Baker Tilly Virchow Krause LLP has reached terms to acquire the Washington, D.C.-based accounting firm Beers + Cutler, effective Dec. 1. Terms of the acquisition were not disclosed.
Baker Tilly is headquartered in Chicago. However, its administrative team is based in Madison.
The firm now has more than 1,150 employees. After the acquisition is completed, it will have more than 1,400.
Beers + Cutler’s offices in the Washington area will serve as Baker Tilly’s east coast hub while the firm continues to expand on the east coast.
“We see Washington, D.C. as a critical market as we continue to develop the Baker Tilly brand in the U.S.,” said Tim Christen, CEO of Baker Tilly. “As independent members of Baker Tilly International, we have been colleagues for many years, and together, we believe in the power of the network and the value it brings to our clients around the world.
“Merging with Beers + Cutler, also an independent member of Baker Tilly International, will enhance our ability to serve clients and strengthen the brand in the U.S.”
Ed Offterdinger, Beers + Cutler managing partner, will serve as Baker Tilly’s regional managing partner of its East Coast practice, as well as vice chairman of its management committee. In addition to its offices in Chicago, Madison and Washington, D.C., Baker Tilly has offices in Detroit, Minneapolis, New York and throughout Wisconsin.
“The merger is about creating opportunities,” Offterdinger added. “In looking out at the next five and ten years, it will become increasingly important to have a national and global platform to maintain a competitive advantage in the marketplace.”