- Companies
- Baker Tilly
Baker Tilly Valuation, Funding & Investors
Baker Tilly is valued at $2B as of February 2024.
Last Baker Tilly valuation
$2B
Undisclosed stage · Feb 2024
Last Baker Tilly funding round
$985M
Undisclosed stage · Feb 2024
Cumulative funding Baker Tilly raised
$985M
across 1 funding round
Key investors in Baker Tilly
Hellman & Friedman
Valeas Capital Partners
About Baker Tilly
Baker Tilly US is a Chicago-headquartered advisory CPA firm delivering audit, tax, and consulting services to private companies and public sector entities nationwide. The organization advises on R&D tax credits, state incentives, and cybersecurity frameworks for clients in food processing, construction, and technology. With 700 partners across 50 offices, it facilitates mergers through valuation and due diligence expertise.
Founded
1931
HQ
Website
Status
Privately held
Customer focus
B2B & B2G
Revenue model
Services
Valuation
$2B (Feb 2024)
Sectors
Baker Tilly Valuation
Baker Tilly is currently valued at $2B, based on its undisclosed-stage round in February 2024.
The $985M round was led by Hellman & Friedman, with participation from Valeas Capital Partners.
Baker Tilly valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Feb 2024 | Undisclosed stage | $2B |
Baker Tilly Funding History
Baker Tilly has raised a total of $985M across 1 funding round.
Baker Tilly funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Feb 2024 | Undisclosed stage | Hellman & Friedman (lead); Valeas Capital Partners | $985M | $2B | Baker Tilly US, a top-10 advisory CPA firm, received a strategic investment from Hellman & Friedman (lead) and Valeas Capital Partners, announced around February 2024 and closed in June 2024. The deal, the largest private equity investment in the US CPA sector, involved restructuring into Baker Tilly Advisory Group LP (for advisory, tax services) and Baker Tilly US LLP (for attest services), with partners retaining equity alongside investors. The transaction valued Baker Tilly at over $2 billion, per Latham & Watkins representing the lenders. Baker Tilly reported FY23 net revenue of $1.6 billion and was on track for $1.8 billion in the fiscal year ending May 2024. The investment supports growth via talent, technology, acquisitions, partner payouts, and recapitalization, doubling workforce in prior five years. |
Who has invested in Baker Tilly?
2 investors have backed Baker Tilly across its funding rounds, including Hellman & Friedman and Valeas Capital Partners.
Lead investors include Hellman & Friedman.
Baker Tilly Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
This data is available for Pro users. Sign up to see all 2 Baker Tilly investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Baker Tilly
Baker Tilly has acquired 21 companies to date.
Last acquisition by Baker Tilly was on June 9th 2026. Baker Tilly acquired Anchin, Block & Anchin LLP for undisclosed valuation.
Latest Acquisitions by Baker Tilly
| Description | Anchin, Block & Anchin LLP is an accounting firm. The firm delivers accounting, financial, and business advisory services. | Moss Adams is a Seattle-headquartered professional services firm offering audit, tax, consulting, and wealth management to clients in technology, real estate, healthcare, and manufacturing. With over 175 offices nationwide, primarily on the West Coast, the independently owned LLP founded in 1923 advises middle-market companies on transaction services, risk management, and regulatory compliance. | Invoke Tax Partners is a tax consulting firm specializing in state and local tax solutions for corporations. The company delivers agile strategies for sales tax, property tax, and unclaimed property compliance across multiple jurisdictions in the United States. | - | |
| HQ Country | |||||
| HQ City | New York City, NY | Seattle, WA | Dallas, TX | Danbury, CT | |
| Deal Date | 9 Jun 2026 | 21 Apr 2025 | 27 Mar 2025 | 11 Feb 2025 | |
| Valuation | undisclosed | $7B | undisclosed | undisclosed | |
| EV/Revenue | |||||
| EV/EBITDA | |||||
This data is available for Pro users. Sign up to see all Baker Tilly acquisitions and their M&A valuation multiples. Start Free Trial | |||||
Baker Tilly Competitors
Baker Tilly competitors include listed companies like TIC Solutions and Ipsos, and private ones like Cognitive Boundaries Education, MegazoneCloud, Distyl AI and AlixPartners.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $2B | - | ||
| Publicly listed | $1.5B | $168M | $2B | 1.6x | ||
| Private | - | - | $1.8B | - | ||
| Private | - | - | $1.8B | - | ||
| Publicly listed | $2.9B | $429M | $1.7B | 0.7x | ||
| Private | - | - | $2.5B | - |
Baker Tilly Public Comps
Baker Tilly is still privately-owned, but its public comps include TIC Solutions, Ipsos, ICF International, Huron Consulting Group, SMS, Everforth, Alten, Clarivate, MLP and Charles River Associates.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.5B | $168M | 2.2x | 1.6x | 19.7x | 10.6x | |||
| $2.9B | $429M | 0.7x | 0.7x | 4.8x | 4.5x | |||
| $1.9B | $201M | 1.1x | 1.1x | 10.5x | 10.0x | |||
| $1.7B | $202M | 2.0x | 1.8x | 16.5x | 12.6x | |||
| $416M | ($63M) | 3.3x | 3.2x | (21.9x) | 19.9x | |||
| $4B | $344M | 0.7x | 0.7x | 7.7x | 6.7x | |||
| $4.7B | $344M | 0.6x | 0.5x | 7.6x | 5.2x | |||
| $2.5B | $829M | 2.1x | 2.2x | 6.3x | 5.3x | |||
This data is available for Pro users. Sign up to see all Baker Tilly competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Baker Tilly
| When was Baker Tilly founded? | Baker Tilly was founded in 1931. |
| Where is Baker Tilly headquartered? | Baker Tilly is headquartered in Chicago, IL, United States. |
| Is Baker Tilly publicly listed? | No, Baker Tilly is a private, VC-backed company. |
| What is Baker Tilly's valuation? | Baker Tilly was last valued at $2B in its undisclosed-stage round in February 2024. |
| How much funding has Baker Tilly raised? | Baker Tilly has raised $985M across 1 funding round. |
| What was Baker Tilly's last funding round? | Baker Tilly's last funding round was a $985M undisclosed-stage round in February 2024, led by Hellman & Friedman. |
| Who are Baker Tilly's investors? | Baker Tilly's investors include Valeas Capital Partners and Hellman & Friedman. |
| Which companies are comparable to Baker Tilly? | Companies comparable to Baker Tilly include Cognitive Boundaries Education, TIC Solutions, MegazoneCloud, Distyl AI, Ipsos and AlixPartners. |
| How many companies has Baker Tilly acquired? | Baker Tilly has acquired 21 companies, including Anchin, Block & Anchin LLP, Moss Adams, Invoke Tax Partners, Cirone Friedberg and Alirrium. |
| What was the largest acquisition by Baker Tilly? | The $7B acquisition of Moss Adams in April 2025 is the largest acquisition Baker Tilly has made to date. |
See companies similar to Baker Tilly
Start Your
Free Trial Today
Try Multiples for free for 3 days. Got questions or need a demo? Schedule a call with us below.




