Baker Tilly acquires Bay Area accountancy Seiler LLP

03 June 2024 Consulting.us 2 min. read
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Baker Tilly US LLP has acquired Seiler LLP, a Redwood City, CA-headquartered accounting and consulting firm.

Founded in 1957, Seiler delivers assurance, tax, and advisory services to ultra-high-net-worth individuals, families, closely held enterprises, and non-profits in the Bay Area, Silicon Valley, and across the country. The firm has more than 300 employees across offices in Redwood City, San Francisco, San Jose, and Walnut Creek, California.

Baker Tilly’s acquisition of Seiler will further expand its Bay Area presence. The deal is slated to close on July 1, 2024.

“The Bay Area market is a major business incubator on the West Coast and an international connection point,” said Lynette Stolarzyk, managing partner for the Bay Area region at Baker Tilly. “Our combination with Seiler will enable us to continue growing and injecting innovation, value creation, and an elevated customer experience in this pivotal market.”

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George Marinos, CEO of Seiler, will join Baker Tilly as regional tax leader for the Western US. He succeeds Gabe Torre, who will move on to serve as managing partner for the Western US.

“This combination will provide expansive resources, opportunities, technical expertise and service lines that will be of immense benefit to clients and employees as well as a dynamic platform for smart, tactical growth,” said Marinos. “Baker Tilly shares our vision and bullishness for what is possible. In short, we are all in.”

The acquisition follows the February announcement of the private equity acquisition of Baker Tilly. The $1-billion deal, which is expected to close in June, will see Hellman & Friedman and Valeas Capital Partners acquire just over half of the Chicago-based accountancy.

Baker Tilly US has over 6,400 employees across 50+ offices nationwide. It is the 10th-largest accounting firm in the United States.