Friday, October 5, 2018

Baker Tilly in the US Enters Houston with MRZ Merger

Combined Firm Expands Baker Tilly's Presence in Texas from Austin to Houston – Two of the Strongest Markets in the US

Accounting and advisory firm Baker Tilly Virchow Krause, LLP (Baker Tilly in the US) and MiddletonRaines+Zapata (MRZ), a Houston-area accounting and advisory firm, have announced their intent to merge with an effective date expected by the end of the year.

Houston is the largest city in Texas and the fourth-largest city in the US behind New York, Los Angeles and Chicago.

"MRZ is one of the fastest-growing accounting firms in Houston," Baker Tilly in the US chairman and CEO Alan D Whitman said.

"They are progressive and entrepreneurial and are an ideal partner for us in Houston."

"We are proud of our reputation for delivering innovative accounting and tax solutions through a high-energy, hands-on client experience," MRZ managing partner Wesley Middleton said. "Joining forces with Baker Tilly in the US gives us national resources and broader capabilities to better serve our clients and provide growth and development opportunities for our team members."

MRZ and Baker Tilly in the US share a focus on the client experience and industry specialisation. MRZ's industry strengths are highly compatible with Baker Tilly's, particularly construction and real estate, manufacturing and healthcare. MRZ also specialises in the oil and gas industry. Baker Tilly's specialisation in private equity and tax credits and incentives will be a competitive addition to MRZ's offerings in the Houston market.

Allan D Koltin, CEO of Koltin Consulting Group, advised both firms on the merger. "MRZ represents the type of firm that larger firms dream of aligning with – great leadership, dynamic growth, innovation, young talented professionals and a passion for client service. Wes Middleton and his partners were courted by almost every major CPA firm in the country to become their Houston office. In the end, they loved Baker Tilly’s strategy, culture and leadership and knew it provided the best growth opportunities for their people and clients. Baker Tilly in the US continues to be one of the highest-performing Top 15 CPA firms in the US. This combination is a huge step for them in Texas and I believe it is only the beginning of their expansion plans throughout the state."

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