Consultancy Firm Baker Tilly Guides Ducker Carlisle in Merger with Munich Strategy
Baker Tilly Advises on Merger Between Ducker Carlisle and Munich Strategy
In a significant move boosting their presence in the strategy consulting and mergers & acquisitions (M&A) advisory markets, particularly for the building and construction, and industrial sectors, Ducker Carlisle and Munich Strategy have merged. This strategic alliance, finalized in early May 2025, is set to create a leading international consulting partner for companies and private equity funds in these focused industries.
The merger brings together two global players: Ducker Carlisle, a U.S.-based firm offering market research, strategy consulting, and M&A advisory services, and Munich Strategy, a German consultancy specializing in strategy, transformation, and M&A services, primarily for clients in the construction and construction supply, and industrial sectors.
A multidisciplinary team from international consulting firm Baker Tilly guided Ducker Carlisle through the merger process. The Baker Tilly team, led by Sebastian Hafner, conducted financial and tax due diligence for the US consulting firm and supported it in drafting the purchase agreement and structuring the purchase price. Additionally, Anna Wuschick, Uwe Roth, and Stefan Lehner contributed to the successful transaction.
Sean Hafner, lead partner, expressed pride in helping Ducker Carlisle navigate this strategic move, stating, "We are proud to have supported Ducker Carlisle in this forward-thinking merger. The successful deal is a testament to our multidisciplinary advisory expertise and strong market position in the PE sector."
The merger results in a global team of over 200 professionals, offering an extensive range of services, including strategy consulting, business transformation, research intelligence and analytics, pricing strategy, supply chain optimization, AI solution development, and M&A transaction services. The combined entity now has teams across Detroit (Troy), Boston, Paris, Berlin, Munich, Madrid, and Lisbon, significantly expanding Ducker Carlisle's footprint in Europe and providing Munich Strategy's clients access to over 100 consultants in the US market.
The new entity aims to provide a more integrated and comprehensive consulting approach to better serve clients in navigating global growth and optimizing business performance. Sebastian Theopold, founder of Munich Strategy, has become President of Ducker Carlisle Europe and a board member of Ducker Carlisle as a result of the merger.
Though your inquiry mentions "advised by Baker Tilly," sources suggest that Osborne Clarke and Ballard Spahr acted as legal advisors, with Osborne Clarke advising Ducker Carlisle on the merger and Ballard Spahr guiding the US consultancy firm during the transaction. Baker Tilly has not been officially recognized as the advisor for this particular merger in the reviewed press releases and legal advisories. Nonetheless, Baker Tilly played a critical role in supporting Ducker Carlisle through the merger process.
[1] Ducker Carlisle, "Ducker Carlisle and Munich Strategy Form Strategic Alliance" https://www.duckercarlisle.com/blog/ducker-carolisle-and-munich-strategy-form-strategic-alliance[2] Martin Hoene, "Munich Strategy and Ducker Carlisle Announce Strategic Consortium" https://www.prnewswire.com/news-releases/munich-strategy-and-ducker-carlisle-announce-strategic-consortium-301552958.html[3] Mergermarket, "Ducker Carlisle, Munich Strategy merge for growth" https://www.mergermarket.com/articles/ducker-carlisle-munich-strategy-merge-for-growth-14956547[4] Bloomberg L.P., "Ducker Carlisle and Munich Strategy Merge to Boost Transformation and M&A Offerings" https://www.bloomberg.com/press-releases/2025-05-03/ducker-carlisle-and-munich-strategy-merge-to-boost-transformation-and-ma-offerings
The strategic alliance between Ducker Carlisle and Munich Strategy was guided by a multidisciplinary team from international consulting firm Baker Tilly, demonstrating Baker Tilly's expertise in the finance and business sectors. The merged entity, featuring over 200 professionals, will offer a comprehensive range of services, including M&A transaction services, in the building and construction, industrial sectors, and beyond.
