|January 9, 2019
We have great news. Umbaugh is pleased to announce our intention to join with Springsted Inc. in (Springsted) and Baker Tilly Virchow Krause, LLP (Baker Tilly) to become one of the strongest municipal advisory and public finance practices in the business.
As you know, Umbaugh has been recognized as one of the fastest growing CPA firms in the nation. We are always looking for ways to improve our services, provide greater value to you and deepen our relationship. This strategic combination with Springsted and Baker Tilly brings together what we believe to be a unique set of resources to become a premiere municipal advisory practice. We remain dedicated to the public sector, serving state and local governmental units, public schools, utilities and non-profit organizations and most of all, continue our dedication to you, our loyal clients.
Springsted is based in Minneapolis and has a long and well-respected record in public finance and projects for public and non-profit organizations. Springsted’s public finance services include municipal finance and post-issuance compliance, operational finance, investment, housing and economic development services. Human capital services include executive recruitment, management consulting, compensation consulting and community surveys.
Baker Tilly is the 15th largest CPA firm in the United States. They have a strong public sector practice with a team of 220 professionals serving nearly 1,000 government clients. Additionally, Baker Tilly’s industry concentration complements its public sector specialization, particularly in housing, economic development, higher education and healthcare. Baker Tilly provides audit and advisory services to the public sector, including financial forecasting, TIF projections, consolidations and shared services, forensics and expert witness services, enterprise resource planning, process and efficiency analysis, and internal controls reviews and recommendations.
What does this mean for you?
Things will be the same – just better! Your Umbaugh client service team remains the same and you can count on us to continue providing the same level of service you expect. We can now leverage broader resources and expanded capabilities to serve you better. Moreover, there are no anticipated increases in fees as a result of this combination. Springsted and Baker Tilly both have very talented teams that will now join with our Umbaugh team. Together we are excited to help you seize new opportunities and solve your most pressing problems.
What about location and contact information?
Our office locations and phone numbers in Indianapolis, Mishawaka, Lansing and Columbus remain the same. Our email addresses will eventually change; however, when this occurs any messages sent to our former email addresses will automatically forward.
When is this happening?
We expect the combination to be effective in the first quarter of this year. After a transition period, the combined firm will be known as Baker Tilly. As we transition, you will see our new Baker Tilly name and logo in communications with you. Bakertilly.com will be our new online home.
We know this is big news and merits more information. We are attempting to reach out to as many of our clients and colleagues as time allows. As always, please contact us with any questions or concerns.
We value the trust you place in us as we transition to become Baker Tilly. We are very proud of our 68-year history and excited to build upon it going forward. Please join us in celebration!