Medium-Sized Consulting Firm's New Cooperative Sector Venture Propels Growth
Hey there!
Auditing Activities in Cooperatives Being Carried Out by Baker Tilly
The entrance of Baker Tilly into the cooperative sector has proven to be a game-changer for the mid-sized auditing and consulting firm. Over the past year, this new foray into auditing credit cooperatives, facilitated through the creation of a cooperative association, has transformed into yet another high-octane growth engine, according to Baker Tilly's 2024 financial report. The primary focus of the auditing services has been on credit cooperatives and purchasing and service cooperatives.
Insight:
Although the exact growth figures for Baker Tilly's auditing business in the cooperative sector, specifically for credit cooperatives and purchasing and service cooperatives, aren't currently available, recent news and reports have been abuzz with broader firm developments. For instance, a major planned merger with Moss Adams is set to conclude in early June 2025, promising to catapult the firm to become the sixth-largest CPA firm in the United States. This merger will boost Baker Tilly’s headcount to approximately 11,500 individuals and escalate annual revenue surpassing $3 billion in 2024. The aim behind this merger is to bolster Baker Tilly’s mid-market accounting and consulting presence globally. However, specific sector breakdowns haven't been released yet.
Recent reports also indicate a double-digit revenue surge in Germany, signaling firm-wide growth, but without explicit references to the cooperative auditing segment or credit/purchasing cooperatives. Absent from these reports are any publicly available insights or updates specifically about Baker Tilly’s audit growth within cooperative sectors or their accomplishments in auditing credit cooperatives or purchasing and service cooperatives.
To gain a more comprehensive understanding of the growth status of their auditing services in the cooperative sector, including credit cooperatives and purchasing/service cooperatives, further direct inquiry with Baker Tilly or access to industry-specific firm performance reports would be necessary.
The move by Baker Tilly into the cooperative sector, particularly focusing on credit cooperatives and purchasing and service cooperatives, has been a significant contributor to their growth as a medium-sized consulting firm, according to their 2024 financial report. The auditing business in the cooperative sector has the potential to further escalate, given the anticipated merger with Moss Adams, which is set to increase Baker Tilly’s annual revenue and headcount significantly, and position them as one of the top CPA firms in the United States.
