Accounting firms Baker Tilly and Moss Adams agreed to merge in a deal valued at roughly $7 billion, which would make it the largest firm in the industry to be partly owned by private-equity investors.

Baker Tilly and Moss Adams have announced a merger, creating the “sixth-largest” advisory compulsory personal accident (CPA) company in the US. Financial terms of the transaction were not disclosed. However,

Baker Tilly said on Monday that it will merge with Seattle's Moss Adams in a $7 billion deal that will create the sixth-largest advisory CPA firm in the United States. The merger is expected to be finalized in early June,