merger And Acquisition Support

One of the basic criteria of running business activities efficiently is a successive growth of the business value. This goal is often achieved be means of mergers and acquisitions, which means that carrying out transactions in an optimal way is of key importance.

Securing risk, proper strategy and assessment of the transaction value are the key factors determining whether such an undertaking is successful. The ultimate success of the process to a large extent also depends on the quality of the collected information as well as taking appropriate post-trade actions in terms of system or infrastructure integration.

Involving independent experts entails numerous benefits of methodology that has proven itself time and time again and of various project experiences. The Baker TillyTPA Transaction Advisory Team is well prepared to play the leading role at each important stage of the transaction.

Our objective is to support our Client in the transaction in such a way as to ensure the highest added value.

Our range of services includes, among others:

  • financial and tax due diligence
  • valuation of business, trademarks and financial instruments
  • tax- and accounting-wise transaction structuring, maximizing the transaction value

Additionally, we provide:

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Dorian Dispenses Small Business Advice For 2023

Last week, Christchurch director Dorian Crighton appeared on The Real Solutions Business Podcast presented by Godfreys Law business owner Brad McDonald. The pair spoke about the 2023 landscape for small businesses and provided some advice for the months ahead. Heres a summary, abridged and edited for length.

Baker Tilly Acquires Vanilla: Expanding Solutions

Andrew J. Vuono

Angela MacPhee, Managing Partner of Consulting, Baker Tilly

Angela MacPhee, managing partner of consulting, Baker Tilly, said:

In one move, we become a key partner of IFS, one of the leading enterprise resource management systems in its class. Vanillas incredible talent and market reputation expands the solution possibilities for Baker Tilly clients and vice versa.

Andy Bell, director and co-founder, Vanilla, added:

We can offer our clients so much more, now with Baker Tillys resources and scale. With the firms mission and strategy, we recognized instantly what the two of us could build together.

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Baker Tilly International Mergers And Acquisitions Summary

Baker Tilly International has acquired 1 company. It has also divested 1 asset.

The Companys most targeted sectors include business services .

Join Mergr and gain access to Baker Tilly Internationals M& A summary, the M& A summaries of companies just like it, as well as recent M& A activity in the business services sector.

M& A Summary

  • M& A Buy/Sell Connections 1
  • Citizens Advises Accttwo On Acquisition By Baker Tilly

    Citizens M& A Advisory has served as the exclusive financial advisor to AcctTwo Shared Services, a provider of financial management software and solutions, on its acquisition by Baker Tilly US, LLP.

    AcctTwo delivers curated and tightly integrated technology stacks of third-party and proprietary, vertically focused software solutions that automate and enhance the customers finance and accounting function. AcctTwo is a seven-time Partner of the Year of Sage Intacct. Baker Tilly is a leading advisory, tax and assurance firm with offices across the United States and in many of the worlds leading financial centers New York, London, San Francisco, Los Angeles and Chicago.

    Baker Tilly brings AcctTwo clients significantly more resources and capabilities coast-to-coast and internationally in tax, assurance and consulting. These now include best-in-class software and business process transformation as well as outsourcing a clients entire finance and accounting function.

    Scott Rhodes, managing director at Citizens M& A Advisory, says: We were thrilled to work with AcctTwo on the sale to Baker Tilly, which strengthens its software and digital strategy for its customers. We wish the teams at AcctTwo and Baker Tilly the best of luck in this new partnership.

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    Services Provided By Baker Tilly

    The below services can be provided individually or as a package:

    • Conducting Purchase Price Allocation Exercise

    Assisting in acquisition services such as Purchase Price Allocation exercises for recognizing the impact of the investment in the books of the buyer or buyer in line with International Financial Reporting Standards .

    • Facilitating Buy-Side/Sell-Side Transaction Advisory Services
    • Responding to sales offers, formulating bids, negotiating deals and ensuring transaction closure.
    • Assisting the seller in submitting offers, evaluating bids and successfully closing the transaction.
    • Conducting Business Valuation

    Conducting business valuation of the target company and preparing a business valuation report, either to buyer or to seller.

    • Performing Due-diligence

    Conducting a thorough due-diligence of the target company and providing a due diligence report on behalf of the buyer.

    • Formulating Tax Implication Reports

    Tabulating and reporting on post-acquisition tax implications, if any, on the financial statements of the company.

    • Facilitating negotiations based on an independent framework to attain interests for all parties to finalize the deals

    Baker Tilly is a listed Investment Advisor at the Capital Markets Authority.

    Welcome To Baker Tilly Canada Corporate Finance

    Baker Tilly and RGL Forensics merge to create ‘global forensic accounting practice’

    Waterloo, ON One of the countrys largest networks of independent accounting firms, Baker Tilly Canada, is pleased to unveil an extended national service line, Baker Tilly Canada Corporate Finance .

