(Reuters) – Accounting firms Baker Tilly and Moss Adams have agreed to merge in a $7 billion deal, making it one of the largest firms in an industry that is partly owned by private equity investors the Wall Street Journal reported on Monday.

The combined firm will retain the Baker Tilly name and become the sixth-biggest accounting firm in the United States, the report said.

Baker Tilly did not immediately respond to a Reuters request for comment.

(Reporting by Pritam Biswas in Bengaluru; Editing by Tasim Zahid)