A Chicago accounting and advisory firm is expanding into North Texas by acquiring a Plano-based firm that has an office in Fort Worth.
Chicago-based Baker Tilly Virchow Kraus LLP and Montgomery Coscia Greilich LLP, a Plano-based accounting and advisory firm, announce their intent to combine with an effective date of June 1, 2019. No price for the transaction was released.
This combination further expands Baker Tilly’s presence in Texas with offices in four of the five largest cities in the state: Houston, Dallas, Austin and Fort Worth.
“MCG is one of the fastest-growing firms in the nation – a real testament to their progressive culture, innovative approach to business and deep-rooted relationships,” Alan Whitman, Baker Tilly CEO said. “This combination signals just the beginning of accelerated growth in the Dallas-Fort Worth region and state of Texas.”
MCG’s specializes in assurance, tax services, sales and use tax, and consulting services, while Baker Tilly’s industry specialization is in manufacturing and distribution, private equity, health care, real estate and international services.
“There is genuine respect and a strong cultural alignment between MCG and Baker Tilly,” Gary Boyd, MCG managing partner said. “Each firm has an entrepreneurial spirit that brings together exceptional talent and complementary skillsets with a focus on people and a commitment to maximizing client value.”
Last October 2018, Baker Tilly announced its combination with MiddletonRaines+Zapata (MRZ), a Houston-area accounting and advisory firm. Allan D. Koltin, CEO of Koltin Consulting Group, advised on both combinations. “I’ve been consulting to accounting firms for close to four decades and can’t recall a firm that grew as fast organically as MCG. Equally impressive is the outstanding talent and leadership they have been able to attract,” Koltin said. “Baker Tilly is well on their way to becoming a national powerhouse – while keeping their entrepreneurial culture and passion for serving clients. These fundamentals shared by MCG is ultimately what brought the two firms together.”
Montgomery Coscia Greilich LLP was founded in 2003 and has more than 300 professionals including 29 partners. MCG is ranked as the seventh largest accounting firm in the Dallas/Fort Worth Metroplex and provides taxation, assurance, sales & use tax, and consulting services to a wide range of clients.