Baker Tilly expands middle-market operations, solidifies New York footprint with acquisition of Anchin.
Deal strengthens the firm's presence in the world's financial capital and establishes a new strategic hub for its middle-market operations. The acquisition of the 103-year-old firm brings deep industry expertise in real estate and financial services to Baker Tilly's growing portfolio.
Professional services firm Baker Tilly has entered into an agreement to acquire Anchin, Block & Anchin LLP (Anchin), a move that will see the advisory and tax firm establish New York City as its global headquarters. The transaction, which is expected to close this summer, significantly expands the firm's reach in the nation's primary financial center.
The agreement unites two organizations focused on serving middle-market clients with advisory, tax, and assurance services. By moving its headquarters to New York, Baker Tilly is signaling the city's critical role in its future business strategy. The firm noted that the move reflects a long-term commitment to the talent, expertise, and industries concentrated in the New York metropolitan area.
"New York is one of the most important markets for our clients and for the future of our firm," said Eric Miles, chief executive officer of Baker Tilly. "Anchin strengthens our presence in a market that is central to many of the industries, entrepreneurs and businesses we serve. Establishing New York as our headquarters reflects our long-term commitment to this market and our continued investment in the talent."
Founded in 1923, Anchin has built a reputation as a prominent New York accounting and advisory firm with specialized expertise in private clients, real estate, financial services, and consumer products. Beyond its New York presence, the firm also operates offices in South Florida, which will extend the combined firm's reach into another high-growth region for investment and professional services.
Following the completion of the deal, Russell Shinsky, currently the managing partner of Anchin, will transition to the role of New York managing principal for Baker Tilly. Shinsky noted that Anchin was in a position of strength when it chose to join Baker Tilly, citing the latter's commitment to innovation and respect for the culture and reputation Anchin has built over the last 103 years.
Fred Massanova, North America managing principal and chief operating officer of Baker Tilly, emphasized that Anchin's leadership will play a vital role in shaping the firm's future in the region. The combined entity aims to maintain a relationship-driven approach while scaling its capabilities to create greater opportunities for middle-market clients.
SOURCE: Baker Tilly
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