Baker Tilly expands tax practice with True Partners Consulting purchase

30 September 2022 1 min. read
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Baker Tilly US has acquired True Partners Consulting, a Chicago-based tax and business advisory firm.

Founded in 2005, True Partners Consulting (TPC) provides tax and financial reporting services to mid-market and Fortune 1000 clients across the United States. The firm’s offerings include solutions for income, federal, state and local, and international taxes; transfer pricing; credits and incentives; global CFO solutions; tax technology; and unclaimed property.

TPC has 210 people (including 23 partners) across nine offices, coast to coast. The consultancy had revenue of $49 million in 2021.

Baker Tilly’s acquisition of TPC will strengthen its tax practice and will add a new offering in unclaimed property. The deal, which will close on November 1, will also expand Baker Tilly’s physical presence into Atlanta and Tampa.

Baker Tilly expands tax practice with True Partners Consulting purchase

“TPC has incredible talent and a market reputation for excellence,” said Craig Weaver, Baker Tilly managing partner for tax. “Together, we have a shared drive to enhance the client experience through technology.”

Baker Tilly last month announced the acquisition of Management Partners, a local government consulting firm with over 90 professionals in Cincinnati and San Jose.

“Baker Tilly brings substantial resources and capabilities to TPC’s clients – and greatly expanded opportunities for our team members,” said Tim Costello, CEO of True Partners Consulting. “We have always been focused on the future, and we look forward to continuing that focus on a larger scale.”

Koltin Consulting Group advised both firms on the acquisition.

Baker Tilly US is headquartered in Chicago and has more than 6,500 employees. It is the 10th largest accounting and consulting firm in the US, according to Inside Public Accounting, with $1.31 billion in revenue in 2021.