10/05/2021
Citizens Advises AcctTwo on its Acquisition by Baker Tilly
PROVIDENCE, RI – Citizens M&A Advisory announced today that it served as the exclusive financial advisor to AcctTwo Shared Services, LLC, a provider of financial management software and solutions, on its acquisition by Baker Tilly US, LLP.
AcctTwo delivers curated and tightly integrated technology stacks of third-party and proprietary, vertically focused software solutions that automate and enhance the customer’s finance and accounting function. AcctTwo is a seven-time Partner of the Year of Sage Intacct. Baker Tilly is a leading advisory, tax and assurance firm with offices across the United States and in many of the world’s leading financial centers – New York, London, San Francisco, Los Angeles and Chicago.
Baker Tilly brings AcctTwo clients significantly more resources and capabilities coast-to-coast and internationally in tax, assurance and consulting. These now include best-in-class software and business process transformation as well as outsourcing a client’s entire finance and accounting function.
Marcus Wagner, founder and chief executive officer of AcctTwo, said: “The Citizens M&A Advisory team assisted us with the myriad of alternatives and helped secure the best possible outcome. Scott Rhodes and his team provided sound advice throughout the process, and their knowledge of the finance and accounting software industry was instrumental in telling our story to potential partners.”
Scott Rhodes, managing director at Citizens M&A Advisory, said: “We were thrilled to work with AcctTwo on the sale to Baker Tilly, which strengthens its software and digital strategy for its customers. We wish the teams at AcctTwo and Baker Tilly the best of luck in this new partnership.”
Citizens M&A Advisory specializes in middle-market mergers and acquisitions. Citizens combines sector intelligence with a client-focused approach to realize our clients' true value. The Citizens team has closed more than 175 transactions in the last five years and has more than 70 M&A professionals specializing in a range of industries across the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $185.1 billion in assets as of June 30, 2021. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.
The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. The testimonials are not paid and are not indicative of future performance or success.