    Formerly Renaissance Mergers & Acquisitions, the Vancouver-based firm will augment the corporate finance expertise currently provided by Baker Tilly, with expert buy- and sell-side transactions support, due diligence reviews, quality of earnings reports and capital transactions. The dedicated service line will provide added depth of service to Baker Tillys valued clients across the country.

    Baker Tilly Canada Corporate Finance specializes in managing all types of transactions for small- to mid-market companies from a diverse range of industries, filling a specialized advisory need that is often unaddressed. Our highly experienced and devoted team focuses on a segment of the market that does not usually receive attention from global consulting networks or business brokers, explains Mike McIsaac, CEO and managing director, Baker Tilly Canada Corporate Finance.

    Because we specifically serve private businesses of all sizes and complexities and are entrepreneurially driven ourselves, we are better positioned, experienced and incentivized to maximize value for our clients, as well as address all elements of transaction risk for them.

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    Baker Tilly International Announces Financial Results 201: Global Revenues Reach Us$39bn

    The Baker Tilly network announces a total combined fee income of US$3.9bn for the year ended 31 December 2019, representing a year-on-year growth of 9%.

    This represents solid year-on-year growth of 9% excluding exchange rate effects the highest growth of our network in the last decade. This has been driven predominately by strong growth of our existing member firms, both organically and through mergers and acquisitions.

    Global headcount has increased 4.7%, to 36,332 people working out of 742 offices worldwide.

    Statistics by region

    4.7%

    *Includes US$10m from The European Alliance and additional alliance structures within Europe.

    • North America had a strong year a combination of extensive M& A activity and strong organic growth.
    • Growth in Asia Pacific was led by robust organic growth in China, Japan and Australia, and the replacement of our member firm in Korea by a new, much larger firm.
    • In Africa, a merger in South Africa drove much of the regions growth, while major client wins drove revenues up across the Middle East.

    Revenues by service line

    3,639

    100.0%

    Overall growth of our member firms revenues is driven by strong growth in tax, advisory and other services. Audit, assurance and accounting services combined have remained stable and now account for less than 50% of the networks revenues.

    Coverage

    746

    Notes

    Baker Tilly Presents: Government Contractor Mergers & Acquisitions: Making The Most Of The Diligence Process

  • 1. Government Contractor Mergers& Acquisitions: Making the Mostof the Diligence ProcessBreakout Session #: F10Todd Overman, Partner, Bass, Berry & SimsAaron Raddock, Senior Manager, Baker TillyLance Novak, CFO, Military & Veterans at United HealthcareDate: Tuesday, July 26Time: 4:00pm-5:15pm
  • 2. 2Agenda Overview of the diligence process Structure of a transaction How contracts professionals can add value Pre and post-transaction risks forcontractors Top Diligence Issues for 2016 Questions
  • 3. 3Overview of the DiligenceProcess
  • 4. 4Overview of the TransactionLifecyclePrepareEngage bankerUnderstand marketIdentify strengths/weaknessesAssess readiness/timingIdentify buyers/approachCIM developmentMarketingContact approvedpartiesDevelop/delivertailored messageNDACIM distributionManagementmeetings/presentationsNegotiate/SelectLOIsScopeCompareNegotiateSelectionDueDiligenceBuyers diligenceFinancial modelingTransactionStructuringPurchaseagreementsTransaction closingIntegrationAnalyzeDevelop integrationplanExecute andmeasure success
  • 7. 7Typical Document Requests Contracts Types of Vehicles Modifications Task Orders Correspondence Subcontracts/Vendor Agreements Pipeline/Backlog Teaming Agreements/Joint Ventures IP/Software Development Records Funding Marking CPARs/Audits
  • 8. 8Sample Pipeline
  • 9. Structuring theTransaction9
  • 13. Adding Value as aContracts Professional13
  • 16. Pre and Post-TransactionConsiderations16
  • 24. Top Diligence Issues in201624
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    Accounting Firm Baker Tilly Acquires Erp Technology Consultant Vanilla

    Professional accounting firm Baker Tilly U.S. has acquired Vanilla, a technology consulting firm that specializes in the sales, implementation and support of enterprise resource planning software. Financial terms of the deal, which is expected to close on May 1, 2022, were not disclosed.

    This is technology M& A deal number 251 that ChannelE2E has covered so far in 2022. See more than 1,000 technology M& A deals involving MSPs, MSSPs & IT service providers listed here.

    Based in the United Kingdom, Vanillas specialty is IFS Cloud, a single product that delivers class-based solutions across service management, enterprise resource planning and enterprise asset management.

    Vanilla has offices in the UK, U.S. and Sri Lanka and customers across North America, Europe and the Middle East. The company was founded in 2009 and has almost 100 employees, according to LinkedIn.

    This acquisition helps ingrain Baker Tilly into the UK market and adds digital advisory services to its local capabilities, according to the company.

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