Advisory, tax and assurance firm Baker Tilly has acquired Invoke Tax Partners, a state and local tax specialty firm based in Dallas, Texas.
Financial details of the deal remain undisclosed.
Invoke Tax Partners offers tax services for state and local taxation across the US, with a team of over 90 experts and a network of regional branches.
It caters to a diverse range of sectors such as commercial property, industrial production, the energy sector, leasing services, the telecommunications industry, and goods distribution.
Baker Tilly expects the deal to enhance its capabilities in various tax areas, including real estate, business personal property tax, sales and use tax, and severance tax.
Baker Tilly managing principal – tax services Lynette Stolarzyk said: “By bringing Invoke’s cutting-edge expertise and dynamic team into Baker Tilly, we’re not just augmenting our specialty tax services — we’re redefining how we deliver value to clients on a national level.
“This combination empowers us to drive meaningful results for clients in key industries like manufacturing, commercial real estate, energy and distribution.”
Invoke Tax Partners founding partner Mark Boozer said: “Joining Baker Tilly not only creates new growth opportunities for our team, our combined capabilities will drive value for our existing and future clients while preserving the quality and service that have always defined our work.”
The acquisition of Invoke follows a series of strategic expansions by Baker Tilly, including the acquisitions of CironeFriedberg in Connecticut, Hayflich CPAs in West Virginia, and Hancock Askew in the Southeast.
These moves are supported by Baker Tilly’s recent private equity investment from Hellman & Friedman and Valeas Capital Partners.
Baker Tilly chief growth officer Fred Massanova said: “These acquisitions reflect the momentum generated by our recent investment, which is accelerating our growth strategy and enabling us to deliver even greater value to our clients and teams across key markets.”
Recently, Baker Tilly appointed Monica Modi Dalwadi as the new managing principal for the Eastern US.
She succeeded Fred Massanova, who has transitioned to the role of chief growth officer.
Dalwadi oversees operations and growth efforts across several geographic markets, including metropolitan D.C., West Virginia, Pennsylvania, New York, and New England.
