Particulars: Baker Tilly stated Tuesday it intends to accumulate The Compliance Group, a nationwide mortgage compliance and high quality management group based mostly in Carlsbad, California, efficient Dec. 6, 2021.
TCG helps mortgage lenders with regulatory compliance and threat administration providers. The deal will open a brand new apply space for Baker Tilly within the mortgage market, and the agency plans to create a mortgage lending middle of excellence.
“Within the scorching U.S. mortgage lending market, we offer the regulatory compliance and threat administration, together with digital expertise, essential to assist our shoppers from all angles — holding them agile in a shortly evolving surroundings,” stated Christine Fenske, managing accomplice of Baker Tilly’s monetary providers apply, in an announcement.
Monetary phrases of the deal weren’t disclosed. Baker Tilly ranked No. 12 on Accounting At this time’s 2021 listing of the Prime 100 Companies. The agency’s annual income as of Could 31, 2021 was $1 billion, throughout consulting, tax and assurance providers. The Compliance Group’s income as of Dec. 31, 2020 was $11.three million. Baker Tilly has 4,600 professionals, together with 450 companions. The Compliance Group has 110 professionals, together with three companions.TCG’s 110-person remotely positioned group will be part of Baker Tilly as a part of the deal.
“Baker Tilly brings TCG shoppers considerably extra assets and capabilities coast-to-coast,” TCG CEO Annemaria Allen stated in an announcement. “We selected to hitch forces with Baker Tilly due to their imaginative and prescient and technique and the alternatives we now must create much more worth for our shoppers and staff.”
Final week, Baker Tilly introduced that it plans to accumulate the MFA Firms, a Boston-based accounting and advisory agency, efficient Dec. 2, 2021. Earlier this fall, Baker Tilly acquired Arnett Carbis Toothman LLP in West Virginia, efficient Nov. 1, in addition to buying AcctTwo, a Houston-based expertise and providers firm. Earlier within the 12 months, it introduced it was buying Margolin, Winer & Evens, a Regional Chief agency in New York, efficient Nov. 1. Final 12 months, it acquired Squar Milner and Brown Adams Agbayani in California, in addition to Talavant, an information analytics agency in Madison, Wisconsin.