Thoughts on Baker Tilly and Moss Adams merger? The good, the bad, the tariffs?

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It’s a bad move for moss because they’re not PE owned and baker Tilly is

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MA1 Maybe it’s the deferred partner comp not recorded on the books? Seems like that’s what is happening but idk?

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It’s the same as most of these transactions. This won’t be the last merger and the race to be a true big4 competitor continues. Winners and losers are determined based on the specific terms of the deal.

Expect considerable redundancies and a long integration process, along with another acquisition in a year or two.

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No thoughts at all about it

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This cracked me up. Thank you

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Baker Tilly or Moss Adams? I feel BT got PE to buy out the retired partners. Does MA do public audits? If so they will need to be spun off. A PE firm owning an Audit is just red flags everywhere.

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P1 knows. The MSO structure is simple in concept but pretty messy when you try to carve out for a sale

If they’re in talks with BT they’re in talks with PE separately already as well. BT has done many transactions and there’s never been a leak so I’m somewhat skeptical that this will happen. I could be wrong but it just seems like the leak was intentional by Moss so that they could get more interest from elsewhere.

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It is in fact official. lol

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