Indianapolis-based municipal advisory and CPA firm H.J. Umbaugh and Associates LLP has joined in a three-way merger with Chicago-based advisory, tax and assurance firm Baker Tilly Virchow Krause LLP and Minnesota-headquartered Springsted Inc. The combination is expected to be effective in first quarter.
Umbaugh and Springsted are two of the largest independent public sector municipal advisory firms in the country with nearly 200 team members and more than 130 years of combined operating experience.
Baker Tilly currently has a team of 220 professionals serving nearly 1,000 government clients. The firm provides audit and advisory services to the public, including financial forecasting, TIF projections, consolidations and shared services, forensics and expert witness services, Enterprise Resource Planning (ERP), process and efficiency analysis, and internal controls reviews and recommendations.
Umbaugh is the largest CPA firm in the U.S. that focuses solely on financial management, capital planning, bond issuance and post issuance advising and consulting for municipalities, utilities, schools, libraries, counties and townships.
“We are proud of our longstanding reputation for helping community leaders resolve the financial issues they face as they work to improve the quality of life in their communities,” Umbaugh Executive Partner Todd Samuelson said. “Joining forces with Baker Tilly and Springsted gives us national resources and broader capabilities to expand services to our clients as well as enhance growth and development opportunities for our team members.”