Baker Tilly Sold Out

Baker Tilly sold out… should we be shouting YAY or NAY?😲📢

Baker Tilly sold the majority of the firm to two investment groups. This will end up being the biggest private equity deal for an accounting firm ever. 

💣 They'll use the cash to gobble up smaller firms to become one of the biggest accounting firms outside of Big 4.

I like the idea of moving away from the traditional partnership model. But I’m not sure I fully grasp all of the moving pieces.

◽ What about qualified opinions or dropping a client, will the investors be cool with that? (*cough Enron)

◽ Isn’t this just another mouth to feed, payroll AND a return for investors?

◽ Is this a more or less attractive model for new joiners?

🤷‍♂️ I honestly don’t know, should we be shouting YAY or NAY to this?