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Todd A. Carpenter

Managing Partner – Real Estate and Construction
608 240 2323

Todd Carpenter, Partner with Baker Tilly Virchow Krause, LLP, has been with the firm since 1997 and serves as the Managing Partner – Real Estate and Construction, in addition to leading the construction and real estate team in Wisconsin. He has more than 30 years of experience in public accounting, working with general and subcontractors as well as real estate developers, investors, brokers, and other entities in the industry. He is experienced in helping clients with assurance, tax, and development advisory services as well as a variety of strategic planning and management services.


  • Works with Management Committee, the Managing Partner of Growth and Specialization, and other key leaders to provide leadership, management, and strategic direction for the real estate and construction practice
  • Guides and executes specialization within the practice to drive measurable results
  • Oversees the development and expansion of services for clients and prospects in the industry
  • Develops the leadership and management capabilities for the practice
  • Oversees accounting services and manages financial statement audit and review engagements for construction contractors and real estate developers, with specialization in commercial, hospitality and affordable housing
  • Experience with project financing, including new markets, historic, and affordable housing tax credits as well as a variety of debt options, including EB-5
  • Experience in succession planning for family-owned and privately held contractor businesses
  • Lead partner on construction contract risk services engagements


  • NAIOP Commercial Real Estate Development Association
  • Associated General Contractors of Wisconsin (AGC)
  • Associated Builders and Contractors (ABC)
  • Wisconsin Builders Association (WBA)
  • Madison Area Builders Association (MABA)
  • American Institute of Certified Public Accountants (AICPA)
  • Former Graaskamp Center Advisory Board Member (James A. Graaskamp Center for Real Estate, University of Wisconsin School of Business)


Minnesota State University‒Mankato
Bachelor of Science in Accounting and Finance