EB5 Investors Magazine Volume 5, Issue 2 - Page 151

B aker Tilly Capital, a subsidiary of accounting and advisory firm Baker Tilly, earlier this year bought Wright Johnson’s EB-5 consulting practice. The move was an effort to give Baker Tilly a competitive advantage as a one-stop shop for EB-5 financing, the company said. “We studied the space for a year or so to gauge the market and decided that a strategic acquisition would advance the practice much faster than green-fielding a team,” said Baker Tilly Capital partner Michael Fitzpatrick, who joined Baker Tilly in 2000 and assisted in founding Baker Tilly Capital in 2001. “Kevin Wright and I met and very quickly realized we had a shared vision for the direction of the industry and believed that the combination of our practices would position us as the institutional quality provider of comprehensive EB-5 offering services.” Baker Tilly is a member of Baker Tilly International, a $3.2 billion network of independent accounting and business advisory firms with 30,000 professionals in 147 countries. WHAT IS THE ROLE AND MISSION OF BAKER TILLY IN THE EB-5 INDUSTRY? WHAT SERVICES DO YOU OFFER? Baker Tilly Capital is a FINRA-member Broker Dealer, which is wholly owned by Baker Tilly Virchow Krause, LLP. Our mission within the firm is to provide clients with access to complex, niche sources of capital that fill a gap in the capital stack between equity and senior debt that offer flexible terms and lower cost. For example, we have one of the largest New Markets Tax Credits consulting practices in the U.S., and we felt that EB-5 would be an important service to offer our clients to compliment the other specialty programs that we offer. With the acquisition of the Wright Johnson consulting practice, we are vertically integrated to offer projects all of the pre-offer consulting services needed to conduct an EB-5 offering, such as TEA designation, Matter of Ho business plans and economic analysis, as well as capital sourcing and securities compliance services. WHAT DOES THIS NEW ADDITION MEAN FOR BAKER TILLY AND THE SERVICES IT CAN PROVIDE FOR THE EB-5 PARTIC TS•x&\H\H^]YH[HPMHX\][[Y]BPRSTԔːH ML