By the end of last year

Advisory, tax and assurance firm Baker Tilly has reached an agreement to acquire Dallas-based Oil and Gas Business Solutions (OGBS).

OGBS specialises in complex bookkeeping and back office services in the oil and gas upstream sector.

Its clients include small and mid-sized independent operators, oil and gas investors, as well as royalty trusts and brokers.

Dallas Market managing partner Gary Boyd said: “OGBS is a great complement to Baker Tilly.

“Our energy practice is growing and staying ahead of the curve with increasingly diverse capabilities that address emerging technology, operational efficiency, financial structuring and tax strategies.”

Baker Tilly added that it intends to continue strengthening its footprint in the Texas cities of Dallas, Fort Worth, Austin, and Houston.

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OGBS president Tom Black said: “We’re proud of our history and reputation in the oil and gas industry.

“Joining Baker Tilly enables us to serve the growing demands of oil and gas clients’ evolving business and technology needs while providing exciting opportunities for our team members.”

According to Baker Tilly, the anticipated effective date of the deal is 1 June 2020.

All OGBS team members will join Baker Tilly upon completion of the transaction.

Oil & Gas Business Solutions is a provider of personnel, systems and processes to jump start a new or existing oil and gas back office.

OGBS has been engaged in delivering personalised and dependable financial, operational, and bookkeeping services to the upstream energy market for over 50 years.