Chicago-based IPA 100 firm Baker Tilly (FY23 net revenue of $1.6 billion) announce its acquisition of Redwood City, Calif.-based IPA 100 firm Seiler (FY22 net revenue of $87 million) effective July 1. The acquisition by Baker Tilly will expand its presence in the San Francisco Bay area, particularly in serving family offices and ultra-high-net-worth clients.
Lynette Stolarzyk, Baker Tilly Bay Area MP, commented on the acquisition, “The Bay Area market is a major business incubator on the West Coast and an international connection point. Our combination with Seiler will enable us to continue growing and injecting innovation.”
As part of the acquisition, Seiler CEO George Marinos will assume the role of Baker Tilly’s regional tax leader, succeeding Gabe Torre. Furthermore, Ron LaVelle, a partner at Seiler, will lead Baker Tilly’s private wealth practice.
Marinos expressed his thoughts on the collaboration, “This combination will provide expansive resources, opportunities, technical expertise and service lines that will be of immense benefit to clients and employees. Baker Tilly shares our vision and bullishness for what is possible. In short, we are all in.”
Steve Milner, Baker Tilly Western U.S. MP, added, “With Seiler now part of our team, Baker Tilly solidifies its standing as a premier firm in the Bay Area.” Jeff Ferro, Baker Tilly CEO, continued, “This combination continues our strong track record of growth and underscores our dedication to innovation, delivering unparalleled client experiences, and building the country’s preeminent mid-market advisory CPA firm.”
