Baker Tilly Roelfs strengthens its management consulting with acquisition of Business & Finance Consulting Services GmbH (BFCS)

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Aims of strategic takeover are to boost growth in the consulting business and to increase total revenues to well over €100 million.

Aims of strategic takeover are to boost growth in the consulting business and to increase total revenues to well over €100 million.

Düsseldorf, November 17, 2014. – Today Baker Tilly Roelfs announced the full takeover of the consulting company Business & Finance Consulting Services GmbH (BFCS). With five partners and a staff of more than 20, BFCS – which is headquartered in Düsseldorf – will be merging with Baker Tilly Roelfs on January 1, 2015 and thus substantially strengthening Baker Tilly Roelfs' management consulting division. With a primary focus on processes, systems and organizational challenges, BFCS has been a highly successful consultancy over the past ten years. Its clients range from small and midsize enterprises (SMEs) to DAX-listed corporations. The core competencies of BFCS are within the fields of business improvement, management advisory, governance, risk & compliance, and internal audit. With this move, the two companies are seeking to accelerate their current rate of growth together. Along with the anticipated internal increase, the annual revenues of Baker Tilly Roelfs are set to exceed the €100 million mark by a significant margin.

Founded in 2005 as a spinoff of a Big Four company, BFCS has secured an established position in the market, particularly regarding the optimization of business processes. As Ralf Gröning, spokesperson for the Management Board of Baker Tilly Roelfs, explains: "Range of services, client segments and, above all, partners and personnel – Baker Tilly Roelfs and BFCS complement each other perfectly."

This new venture has numerous advantages for both parties. Ralf Gröning continues: "As a result of the merger with our management consulting division, BFCS will be entering a well established, professional and entrepreneurial environment with twelve local companies throughout Germany and at the same time, gaining access to our global Baker Tilly network. For Baker Tilly Roelfs, the takeover is the logical step in the course of expansion of our existing expertise – including our know-how in the field of audit-related consulting. This is a further very important milestone in the ongoing development of our consultative business and the strengthening of our position as a powerfully growing, highly consulting-focused player in the field of interdisciplinary, SME-oriented auditing and advisory companies."

In the beginning of the year, Baker Tilly Roelfs already acquired the auditing firm Karl Berg, and its affiliated companies. Further more, its Berlin branch was expanded with the addition of Dr. Peter H. Eggers and his team from RBS RoeverBroennerSusat. Ralf Gröning: "We will continue to focus on both, the further development of our personnel and divisions as well as the acquisition of companies or consulting teams with the aim to advance our range of services and to further strengthening our position at regional level. To this end, we have increased our attractiveness substantially as a result of our powerful new 'Baker Tilly Roelfs' brand and the consequent greater international strategic focus."

BFCS set to relocate in January 2015

At the turn of the year, the five BFCS directors and partners Wolfgang Düx, Jörg Jungbeck, Thomas Klunk, Thorsten Lorenzen and Marc Neumann and the entire BFCS team will move from Düsseldorf-Benrath to the Baker Tilly Roelfs premises (CUBES) on the Rhine embankment in Düsseldorf. The BFCS managers comment: "After years of continual growth, we are taking the next major step – both for our clients and for ourselves – with the merger with Baker Tilly Roelfs. Thanks to Baker Tilly Roelfs we are extending our consulting range in a logical manner and are confident that together we will be in a great position to secure new groups of clients."