Baker Tilly Virchow Krause has, through its subsidiary Baker Tilly Capital, acquired Wright Johnson, a visa specialist consultancy and EB-5 consulting firm. The deal, which sees six specialists transfer to Baker Tilly, improves its ability to deliver project finance solutions across the US.
Wright Johnson (WJ) is a Florida based EB-5 visa for Immigrant Investors consulting firm, founded in 2007. The company offers a range of advisory services in the areas of Regional Centre development, economic impact studies, and business plan development for investors seeking to use the US Immigrant Investor Program*.
WJ is to be integrated into Baker Tilly Virchow Krause’s Baker Tilly Capital**, where it further augments the firm’s position in delivering project finance solutions, besides its wider offering in New Markets Tax Credits (NMTC) and Historic Tax Credits. For WJ the addition improves its ability to scale its consulting services within Baker Tilly’s wider, and global, network – as well as create more value for existing clients. Six professions, including Wright Johnson President Aaron Goforth, who becomes a Partner, transfer to Baker Tilly.
Baker Tilly Chairman and CEO Alan Whitman says, “This is an excellent strategic and cultural fit with Baker Tilly and Baker Tilly Capital. WJ is recognized as one of the most successful providers of comprehensive consulting services for EB-5 projects and this addition gives Baker Tilly Capital a great competitive advantage as a one-stop shop for EB-5 financing.”
Goforth says, “Our team is very pleased to join Baker Tilly. Becoming part of this exceptional firm will expand our capabilities to help existing clients and leverage additional resources to scale our services to bring more value to our clients.”
* The programme is focused on fostering further economic growth in the US by enabling a foreign-born investor to apply for permanent residence on the grounds that their investment in a US commercial enterprise creates of preserves 10 permanent, full-time jobs for qualified US workers.
** Baker Tilly Capital, a subsidiary of Baker Tilly Virchow Krause, is a FINRA broker-dealer that is approved to offer EB-5 investments.