Baker Tilly US LLP plans to accumulate Vanilla, an enterprise useful resource planning consulting agency primarily based in the UK, efficient Might 1.
The Chicago-based agency already has a presence within the U.Ok. by means of its membership within the Baker Tilly Worldwide community, which relies in London. The acquisition will entrench the agency deeper available in the market and provides digital advisory providers in ERP to its native capabilities. Vanilla, primarily based in Brigg in North Lincolnshire, England, works with the IFS enterprise software program firm and is an IFS Gold Channel Companion and 2021 Channel Companion of the Yr. It offers implementation, gross sales, help and consulting providers to assist companies undertake IFS Cloud purposes within the areas of ERP, service administration and enterprise asset administration. Collectively, Baker Tilly and Vanilla plan to offer superior digital advisory providers to companies trying to rework their ERP programs.
Monetary phrases of the deal weren’t disclosed. Baker Tilly ranked No. 9 on Accounting At present’s newly launched 2022 listing of the High 100 Companies. The agency earned $1.15 billion in annual income, whereas Vanilla had $11.6 million in annual income in 2021. Baker Tilly has 6,000 professionals, together with 500 companions, whereas Vanilla has 95 professionals.
Baker Tilly US headquarters in Chicago
Scott McDonald
“In a single transfer, we turn into a key associate of IFS, one of many main enterprise useful resource administration programs in its class,” stated Angela MacPhee, managing associate of consulting for Baker Tilly, in an announcement Tuesday. “Vanilla’s unbelievable expertise and market repute expands the answer potentialities for Baker Tilly purchasers and vice versa.”
Vanilla will work with the Baker Tilly Digital apply. “We will supply our purchasers a lot extra, now with Baker Tilly’s assets and scale,” stated Vanilla director and co-founder Andy Bell in an announcement. “With the agency’s mission and technique, we acknowledged immediately what the 2 of us might construct collectively.”
Baker Tilly has been increasing its consulting providers with different current M&A offers. Final month, Baker Tilly acquired Orchestra Healthcare, a well being care IT skilled providers and consulting agency primarily based in West Palm Seashore, Florida. Final November, Baker Tilly acquired The Compliance Group, a nationwide mortgage compliance and high quality management group primarily based in Carlsbad, California, in addition to the MFA Corporations, a Boston-based accounting and advisory agency. Earlier within the yr, the agency acquired Arnett Carbis Toothman LLP in West Virginia, in addition to AcctTwo, a Houston-based know-how and providers firm, together with Margolin, Winer & Evens, a Regional Chief agency in New York.