M&A Activity- Baker Tilly, Beers + Cutler Announce Merger

Baker Tilly Virchow Krause, LLP and Beers + Cutler announced today a merger between the two firms, which will become effective Dec. 1, 2009.

Beers + Cutler, an accounting and consulting firm based in Vienna, Va., will serve as the firm’s East Coast hub as Baker Tilly continues its nationwide expansion.  The company merger will result in a $250+ million firm with more than 1, 400 employees, which makes it the 13th largest accounting and consulting firm in the United States.

“When we look for merger partners, we focus on the quality of the people and the reputation of the firm, ” said Tim Christen, CEO of Baker Tilly. “There are many synergies between Baker Tilly and Beers + Cutler, and we see Washington, D.C. as a critical market as we continue to develop the Baker Tilly brand in the U.S.”

Beers + Cutler Managing Partner Ed Offterdinger will serve as the Regional Managing Partner of the firm’s East Coast practice as well as the Vice-Chairman of the firm’s Management Committee.

“Merging with Baker Tilly will allow us to better serve our clients while providing additional opportunities for our people, ” Offterdinger said.  “Many of our clients have business needs that are becoming increasingly complex, and they have high expectations of us.  Access to Baker Tilly’s deep expertise and quality resources will strengthen our ability to meet our clients’ tax, assurance and business advisory needs.”

Formerly known as Virchow, Krause & Company, LLP, Baker Tilly changed its name June 1, 2009 and became the  exclusive U.S.-branded firm in the Baker Tilly International network.  With 1, 150 employees and offices in Chicago, Detroit, Minneapolis, New York and Wisconsin, Baker Tilly provides a variety of accounting, tax, assurance and consulting services.

Founded in 1976, Beers + Cutler has expanded to more than 260 employees. Providing tax, assurance and consulting services to companies in Washington, D.C. metropolitan region and around the country, Beers + Cutler’s clients include those in industries such as automotive, financial services, higher education, hospitality and leisure, and real estate.

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