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Key people at Baker Tilly.
Baker Tilly is a professional services firm based in Chicago, Illinois, that provides comprehensive advisory, tax, assurance, and consulting solutions to mid-market commercial companies, large corporate enterprises, and public sector organizations. Operating as the largest member of the global Baker Tilly International network, the United States division generates more than $1.5 billion in annual revenue and employs approximately 6,500 professionals across 56 domestic locations. The broader international network expands this operational footprint to encompass more than 43,000 employees working across 140 different global territories worldwide. In early 2024, the organization restructured its tax and audit divisions into two distinct corporate entities to maintain regulatory compliance following a major private equity investment led by Hellman and Friedman and Stone Point Capital. The American professional services firm was originally founded in 1931 by Ed Virchow in Waterloo, Wisconsin.
Key people at Baker Tilly.
Baker Tilly US is a leading professional services firm specializing in assurance, tax, advisory, and consulting, headquartered in Chicago, Illinois, with approximately 4,700 employees across 56 US locations and $920 million in revenue.[1][2][7] Part of the global Baker Tilly International network—a top 10 worldwide provider operating in over 140 territories with $5.17 billion in revenues as of 2024—the firm helps organizations enhance efficiency, manage risk, drive strategic growth, and navigate digital transformation through data-driven solutions.[2][3][6] While not an investment firm focused on funding startups, Baker Tilly supports the business ecosystem via advisory services in areas like ESG consulting, risk management, and operations improvement for clients ranging from local enterprises to multinationals.[2]
Baker Tilly US traces its roots to 1931, when Ed Virchow founded Virchow, Krause & Company, LLP in Waterloo, Wisconsin, during the Great Depression, initially providing audit services to struggling canning companies to aid food production efforts.[1][2] The firm partnered with the international Baker Tilly network in 1953, marking early global alignment, and officially rebranded to Baker Tilly in 2009 after years of US mergers that expanded its footprint nationwide.[1][3] Key growth came through strategic consolidations, such as the 2014 merger with Philadelphia-based ParenteBeard, LLC, building on a legacy of resilience amid economic challenges and evolving into a major player by celebrating 91 years in 2022.[1][2][3]
The broader Baker Tilly International network evolved from 19th-century UK roots—like Walter Howard's 1870 practice and the 1988 merger forming Baker Tilly UK—and formalized in 1987 as Summit International Associates across 20 countries, rebranding to Baker Tilly in 2002 with headquarters in London.[3][4][6]
Baker Tilly rides trends in digital transformation and ESG integration, providing advisory on data analytics, cybersecurity, and sustainable practices amid rising regulatory pressures and tech-driven disruptions.[2] Its timing aligns with post-pandemic demands for resilient operations and global compliance, bolstered by market forces like AI adoption and supply chain complexities that favor networked firms over siloed advisors.[2][6] By supporting tech-enabled growth for clients in manufacturing, healthcare, and finance—sectors increasingly reliant on digital tools—Baker Tilly influences the ecosystem through efficiency enhancements and risk mitigation, enabling broader innovation without direct investment.[1][2]
Baker Tilly is poised for continued expansion via mergers, digital service scaling (e.g., Baker Tilly Digital), and deeper ESG/risk advisory amid global economic volatility and tech regulation.[2] Trends like AI governance and sustainable finance will shape its trajectory, potentially elevating its US revenue past $1B as international synergies strengthen. Its influence may evolve from regional consolidator to indispensable global partner, sustaining value addition in an interconnected business world—echoing its Depression-born resilience into tomorrow's challenges.[1][3][6]
