Baker 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 PARTICIPANTS ?
We ’ re very excited to be in the EB-5 market and believe
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